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Kit Stolen appointed new president, CEO of Providence Bank

Saturday, January 7, 2012 | 2:38 p.m. CST; updated 4:58 p.m. CST, Saturday, January 7, 2012

COLUMBIA — Alvin T. "Kit" Stolen III was appointed Wednesday as the president and CEO of Providence Bank.

Stolen, 56, was selected after a nationwide search. He said he has had the "good fortune" of 34 years of experience in banking institutions.

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Stolen received a bachelor's degree from Indiana University in 1978 and an MBA from the University of Dayton.

Stolen spent 24 years working in management positions with Bank One and was named president of Bank One in Lexington, Ky., in 1993, according to a Providence Bank news release. His most recent position was president and chief operating officer of Salin Bank and Trust Company of Indianapolis.

Stolen is enthusiastic about his new position with the Columbia-based bank. He said it was a "bit of a dream position."

He said his plans include "expanding organically" and potentially acquiring more assets for the bank.

"Providence Bank is very well capitalized with solid banking services delivered by a talented and mature team of bankers," Stolen said in the news release. "These are assets upon which we can build, and I'm extremely proud to be part of the team that will make it happen."


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