Frank Joy, Chairman of the Board of the Bradford National Bank, announced today that Douglas Stroud has been promoted to the position of President of the bank, and becomes the bank’s ninth president in its 147 year history.
Stroud joined the bank in October 2011 after a successful career in public accounting with the firm of West & Company in Greenville, where he served as a partner. As Senior Vice President of the bank, he has had responsibilities in operations management, commercial lending, and business development. Stroud has also been a member of the Board of Directors of the bank since 2005.
In making the announcement, Joy explained that this promotion was part of the management succession plan the board had developed over the past several years. Joy will continue leadership of the bank through his role as Chairman of the Board and Chief Executive Officer.
Joy, who has been with the bank since 1973, has served as President since 1993. During his tenure, the bank has grown from $86 million to $250 million in total assets, and expanded into Madison County with locations in Highland and Marine.
Stroud said, “It’s an exciting opportunity to be named President of an institution with the prestige and reputation of Bradford National Bank. I consider it a real honor to serve in a leadership role of an organization that is one of the oldest businesses in central Illinois, that continues to grow and remain financially stable, and with such a rich history of community service.” He continued, “I have a huge amount of respect for my predecessors as President, men and women with names like Bradford, Riedemann and Joy that have served our communities and customers with distinction for 147 years. I will strive to do my very best to carry on the community banking tradition of Bradford National Bank.”
Joy Commented, “I am very pleased to announce this promotion. Our Board of Directors is confident that as President, Doug will continue the tradition of quality community banking that Bradford National Bank has stood for all these years. His excellent leadership abilities, judgment, and integrity will benefit not only our bank, but the communities we serve as a whole.” He concluded, “I look forward to working closely with Doug as we continue to build our organization.”
Joy will remain as Chairman of the Board and President of Bradford Bancorp, Inc., the parent corporation of The Bradford National Bank. With two offices in Greenville, Bradford National Bank is the oldest bank headquartered in Bond County.