York Traditions Bank CEO retiring
- York Traditions Bank CEO and co-founder Michael Kochenour will retire at end of 2016.
- Current President Eugene Draganosky will take over CEO role at beginning of 2017.
- Kochenour will stay on in advisory role through 2017 and retain position as board chairman.
York Traditions Bank will have a new CEO starting next year, according to a company press release.
The York Township-based bank told its employees on Tuesday that co-founder Michael Kochenour would retire from his CEO position, which he's held since the bank's inception in 2002, at the end of 2016. Eugene Draganosky, who was named president in April 2015, will take over beginning Jan. 1, 2017.
Kochenour, 63, said the bank is preparing for the next decade, and he felt now was the time to take a step back. He will serve the bank in an advisory capacity during 2017 and remain the board chairman indefinitely, he said.
John Blecher, the other co-founder, is still the bank's CFO and COO.
Kochenour, who is in his 45th year in the banking industry, said it was a great privilege to start a bank in his hometown. Starting with 13 associates in 2002, York Traditions now has 110 associates and nearly $375 million in assets.
Kochenour said he's most proud of the bank staying true to its core values in serving the local community, positively impacting the local economy and surviving the Great Recession to remain profitable for 10 years running.
Though he will remain active with the bank, he said he's looking forward to spending more time with his family and continuing his community involvement in retirement — and maybe a few extra rounds of golf.
Draganosky, who's been in the banking industry more than 30 years, joined York Traditions in 2008, and Kochenour said he has expanded his role in the bank multiple times during those eight years.
"He's got excellent leadership skills, loves community banking and brings continuity," Kochenour said of his 52-year-old successor. "He will help us be better prepared in the years ahead."
York Traditions is the second local bank to announce a leadership succession plan this year.
Former PeoplesBank President and CEO Larry Miller retired in March and was followed by A. Dwight Utz.