Recently Daniel F. Whalen was elected as president of Cleveland State Bank/Cleveland State Bancorp, Inc., succeeding R. Calvin Dye, who will remain CEO.
"Calvin is planning his retirement," said Whalen. Dye has been with Cleveland State bank since 1989.
Whalen said as president he would manage the day-to-day operations of the bank while Dye will take on an oversight roll.
"This is a transitioning phase for us," said Whalen, who emphasized that banking operations are not changing and that customer service and community service will remain top priorities.
"We're a community bank; we're not a bank with 20 locations," said Whalen. "The concerns of the community are our concerns and we know its needs."
As a community bank, Whalen said banking regulatory expectations can be demanding and challenging but the bottom line will always be the customer and the community in which they live.
"It's important to give back," he said.
Whalen said he is "very humbled and appreciative of the opportunity the board" has given him in leading Cleveland State Bank and is welcoming of the "learning experience."
Whalen said the employees of Cleveland State Bank are outstanding people and everyone operates on a "team concept."
"You never ask anyone to do what you haven't done or aren't willing to do yourself."
Whalen is a graduate of Mississippi State University where he earned a bachelor of business administration in 1985.
He is also a graduate of the Mississippi School of Banking at the University of Mississippi and the Graduate School of Banking at Louisiana State University.
Whalen brings 26 years of banking experience to his new position.
He joined the lending staff of the Cleveland State Bank in 1995 and has served since 1998 as senior vice president.
Whalen joined the board of directors in 2005.
A native of Coldwater, Whalen is married to the former Tammy Edmonds of Ackerman. The couple has three children, Adam, 24, Andrew, 21, and Ben, 12; the Whalens are members of the First Baptist Church of Cleveland.
Whalen is an active member of the Cleveland-Bolivar County Chamber of Commerce and the Cleveland Rotary Club, where he has served as president and received recognition as a Paul Harris Fellow.
Whalen serves as treasurer of the United Way of Cleveland-Bolivar County, and he also serves as chair of the Presbyterian Day School Board of Trustees.
The election of Whalen marks the board’s continued commitment to the bank and to the community.
Building on a legacy of stability and dedicated leadership, Whalen will be only the sixth president to serve the bank since its incorporation in February 1908.
The CSB Board of Directors includes: H L. Sledge Jr., Chairman, Joseph G. Crews, R. Calvin Dye, William M. Griffith Jr., John R. Howarth, Mark E. Koonce, George A. Steen, and Daniel F. Whalen.