WILLARDS, MD / ACCESSWIRE / April 26, 2024 / Farmers Bank Of Willards, a cornerstone of community banking in the Delmarva Peninsula, has announced a significant leadership transition plan, signaling both continuity and forward-thinking strategy for the institution. Christopher F. Davis, the current President and CEO, will be retiring effective September 9, 2025, after an impressive 22 years at the helm and 27 years of service on the Board of Directors.
To ensure a smooth and effective transition, Christopher F. Davis will step into the role of Chief Executive Officer (CEO) starting June 1, 2024. In this capacity, he will continue to guide the Farmers Bank of Willards, leveraging his extensive experience and strategic insight to maintain the bank’s trajectory and vision until his retirement. This strategic move underscores the bank’s commitment to stability and a seamless handover of leadership.
Simultaneously, the Board of Directors has named Matthew Davis, the current Chief Strategy Officer, as the incoming President of Farmers Bank of Willards. Matthew Davis, who joined the bank in 2017, brings a robust background and a proven history of success across diverse sectors. His expertise in banking, corporate finance, and technology is considered invaluable as Farmers Bank of Willards aims to continue its growth and innovation within the local market. Matthew Davis will officially assume his role as President on June 1, 2024, working closely with Christopher Davis and the executive team to facilitate a seamless leadership transition.
A Salisbury, MD native and a 2005 graduate of Parkside High School, Matthew Davis holds a M.S. degree in Finance and Accounting from the Calloway School of Business and Accountancy at Wake Forest University. His return to the Eastern Shore in 2017 demonstrates a commitment to the local community, where he currently resides in Millsboro, DE, with his family.
Lois A. Sirman, Chairman of the Board of Directors, expressed strong confidence in the planned transition, stating, “Our institution is exceedingly confident in the capabilities of both Christopher and Matthew to propel our company forward and generate even greater value for our stakeholders. We are enthusiastic about the future and look forward to this new chapter.”
About Farmers Bank of Willards
Founded in 1925, Farmers Bank of Willards has been a dedicated provider of comprehensive banking services for nearly a century. This trusted community bank offers a wide array of consumer and commercial banking solutions, accessible through both its physical branch network and advanced mobile banking platforms. Farmers Bank of Willards operates 7 retail banking locations strategically positioned within the lower Delmarva Peninsula, encompassing Wicomico and Worcester Counties in Maryland, and Sussex County in Delaware. This local focus allows Farmers Bank of Willards to deeply understand and serve the financial needs of its community.
Contact:
Christopher F. Davis, President and Chief Executive Officer
410-835-2482, fbwbank.com
SOURCE: Farmers Bank of Willards
