Michael Steen, who has been president and CEO of The Community Bank, Zanesville, Ohio, for nearly 16 years, announced his retirement.
Steen, who spent his entire career in community banking, will continue to serve on the bank’s holding company board of directors.
While Steen was at the bank’s helm, bank assets grew from $92 million to $423 million and from 39 employees to more than 120. Steen also oversaw the growth from three offices to 10 offices and a charter location change from Crooksville to Zanesville. Over time, the bank’s business niche also changed in focus from mortgage lending to commercial lending, and the bank applied for and received trust powers.
During his career in banking, Steen was presented with the Ohio Bankers League’s 2014 BankPac Shining Star Banker of the Year award for his “exemplary work with both federal and state government on behalf of the Ohio banking industry.” Mike Adelman, OBL president and CEO, said then of Steen, “He has personally been a tireless supporter of the industry’s political efforts, encompassing grassroots leadership as well as financial support. Steen has worked to build solid relationships with all the key elected officials in the bank’s market. The entire industry has reaped the benefits of his work.”
“He cultivated numerous positive relationships with shareholders, customers and our communities during his tenure at The Community Bank,” said CommunityBanc Inc., the bank’s holding company, in a prepared release. “Michael has spent his entire career in the banking industry and has been a strong, outspoken advocate for small business and the financial health of the local community.” The company said one of Steen’s significant accomplishments was “most importantly, positioning the bank for growth by building a strong team with extraordinary leaders.”
Eric Holsky, senior vice president and chief financial officer, was named Steen’s successor. Holsky joined The Community Bank in 2012 after having been at Huntington National Bank for four years. He was promoted to CFO in February 2016. He has an MBA from Ohio University, Athens, and a bachelor’s degree in business from Muskingum University, New Concord, Ohio.