Jefferson Security Bank in Shepherdstown, W.Va., has promoted its chief financial officer to chief executive.
Cynthia Kitner's appointment at the $288 million-asset bank took effect March 16, according to a Wednesday news release. She succeeded Stephen Morris, who had been CEO since 2003. Morris will take the role of chief strategy officer until he retires on April 20.
Kitner joined Jefferson in 2005 as CFO. Kitner, a certified public accountant, previously was an audit manager for the accounting firm Yount Hyde & Barbour.
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Summit Financial Group in Moorefield, W.Va., has agreed to buy Highland County Bankshares in Monterey, Va., for $21.8 million in cash. The deal is expected to close early in the third quarter.
March 1 -
First United Corp. in Oakland, Md., has named Carissa Rodeheaver chairman and chief executive.
December 18 -
Penns Woods Bancorp in Williamsport, Pa., has promoted Michelle Karas to chief operating officer.
March 8
Jefferson did not specify its plans for filling the CFO position. The bank did not immediately return a request for comment.
Jefferson was founded in 1869 and has six branches in the Eastern Panhandle of West Virginia and in Maryland.
