DNB Financial Corporation Names William J. Hieb President and Chief Executive Officer and James H. Thornton Chairman of the B...
April 04 2016 - 6:11PM
DNB Financial Corporation (“DNB”) (NASDAQ:DNBF), today announced
that William J. Hieb, 59, has been named permanent President and
Chief Executive Officer. The company also announced that James H.
Thornton has been named permanent Chairman of the Board of
Directors.
Mr. Thornton said, "After careful consideration of his skills
and background, the Board of Directors felt that Mr. Hieb offered
both the stability and continuity needed to follow through with the
company’s strategic initiatives. He is committed to building
long-term customer relationships through community involvement and
increased shareholder value through continued core earnings
growth.”
Mr. Thornton continued, “I’m also grateful to the Board for the
confidence they have placed in me as their Chairman. I am confident
that Bill and I can work together to achieve continued success, a
success that was built on prudent and decisive leadership.”
About DNB Financial Corporation
DNB Financial Corporation is a bank holding company whose bank
subsidiary, DNB First, National Association, is a community bank
headquartered in Downingtown, Pennsylvania with 12 locations. DNB
First, which was founded in 1860, provides a broad array of
consumer and business banking products, and offers brokerage and
insurance services through DNB Investments & Insurance, and
investment management services through DNB Investment Management
& Trust. DNB Financial Corporation's shares are traded on
Nasdaq's Capital Market under the symbol: DNBF. We invite our
customers and shareholders to visit our website at
https://www.dnbfirst.com. DNB's Investor Relations site can be
found at http://investors.dnbfirst.com/.
For further information, please contact:
Jonathan T. McGrain, SVP
Director of Sales and Marketing
484-359-3221
jmcgrain@dnbfirst.com
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