Michael M. Trexler was elected chairman of the board for People First Bancshares and David Slater was elected vice chairman during the company’s annual meeting on March 30.
Other officers include John Gardner, president and CEO; James Adcock, secretary; Terry Schafer, assistant secretary; and Craig Deere, treasurer and CFO.
People First Bancshares, with corporate offices in Pana, is the holding company for Peoples Bank & Trust. The locally owned and managed independent community bank has 10 offices, including ones in Springfield, Waverly, Palmyra and White Hall.
Trexler recognized retiring director Jim Randolph for 25 years of service to the organization and acknowledged other retirements and additions to the organization.
“Maintaining the best team of banking professionals is the key to the bank’s success,” he said in congratulating Carol Furnish, Kathleen Anderson, Theresa Beal, Bonnie Miller and David Kromphardt on their retirement.
He also recognized Kacie Rankin and Jennifer Mathis on their promotions to assistant vice president, consumer banking. Gardner also welcomed new officers and directors to the organization, recognizing Jordan Ruppert as vice president of business banking in Taylorville, Lea Stuckemeyer as assistant vice president of consumer banking in Altamont, Trevor Taylor as vice president of business banking in Charleston, and Josh Shallenberger, who joined the company’s board of directors last year.
The bank reported record financial performance, including an increase in net income before tax from $7.1 million to $7.6 million. Assets increased by $82.5 million to $570.5 million; deposit volume increased by $78.6 million to $491.7 million; and loans increased by $21.7 million, to $344.6 million.
Also during the meeting, David Dorn Jr. and Christopher Swing were re-elected to three-year terms as directors of the bank and holding company. Other directors are Slater, Brad Davis, Michael E. Beyers, Gardner and Trexler.