MOUNTAIN GROVE, Mo. (AFX) - James W. Duncan resigned as president and CEO of First Bancshares Inc., the parent company of First Home Savings Bank, the company said Friday.
Chief Lending Officer Daniel Katzfey will succeed Duncan on an interim basis. The company said Duncan will remain a director of the company and the bank.
First Home Savings has 10 branches in south central Missouri, and First Bancshares has $227.1 million in assets.
First Bancshares also said that D. Mitch Ashlock is joining the board of the company and the bank, while R.J. Breidenthal, Jr. will serve as an advisory director to the First Bancshares board. Ashlock is currently president and CEO of First Federal of Olathe Bancorp Inc. in Kansas. Breidenthal has 37 years of banking experience and currently serves as President of First Community Bancshares in Kansas City, Kan.
First Bancshares stock closed flat at $17.40 on the Nasdaq.
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