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Citizens Union Bancorp of Shelbyville, Inc., the parent company for Citizen Union Bank in Shelbyville and First Farmers Bank in Owenton, announced the following executive management appointments effective Dec. 1 as approved by the parent company and respective affiliate bank boards of directors:
David Bowling – chief executive officer of Citizens Union Bank
Darryl Traylor – chairman and chief executive officer of First Farmers Bank and president of Citizens Union Bank
David Lyons – president of First Farmers Bank
The changes were made to better align the roles of the individuals with their duties and responsibilities as the company and its affiliate banks move forward into 2014.
Bowling and Traylor will continue to be responsible for working with the bank’s board of directors to set the strategic direction of CUB and to oversee the day to day operations of the bank.
Traylor will also be responsible for working with Lyons and the First Farmers Bank board to set the strategic direction of FFB. He will devote time on a weekly basis to both banks.
Lyons will be responsible for overseeing the day to day operations of FFB.
Steve Barker, chairman of Citizens Union Bancorp said, “We believe this realignment will enable us to clarify the leadership positions of our affiliate banks and position us with strong leadership for the future.”
Steve Solomon, chairman of Citizens Union Bank commented, “We have every confidence in David and Darryl’s leadership ability. They work well as a team and have very complimentary skills.”
Darryl Traylor added, “David Lyons has done an excellent job for First Farmers Bank and brings outstanding banking experience to his new role as president.”
The changes were effective Dec.1.
Citizens Union Bank operates 15 branches throughout Shelby, Jefferson, Spencer, Bullitt, Oldham, Larue and Hardin counties in Kentucky. First Farmers Bank operates four branches in Owen and Gallatin counties in Kentucky.