Valley Central Bank has announced that Fred DeBiasi, currently Valley Central Bank’s President and Chief Operating Officer, has been named Chief Executive Officer. DeBiasi assumed the new role on January 19, 2021.  

“I am honored to serve as Valley Central Bank’s next CEO. It is a privilege to be part of an organization that delivers high quality banking services to its customers while remaining a positive influence in the community” said DeBiasi. “We are an organization led by a purpose – to make a positive, meaningful impact with our customers and community.”

DeBiasi succeeds Joanna Gaynor, who will officially retire at the end of the second quarter 2021, after having served with distinction as the Bank’s CEO for over 11 years.  Gaynor will manage special projects for the Board of Directors until her retirement.

“I can think of no one better to lead Valley Central Bank. Fred’s experience as CEO of American Savings Bank combined with his 30-year banking career makes Fred the perfect choice to lead Valley,” said Gaynor.

Prior to his role as President, DeBiasi was the CEO of American Savings Bank for 12 years before American merged with Valley Central Bank.  Prior coming to American Savings Bank, DeBiasi was Vice President of commercial lending at First Financial Bank.  DeBiasi was born and raised in Middletown and holds a bachelor’s degree in Accounting from Miami University. He and his wife Amy are parents to six sons and reside in Franklin Township.

Valley Central, MHC is the parent company of Valley Central Bancorp, Inc., which is the parent company of Valley Central Bank. Valley Central, MHC is 100% member owned and the entire Valley Central organization is mutually owned with no shares owned by outside stockholders. Valley Central Bank is a community bank that has been in business since 1884 and operates through its main office in Liberty Township, Ohio, a full-service branch in Reading, Ohio, two full-service branches in Middletown, Ohio and a loan production office located in Montgomery, Ohio.