Bank of Monroe president to retire after 69 years of service - WOWK 13 Charleston, Huntington WV News, Weather, Sports

Bank of Monroe president to retire after 64 years of service

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Ralph Mann is retiring as president and chairman of the Bank of Monroe after 32 years in that job and 69 total years of service to the company.

His retirement is effective Oct. 30.

James L. King, currently the bank's vice president and loan officer, will assume the role of president and CEO.

Mann, 94, has been the bank's president and chairman since 1981. After serving in the Navy in World War II, he joined the bank in 1949 as an assistant cashier. In 2006, he was named banker of the year by the West Virginia Bankers Association.

"I am grateful to have spent nearly 65 years with this great bank, serving the citizens of southeastern West Virginia, and am deeply honored to have had the opportunity to lead it for the last 32," Mann said in a news release announcing his retirement. "I am very proud of what we have accomplished together during years of both successes and challenges.

"I am now looking forward passing the torch to Mr. King. With his decisive guidance, personal style, and extensive experience, I am confident about the direction the bank will go under his leadership."

King has 24 years of banking experience, has held various management positions at other financial institutions and was most recently a bank examiner with the West Virginia Division of Financial Institutions before joining the Bank of Monroe in February 2013.

"I am humbled and excited by this opportunity to lead The Bank of Monroe, particularly during a time of profound opportunity," King said. "I am honored to be chosen to follow in the footsteps of Mr. Mann and will work diligently to maintain the community banking philosophy that has made The Bank of Monroe a success."

The Bank of Monroe is based in Union. It has $124 million in assets and operates offices in Union and Lewisburg.