LNB Bancorp, Inc. Announces Chief Financial Officer to Retire and Names Successor
17 Julho 2014 - 9:30AM
Business Wire
Gary J. Elek, Executive Vice President and Chief Financial
Officer, informed LNB Bancorp, Inc. (NASDAQ: LNBB) of his decision
to retire from his employment with the Company in early 2015. In
connection with his retirement, Mr. Elek will step down from his
position as Chief Financial Officer of the Company effective as of
July 28, 2014, after which Mr. Elek will remain employed with the
Company and transition the balance of his responsibilities over his
remaining time until his planned retirement early next year.
Effective July 28, 2014, the Company will appoint James H.
Nicholson, age 51, as Senior Vice President and Chief Financial
Officer of the Company. Prior to joining the Company, Mr. Nicholson
most recently served, from October 2013 to July 2014, as a Senior
Financial Advisor for F.N.B. Corporation, a financial services
company headquartered in Hermitage, Pennsylvania, following FNB’s
acquisition of PVF Capital Corp. in October 2013. From November
2009 to October 2013, Mr. Nicholson served as Executive Vice
President and Chief Financial Officer of PVF Capital Corp., a bank
holding company that was headquartered in Solon, Ohio prior to its
acquisition by FNB. From 2006 to 2009, Mr. Nicholson served as
Regional President and Regional Operating Officer for Huntington
National Bank.
About Lorain National Bank:
Lorain National Bank is the major subsidiary of LNB Bancorp,
Inc., a $1.2 billion bank holding company. The Lorain National Bank
is a full-service commercial bank, specializing in commercial,
personal banking services, residential mortgage lending and wealth
management and trust services. The Lorain National Bank and Morgan
Bank serve customers through 20 retail-banking locations and 28
ATMs in Lorain, eastern Erie, western Cuyahoga and Summit counties.
North Coast Community Development Corporation is a wholly owned
subsidiary of The Lorain National Bank. For more information about
LNB Bancorp, Inc., and its related products and services or to view
its filings with the Securities and Exchange Commission, visit
http://www.4lnb.com or on Facebook at
https://www.facebook.com/LorainNationalBank
Lorain National BankPeter R. Catanese,
440-244-7126pcatanese@4lnb.com
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