J. Todd Troxell announced as bank CEO
Posted on December 22, 2021 in Business
The Northumberland National Bank announced on Wednesday, December 22 that J. Todd Troxell, the bank's current president and COO, will be named president and CEO starting January 1, 2022.
The move is part of a planned succession, and Troxell also currently serves on the bank’s board of directors.
J. Donald Steele, Jr. — Northumberland National Bank’s chair and CEO — will continue to serve as chairman of both the boards of directors of the bank and the holding company, after Troxell becomes bank CEO.
Executive Vice President and Chief Administrative Officer Mark Ritter notes that "these changes are designed to ensure a smooth transition — continuity of leadership for our valued employees, a continued emphasis on building and maintaining strong relationships with our customers, solid financial performance for shareholders and a legacy of independent banking and commitment to the Susquehanna Valley communities that we serve.”
Troxell, a lifelong resident of the Selinsgrove area, graduated from Susquehanna University with a degree in business administration and financial management, also earning an MBA from Bloomsburg University. Troxell is a graduate of the Central Atlantic School of Commercial Lending and the American Bankers Association Stonier School of Banking, and he successfully completed the Wharton Leadership Program at the University of Pennsylvania in Philadelphia.
Troxell started in community banking 1991 and joined Norry Bank in 1998, opening the bank’s first branch office. He was promoted to bank vice president and branch administrator in 2002, overseeing newly opened branches throughout the Susquehanna Valley.
In 2008, Troxell became senior vice president of lending and loan administration. In 2015 he was named executive vice president and chief operating officer of the bank, and in 2020 Troxell became bank president and chief operating officer with leadership responsibilities for strategic initiatives, operations, and continued growth of the bank.
Asked about his banking philosophy, Troxell shares, “I’ve always thought that a local, independent bank is the type of bank that really helps the community they serve, and that’s the kind of work that I want to do. I’m proud that Norry Bank is committed to remaining independent, and I think it’s crucial for folks in our community to have access to local decision-making and flexibility in lending. We’re able to help our customers, support small businesses, and give back through our work with area non-profits because our customers are our neighbors. We don’t have to have a one-size-fits all approach because we know the people walking through our doors every day, and we can do business with them in ways that work for us both. There’s so much value in the work of community banking, and I’m proud to continue the legacy that Don Steele and his family built with Northumberland National Bank.
“I also love the fact that as Norry Bank has grown, many of the people who have joined our team are people I have worked with in the past, and who share the same enthusiastic commitment to being a financial partner for the residents and businesses of the communities we serve.”