Premier Financial Corp., the parent company of Premier Bank, has set March 31 as the date for its long-planned CEO transition.
Premier's holding company and banking subsidiary are based in Defiance and Youngstown, respectively. The company was created with the merger of First Defiance Financial Corp., which operated First Federal Bank of the Midwest, and United Community Financial Corp. (UCFC), the holding company for Home Savings Bank. That deal, valued at $473 million, was announced in September 2019 and closed in January 2020.
Come March 31, Donald Hileman, former president and CEO of First Defiance who's been serving in the like roles for Premier, will transition to board chairman.
He'll be succeeded in those roles by Gary Small, former president and CEO of UCFC who has been overseeing Premier operations in Youngstown and working with Hileman on a smooth transition of leadership duties.
"Don's strong leadership as CEO over the past seven years and through the UCFC merger has been instrumental in creating a strong foundation for the continued success of the company," Small said in a statement.
Premier reported strong fourth-quarter earnings this week and a dividend increase of 9%. The bank has approximately $7.2 billion in total assets and a footprint touching markets in Ohio, Michigan, Indiana, Pennsylvania and West Virginia, where the bank still operates as Home Savings.
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January 28, 2021 at 01:05AM
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Premier Bank sets CEO transition for March 31 - Crain's Cleveland Business
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