LNB Bancorp, Inc. Announces CFO Gary J. Elek to Retire And Will be Be Replaced By James H. Nicholson
Gary J. Elek, Executive Vice President and Chief Financial Officer, informed LNB Bancorp, Inc. (NASDAQ: LNBB) of his decision to retire from his employment with the Company in early 2015. In connection with his retirement, Mr. Elek will step down from his position as Chief Financial Officer of the Company effective as of July 28, 2014, after which Mr. Elek will remain employed with the Company and transition the balance of his responsibilities over his remaining time until his planned retirement early next year.
Effective July 28, 2014, the Company will appoint James H. Nicholson, age 51, as Senior Vice President and Chief Financial Officer of the Company. Prior to joining the Company, Mr. Nicholson most recently served, from October 2013 to July 2014, as a Senior Financial Advisor for F.N.B. Corporation, a financial services company headquartered in Hermitage, Pennsylvania, following FNB's acquisition of PVF Capital Corp. in October 2013. From November 2009 to October 2013, Mr. Nicholson served as Executive Vice President and Chief Financial Officer of PVF Capital Corp., a bank holding company that was headquartered in Solon, Ohio prior to its acquisition by FNB. From 2006 to 2009, Mr. Nicholson served as Regional President and Regional Operating Officer for Huntington National Bank.
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