David Barksdale named CEO of Piedmont Federal Bank
Winston-Salem, NC – August 26, 2019 – Piedmont Federal Savings Bank announced that David P. Barksdale has been named its new Chief Executive Officer effective September 16, 2019. Barksdale succeeds Mike Hauser, who has served as interim CEO since the retirement of Ric Wagner in May.
“We are delighted to welcome David as Piedmont Federal’s CEO. With over 30 years of local banking experience, he brings a wealth of experience, energy and knowledge to our bank” said Scott Cawood, Piedmont Federal’s Board Chair. “He will be a huge asset to Piedmont Federal as we develop strategies to ensure ongoing success.”
Barksdale has an extensive background as a leader in the financial services industry. His roles have included leadership in retail and commercial banking, financial strategy and credit administration. He was the former President and CEO of Carolina Premier Bank in Charlotte, NC. Most recently he worked for First Reliance Bank as the North Carolina President and Chief Lending Officer.
“I am honored to join Piedmont Federal, a 115-year local bank who has an outstanding reputation in our community” stated Barksdale. “I am excited to continue Piedmont’s strong legacy and look forward to ensuring continued growth and success in the years to come.”
Mike Hauser, current interim CEO, will be working with Barksdale during the transition period. “As a 45-year employee of Piedmont Federal, it was very important to me that our bank select a strong leader with Piedmont’s best interest at heart. I am confident that we have that leader in David and that Piedmont will continue to prosper.”
For over 120 years, Piedmont Federal Bank has been committed to its purpose of “Opening Doors” for its clients. The bank supports individuals in achieving significant milestones, from homeownership to growing local businesses. As one of the few remaining mutual banks in North Carolina, Piedmont Federal Bank is owned by its depositors, not shareholders, allowing the bank to prioritize the interests of its clients.
Piedmont Federal Bank currently serves nearly 18,000 consumer and business clients and manages $1.3 billion in assets. Headquartered in Winston-Salem, the bank operates 11 branch locations across the Triad, North Wilkesboro, Boone, and Wake Forest, offering a range of personal and business banking solutions. For more information, visit PiedmontFederal.bank.