Republic Bank & Trust Co. in Louisville, Kentucky, will soon promote its president, Logan Pichel, to the CEO office.
The $ 6.2-billion asset bank said Wednesday that, as part of a previously telegraphed succession plan, Pichel will add the title of CEO on Oct. 1, succeeding Steve Trager.
Pichel was also elected to the bank’s board, as well as the board of its parent company, Republic Bancorp.
Trager will transition from the role of board chairman and CEO of the bank to the position of executive chair. He will remain CEO of the bank’s parent company and continue to lead its board.
Logan Pichel, president of Republic Bank & Trust, will also be its CEO starting Oct. 1.
The company said in a press release that the changes were designed to ensure a smooth transition of leadership.
“Logan’s leadership and influence has enhanced every aspect of the bank’s culture and operations since joining the Republic team as president 15 months ago,” Trager said. “I am excited for the next phase in the growth of the Republic as I continue to work closely with him in his new role, and with senior management. “
Pichel joined Republic in 2020 from Regions Financial in Birmingham, Alabama, where he led corporate development, financial planning and analysis, and mergers and acquisitions.