Commenting on the management changes, David L. Hawkins, an independent director of Porter Bancorp and chair of the audit and risk oversight committees, stated, “Chester Porter has been a major factor in our Company’s growth over the past 24 years, and we are gratified that he will continue to make his deep institutional knowledge and expertise available to the Board in his role as Chairman Emeritus. We are very fortunate to have Chester’s continued counsel regarding the banking community in Kentucky combined with his legal acumen to guide us on the Board. Under Chester’s leadership, our Board has implemented a management succession plan that will serve as our guide to add and strengthen our management team as we go forward.“As part of our succession plan, the Board expects to name Maria Bouvette to the additional role as Chairman of Porter Bancorp at the annual shareholders’ meeting in May. Maria and Chester have worked closely together over the past 25 years and we expect continuity in Porter Bancorp’s operations when Maria is named as Chairman.
Porter Bancorp, Inc. Announces J. Chester Porter To Become Chairman Emeritus
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