Little Valley, N.Y. — Salvatore Marranca, president and CEO of Cattaraugus County Bank (CCB), is pleased to announce that the board of directors has named Michael (Mike) Wimer as president, effective March 17 of this year. Marranca, now 67 years young, has an almost 44-year career in banking and is now in his 32nd year at CCB. He will continue as an active CEO throughout 2014.
Marranca said, “Additionally, I will also continue my role on the bank’s board of directors for many years to come.”
This appointment follows an ongoing management succession planning process and comprehensive search launched by CCB’s board of directors over one year ago. Mr. Wimer brings significant experience as a career banking professional with over 25 years in banking.
Most recently, Mike served as president and CEO, and director of a $300 million rural community bank in central Pennsylvania with seven branches and 80 employees. He was in that executive position of leadership for over 10 years. Prior to being president, Mike received extensive experience in middle market, regional and commercial credits, as well as other forms of lending.
In 1983, he earned a Bachelor of Science degree in Agricultural Economics from Pennsylvania State University. Mike has two adult children in college and is relocating to the Western New York/Southern Tier service area of CCB.
“The board and I have been preparing for a structured and planned succession process for many years. Mike’s experience and people skills make for an excellent fit for CCB as we transition into the future,” stated current CCB president and CEO Salvatore Marranca. “The board and I believe Mike’s abilities will work well to continue CCB’s mission, since 1902, of true independent community banking while serving the ownership stakeholders of CCB. Experience in operations, lending and leadership dovetail into Mike’s new responsibilities at CCB in not only performance, growth and profits, but high employee and customer engagement and retention as well.”
Mr. Wimer said, “This transition and management succession plan will ensure the continuation of CCB’s focus to remain safe, sound and independent. I am impressed with CCB’s history, brand and reputation. I will remain centered on CCB’s culture of relationship banking and hope to maintain CCB’s record of strength, community-based banking and unmatched personal service.”
CCB is an FDIC insured New York State chartered independent, community bank. From Jan. 2, 1902, CCB has established an unprecedented record of fiscal integrity and sound financial growth, which now totals over $185 million in assets. CCB maintains convenient ATMs and more information can be found on the web at www.ccblv.com. CCB is an equal housing lender. CCB’s main office is located in Little Valley, with seven branch offices.