SOMERVILLE — Somerville National Bank recently announced the promotion of three of its bank officers, Paul Taylor, David Ulrich, and Beverly Kolb.
Taylor has been promoted to the position of President and Chief Executive Officer. He has previously served in the positions of Compliance Officer, Vice President of Compliance and Finance, President, and has served the bank on its Board of Directors since 2007. Taylor has 35 years experience in the banking industry with the last 23 being at Somerville National Bank. During his career, his main areas of expertise included accounting, auditing, personnel administration, and operations. Taylor is a lifelong resident of Preble County and is a member of the Hamilton Christian Center church, where he has served as a trustee and on the Elders Board.
Ulrich has been promoted to the position of Senior Vice President and Chief Lending Officer. He has previously served Somerville National Bank in the capacity of Vice President in the Loan Department. Ulrich has been in the banking industry 13 years and with Somerville National Bank during the last seven. His added duties include the overall managing and directing of the bank’s lending activities. Ulrich has a Master of Business Administration in Finance degree from Miami University and a Bachelor of Science, Business Administration with a major in finance from Bowling Green State University.
Kolb has been promoted to the position of Compliance Officer at Somerville National Bank. Before accepting this specialized appointment, she served the bank as its internal auditor. During Kolb’s 30-year banking career, she has held and been promoted to positions of increasing responsibility and has earned recognition for a “Best Practices” business model, according to bank officials. She has been with Somerville National Bank since 2010. Throughout her career she has academically pursued knowledge in the areas of accounting, auditing, and management and this year earned Certified Regulatory Compliance Manager certification.
SNB thanked the three individuals for their dedication to the banking industry and for their contributions to the bank. The 106-year-old bank has offices in Somerville, Camden, Eaton, Hamilton and Oxford and has a mortgage center in Richmond, Indiana.