The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
Peoples Bancorp reported that David F. Dierker has joined its Board of Directors.
According to a release from the Company, Dierker also joins the Board of Directors of the company's main subsidiary, Peoples Bank, National Association. Dierker, 56, is the former Chief Administrative Officer of SunTrust Banks, Inc. ("SunTrust"), a $175 billion financial services company headquartered in Atlanta, Georgia. He retired from SunTrust in 2013.
"We are delighted to have Dave join our board," said Richard Ferguson, Peoples' Chairman. "His knowledge and experience from over 30 years in banking will be of tremendous value to us."
Chuck Sulerzyski, President and Chief Executive Officer for Peoples, said that he too is pleased with Dierker's election. "Dave has successfully grappled with the more difficult issues and challenges facing our industry today, including regulatory reform, enterprise risk management, expense control, revenue growth, vendor management, information security and cyber threats. Peoples will benefit greatly from Dave's insight and perspective in those areas. I'm thrilled to have him join us."
Dierker served as Chief Administrative Officer of SunTrust from 1996-2013, where he reported to the Chief Executive Officer and directed a variety of corporate functions, including human resources, internal audit, business strategy, supplier management, corporate real estate, regulatory reform and corporate communications. A graduate of The Ohio State University, he began his career in 1980 with Bank One Corp., where he worked in a variety of roles over 15 years in the Columbus and Cincinnati markets. Dierker also has experience running a community bank, having served as Chief Executive Officer and President of Continental Bank of New Jersey, a $200 million bank located in Mt. Laurel, New Jersey, during the 1990s.
Peoples Bancorp is a financial services holding company.
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