Michael C. Spragg, President and CEO of The Old Fort Banking Company, is pleased to announce that Executive Vice President, Mark B. Malone, has received the Governor’s Reappointment to the State of Ohio’s Banking Commission. Malone will serve a four-year term on the commission which duties includes making recommendations, considerations and assessments to the deputy superintendent for banks and the superintendent of financial institutions on the business of banking. “Old Fort Bank prides itself on employing leaders in the banking industry. Mark’s appointment recognizes his years of dedication, expertise and commitment to the financial services industry and we commend him for this honor at the state level,” stated Michael C. Spragg.
Governor Mike DeWine, with confirmation by the Ohio Senate, has appointed Malone to serve on this eight-member Banking Commission. Qualifications and requirements of the commission members shall be, at the time of appointment, executive officers of state banks, and all of the members appointed to the Commission shall have banking experience as a director or officer of a bank, savings bank, or savings association insured by the Federal Deposit Insurance Corporation, a bank holding company, or a savings and loan holding company. The membership of the commission shall be representative of the banking industry as a whole, including representatives of banks of various asset sizes and ownership structures, as determined by the Governor after consultation with the Superintendent of Financial Institutions.
With 42 years in the banking industry, serving as an officer and executive in various roles Malone joined Old Fort Bank in 2009 as Senior Vice President and Chief Lending Officer. In 2012, he was promoted to Executive Vice President and in 2015 Malone was promoted to EVP, Chief Credit Officer.
A resident of Shawnee Township, Malone is a graduate of Wright State University with a Master of Business Administration in Finance and a graduate of Miami University with a Bachelor of Science in Economics. Mr. Malone has been very active in the community during his career having served in various roles with numerous organizations including President and Executive Committee Member of the Black Swamp Area – Boy Scouts of America, Treasurer of the Visionaries (Allen County Economic Development Group), Board Trustee of the Allen County Regional Transit Authority, President and Investment Chairman of the Apollo Career Center Foundation Board, Member of the St. Rita’s Medical Center Foundation Board, West Central Ohio CDC Executive Board, and President of the Lima Rotary Club Foundation.
Established in 1916, Old Fort Banking Company has assets totaling approximately $830 million. Old Fort is a recognized leader in community banking throughout the area, and prides itself on providing prompt, professional and personal client service. The Old Fort Banking Company proudly serves Allen, Greene, Hancock, Sandusky, Seneca and Wood Counties, with financial centers in Bettsville, Clyde, Findlay, Fostoria, Fremont, Old Fort, Tiffin, Sugarcreek Township and Xenia. The bank also operates a commercial loan production office in Lima. Member FDIC. Equal Housing Lender. NMLS# 631428.« Back to Blog