Farmers National Bank made a pair of personnel moves in its accounting and finance executive group. The changes were prompted by Carl D. Culp’s decision to retire as Farmers National Bank’s CFO and senior executive vice president, effective Aug. 15. The decision ends Culp’s 36-year career in accounting and the financial services industry, with 32 years dedicated to Farmers National Bank, including the last 25 years as CFO and senior executive vice president. Culp has agreed to provide advisory services for a period of time to his successor.
“First and foremost, the board of directors thank Carl for his years of loyal service. It is difficult for me to express the countless contributions Carl has made over the course of his career to both the stability and extraordinary growth trajectory of our financial institution,” Kevin Helmick, president and CEO of Farmers National Bank, said. “Carl exemplifies Farmers’ culture and has consistently led by example with his stalwart integrity and character.”
In response to Culp’s retirement, Farmers National Bank named Troy Adair executive vice president of finance. Adair was most recently with Premier Bank as senior vice president, treasurer and assistant secretary. Adair has 33 years of experience in banking. Upon Culp’s departure, Adair will assume the CFO role.
Additionally, Farmers National Bank promoted Joseph Sabat, CPA, to vice president and chief accounting officer, effective immediately. Sabat, who has been with Farmers National Bank since 2006, currently holds the role of vice president and controller at Farmers and has 25 years of experience in the accounting, finance and auditing fields.
“The appointments of Adair and Sabat to these key roles reflect Farmers’ pursuit of high performance and exceptional results for our stakeholders,” Helmick said.
