August 3, 2009 (FinancialWire) — PVF Capital Corp. (NASDAQ: PVFC) announced the appointment of Robert J. King, Jr. as president and chief executive officer of the company and its wholly owned subsidiary, Park View Federal Savings Bank.

King, the former president and chief executive officer of Fifth Third Bank (Northeastern Ohio), a unit of Fifth Third Bancorp, succeeds Marty E. Adams, who has been serving as interim chief executive of the company and Bank since March 4.

“Bob’s wide-ranging experience is most impressive. He has done pretty much everything in the banking field and has a track record of significant success that few can match,” said Mark D. Grossi, chairman of the board of the company and the Bank. “The board wants to thank Marty Adams for making great progress in an extremely tough environment.”

Adams will join the board of directors for the company and the Bank, and will become chairman of the newly created capital committee on the company’s board. Adams will stand for re-election to both boards at the 2009 annual meeting of shareholders.

“Park View Federal is a good franchise with good people and has a bright future with Bob King at the helm,” said Adams. “We’re looking forward to having Bob lead Park View Federal to the next level, and realize its full potential as a profitable and dynamic community bank.”

King has more than 30 years of banking experience, most recently as senior managing director of FSI Group, LLC, a private equity operation focused on investing in the financial sector. King joined Fifth Third Bank in 1975. During his tenure with the Cincinnati-based company, he served as vice president of Institutional Asset Administration, director of marketing, commercial lending officer, customer service manager and marketing research specialist. In 1989, he joined Fifth Third Bank (Northeastern Ohio) as an executive vice president and was promoted to president and chief executive officer the following year. In 1997, Fifth Third’s board of directors appointed King chairman of Fifth Third Bank (Northeastern Ohio), a position he held until his retirement in 2004. He also was an executive vice president of Fifth Third Bancorp and regional president of Fifth Third affiliates in Toledo, Dayton, Columbus and southern Ohio.

“We have the critical elements in place to make Park View Federal Savings Bank a more competitive force: a well-respected banking name and an attractive footprint in Northeast Ohio,” said King. “I look forward to working with my new colleagues to aggressively serve the needs of our customers, including making residential loans, a long-time strength of the bank.”

PVF also announced:

 * Thomas J. Smith, vice president and chief financial officer of

  Energy West, will join the board of the company. Smith will fill a

  seat as a representative of Richard M. Osborne as part of a

  previously announced agreement entered into last September with

  Osborne. Osborne resigned his position on the board in January.

  Smith’s term on the board will extend until the 2010 annual meeting

  of shareholders.

 * The company plans to expand its board of directors to 12 from 10,

  pending regulatory approval, to accommodate the additions of Adams

  and Smith.

 * John R. Male retired July 27 from his position as president of the

  company’s wholly owned subsidiary, PVF Service Corp.. Male

  will remain a member of the board of the company and the Bank.

The appointments of King, Adams and Smith are subject to regulatory approval.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.