Farmers National Bank announces the promotion of Michael Lipke to Senior Vice President, Chief Credit Officer.
Lipke joined Farmers in 2021 following the merger with Cortland Bancorp. Most recently, Lipke served as Director of Commercial Credit Administration for Farmers, managing a credit team responsible for a loan portfolio of more than $2 billion.
In his new role as Chief Credit Officer, the Bank’s commercial credit, loan operations, and special assets departments will report to Lipke.
Financial Technology Insights: Temenos Unleashes On-Premises GenAI for Banking with NVIDIA
Lipke has over 25 years of experience in banking and financial services and has served in several credit and commercial team leader roles throughout Northeast Ohio and Western PA. He holds a bachelor’s degree from Duquesne University as well as an MBA from the University of Pittsburgh.
“As Farmers continues to grow, maintaining our promise of supporting local businesses by delivering capital while preserving our strong credit quality is key. Michael’s years of experience as a leader in credit administration make him an asset to our team as we promote and maintain the Farmers credit culture,” says Kevin Helmick, President and CEO.
Financial Technology Insights: SBI Digital Markets, UBS, Chainlink Complete Pilot for Smart Contract Fund Admin
“I look forward to leveraging my leadership experience in credit policy and pricing while maintaining the legacy of Farmers strong asset quality. I have spent the last ten years in community banking and have seen first-hand the vital role community banks play in fostering local economic growth,” says Lipke.
Financial Technology Insights: Paxos to Acquire Finnish E-Money Institution Membrane Finance
About Farmers National Banc Corp.
Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $5.1 billion in banking assets. Farmers National Banc Corp.’s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 62 banking locations in Mahoning, Trumbull, Columbiana, Portage, Stark, Wayne, Medina, Geauga and Cuyahoga Counties in Ohio and Beaver, Butler, Allegheny, Jefferson, Clarion, Venango, Clearfield, Mercer, Elk and Crawford Counties in Pennsylvania, and Farmers Trust Company, which operates five trust offices and offers services in the same geographic markets. Total wealth management assets under care at December 31, 2024 are $4.2 billion. Farmers National Insurance, LLC, a wholly-owned subsidiary of The Farmers National Bank of Canfield, offers a variety of insurance products.
To share your insights with the FinTech Newsroom, please write to us at sudipto@intentamplify.com
Source – PR Newswire
