CANFIELD, Ohio – Farmers National Bank recently announced the promotion of Michael Lipke to senior vice president, chief credit officer.
Lipke joined Farmers in 2021 following the merger with Cortland Bancorp. Most recently, Lipke served as director of commercial credit administration for Farmers, managing a credit team responsible for a loan portfolio of more than $2 billion.
In Lipke’s new role, the bank’s commercial credit, loan operations and special assets departments will report to him.
“As Farmers continues to grow, maintaining our promise of supporting local businesses by delivering capital while preserving our strong credit quality is key,” said Kevin Helmick, president and CEO of Farmers. “Michael’s years of experience as a leader in credit administration make him an asset to our team as we promote and maintain the Farmers credit culture.”
Lipke has more than 25 years of experience in banking and financial services and has served in several credit and commercial team leader roles throughout the region. He holds a bachelor’s degree from Duquesne University and an MBA from the University of Pittsburgh.
“I look forward to leveraging my leadership experience in credit policy and pricing while maintaining the legacy of Farmers’ strong asset quality,” Lipke said. “I have spent the last 10 years in community banking and have seen firsthand the vital role community banks play in fostering local economic growth.”