NEW CASTLE, Ind.--(BUSINESS WIRE)--
Jerome J. Gassen, President and Chief Executive Officer of Ameriana
Bancorp (NASDAQ: ASBI), the holding company for Ameriana Bank, today
announced that Timothy G. Clark has been named the Bank's Executive Vice
President - Chief Risk Officer. He will report to Gassen and Charles M.
(Kim) Drackett, Jr., Chairman of the Audit Committee.
In this newly created position, Clark will be responsible for the
development of innovative and effective risk management solutions to
measure, monitor and support Ameriana's Enterprise Risk Management
program. He also will create the appropriate scope and standards in the
Company's risk profile, identify the risks, establish risk tolerances
and develop risk response strategies and actions.
Clark will supervise the Risk Management team, including the compliance
staff, audit team and loan review. He also will direct the activities of
Ameriana Bank's two subsidiaries: Ameriana Financial Service and
Gassen noted, "Due to the ever-changing demands and scope of bank
regulations, I am pleased that Tim will lead our risk management team
and strengthen our enterprise risk management. Tim's experience and
leadership will serve us well as the financial services operating and
regulatory environment continues to evolve."
Clark has served in his current position with the Bank as Executive Vice
President and Chief Operating Officer since 1997. He is a 40-year
veteran of community banking in Indiana. Clark previously held the
position of Regional Executive and Area President at National City Bank
of Indiana in Seymour, Indiana, for five years and before that held
senior management positions with Central National Bank in Greencastle,
Indiana, for five years and Hancock Bank & Trust in Greenfield, Indiana,
for 13 years. He is active in numerous community organizations and
currently serves on the Board of Trustees for Hancock Regional Hospital
in Greenfield, Indiana, and the Board of Hancock County Community
Foundation. He received a bachelor's degree from Ball State University,
Muncie, Indiana, and completed the University of Wisconsin'sGraduate
School of Banking.
Ameriana Bancorp is a bank holding company. Through its wholly owned
subsidiary, Ameriana Bank, the Company offers an extensive line of
banking services and provides a range of investments and securities
products through banking centers in the central Indiana area. Ameriana
owns Ameriana Insurance Agency, a full-service insurance agency, and
Ameriana Financial Services, which offers securities and insurance
products through LPL Financial (Member FINRA/SIPC).
Ameriana BancorpJerome J. Gassen, 765-529-2230President
and Chief Executive Officer
Source: Ameriana Bancorp