Solon, OH., USA - July 31, 2009, Solon, OH., USA - PVF Capital Corp. announced the appointment of Robert J. King, Jr. as president and CEO of the Company and its wholly owned subsidiary, Park View Federal Savings Bank and add two new board members.
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Mr. King has more than 30 years of banking experience, most recently as senior managing director of FSI Group, LLC, a private equity operation focused on investing in the financial sector. Mr. King joined Fifth Third Bank in 1975. During his tenure with the Cincinnati-based company, he served as vice president of Institutional Asset Administration, director of marketing, commercial lending officer, customer service manager and marketing research specialist.
In 1989, he joined Fifth Third Bank (Northeastern Ohio) as an executive vice president and was promoted to president and chief executive officer the following year. In 1997, Fifth Third's board of directors appointed Mr. King chairman of Fifth Third Bank (Northeastern Ohio), a position he held until his retirement in 2004. He also was an executive vice president of Fifth Third Bancorp and regional president of Fifth Third affiliates in Toledo, Dayton, Columbus and southern Ohio.
Mr. King succeeds Marty E. Adams, who has been serving as interim chief executive of the Company and Bank since March 4. Mr. Adams will join the board of directors for the Company and the Bank, and will become chairman of the newly created capital committee on the Company's board. Mr. Adams will stand for re-election to both boards at the 2009 annual meeting of shareholders.
Thomas J. Smith, vice president and chief financial officer of Energy West, will join the board of the Company. Mr. Smith's term on the board will extend until the 2010 annual meeting of shareholders. ■
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