First Defiance Financial Corp. Reports $5.2 Million Of Net Income For The 2012 Fourth Quarter, Up 27% From Fourth Quarter 2011, And Record Full Year Earnings Of $18.7 Million, Up 20% From Full Year 2011
Also at today’s Board meeting, Mr. Small informed the Board of Directors of First Defiance that he plans to retire from his management role at First Defiance effective December 31, 2013. With this announcement, the Board approved the initiation of its management transition plan. As a result, effective January 1, 2014, Donald P. Hileman, currently Executive Vice President and Chief Financial Officer, will assume the role of President and CEO of First Defiance. Jim Rohrs will remain in his position as President and CEO of First Federal Bank. Mr. Small, currently Chairman, President, and CEO of First Defiance and Chairman of the Bank, will retire as an active employee of the Company, but will remain as Chairman of both the holding company and the Bank.
“This is a part of our succession plan that has been discussed over the last several years,” stated Lead Independent Director Steve Boomer. “With improving performance trends we remain focused on the long term success of the Company, including management succession. Implementing the plan now allows us to better facilitate the transition.”
Conference CallFirst Defiance Financial Corp. will host a conference call at 11:00 a.m. (EST) on Tuesday, January 29, 2013 to discuss the earnings results and business trends. The conference call may be accessed by calling 1-888-317-6016. A live webcast may be accessed at http://services.choruscall.com/links/fdef130122.html Audio replay of the Internet Web cast will be available at www.fdef.com until April 1, 2013 at 9:00 a.m. First Defiance Financial Corp. First Defiance Financial Corp., headquartered in Defiance, Ohio, is the holding company for First Federal Bank of the Midwest and First Insurance Group. First Federal operates 33 full service branches and 42 ATM locations in northwest Ohio, southeast Michigan and Fort Wayne, Indiana. First Insurance Group is a full service insurance agency with six offices throughout northwest Ohio.
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