Financial Services

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Patton Replaces Retiring CEO at Mercer State Bank

June 12, 2019

SANDY LAKE, Pa. – Scott Patton is the new CEO of Mercer County State Bank following the retirement Thursday of Ray J. Kaltenbaugh, who served the bank in various capacities for 50 years.

Patton was named president and chief operating officer in January 2018 when Kaltenbaugh began his transition to retirement. He and his wife, Barb, have three daughters and reside in the Fredonia area.

In announcing Patton’s appointment, the bank’s board of directors said it has been working on Kaltenbaugh’s succession plan for three years and its long-term strategic goals. Under Patton’s direction, the independent community bank opened its 12th branch in Harrisville in December 2018, the board noted, which filled the void of a bigger bank leaving the small community without a financial institution.

Mercer County State Bank was founded in 1911 with the merger of the Sandy Lake Bank, organized in 1873, and the Mercer County Bank, organized in 1893.

Patton graduated from Lakeview High School and Grove City College with a B.S. in finance. He started his banking career with the former National City Bank in Meadville, Pa., and was with Farmers National Bank of Emlenton before coming to Mercer County State Bank. He has more than 16 years of banking experience, five of them with Mercer County State Bank.

Like Kaltenbaugh, Patton is very active in the community and believes in volunteerism. He serves as the vice president of The Great Stoneboro Fair, is active in the Grove City Rotary Club, and is a member of The Maple Lane Farms Charitable Foundation. And he has gone to the Dominican Republic with a medical mission group and provided education opportunities to Haitians working in the sugar cane fields there.

Published by The Business Journal, Youngstown, Ohio.