Thomas P. Tulaney was appointed president and chief operating officer of Peoples Security Bank & Trust Company and Peoples Financial Services. He also was appointed to the bank’s board of directors. Craig W. Best, former president and CEO, will continue to serve as CEO of Peoples Security Bank & Trust.

“Peoples Security Bank’s board and Mr. Best are pleased to recognize Tom as a leader,” William E. Aubrey II, chairman of the board of Peoples Security Bank & Trust Company, said. “He has played an instrumental role in executing our business strategies, and his leadership and ongoing contributions are key factors in the decision leading to his appointment.”

Tulaney has more than 39 years of banking experience and most recently served as Peoples Security Bank & Trust’s senior executive vice president and chief operating officer. As the bank’s president and COO, he will be responsible for daily operations.

“Peoples Security Bank & Trust is a community leader in the financial industry,” Tulaney said. “I am honored to accept this leadership role and look forward to working with our entire team as we navigate together to ensure the bank remains on a path of continued growth and success.”

Tulaney joined the Peoples Security Bank & Trust’s commercial banking division as executive vice president, chief lending officer in April 2011 after serving as senior executive vice president, commercial sales division manager at another local financial institution. Upon joining the bank, he was responsible for developing new commercial banking business.