PeoplesBank President Miller to retire in March
Utz is named Miller's successor.
Nearly 45 years after transitioning from a self-described "Maryland farm boy" to the bank business, Larry J. Miller's time as president and CEO of PeoplesBank is coming to a close.
In a press release, the company announced Tuesday that Miller would retire from that role in March. He will still maintain significant involvement, as he'll be named executive chairman of the company's board of directors and will retain his positions of chairman, president and CEO of Codorus Valley Bancorp, the holding company for York County-based PeoplesBank and its subsidiaries.
Miller's retirement will take effect March 8, at which time A. Dwight Utz will take over those roles, according to the release.
Miller, reflecting on his time at the bank, recalled starting as a management trainee in 1971 only after a back injury limited the work he could perform on his family's farm.
"I never would've thought I'd end up working for a bank," he said. "But I was very proficient in math, and it ended up being the best job ever."
Miller was named CEO after just 10 years in the business, he said, but the board decided the then-29-year-old was too young to serve as president, a title that came with a seat on the board. He waited a year to add president to his resume.
During his 35 years in that role, Miller has grown PeoplesBank from $50 million in assets to $1.4 billion, while also expanding into Maryland.
The bank is currently the largest, independent financial institution headquartered in York County, with 24 financial centers in York, Cumberland, Baltimore, Harford and Carroll counties.
Miller said he's most proud of the the nonprofits the bank has been able to assist during his time at the bank because of the value they've added to the community.
Utz is currently serving as executive vice president and chief operating officer at the bank. Upon his promotion, he will also be appointed to a seat on the board of directors, according to the release.
Utz previously served as president and CEO at the former East Carolina Bank and served various roles at MidSouth Bank, PNC Bank and former CCNB Bank.
Miller said he'll stay involved in the bank for at least a year to help finish projects he's started, but he has no doubt Utz will thrive as the new bank head.
As for retirement, Miller said he's looking forward to visiting his granddaughter in New York City and having more time to hunt.
Reach David Weissman at firstname.lastname@example.org.