SALEM – December 15, 2022. Mid-Southern Bancorp, Inc. (“Company”) (Nasdaq:MSVB), the holding company for Mid-Southern Savings Bank, FSB (“Bank”), announced today that the company’s Board of Directors has approved an increase in the number of members of the Board of Directors from seven to eight and have appointed James (Jimmy) O. King, III to the Board of Directors.
Similar action was taken to add Mr. King to the Board of Directors of the Bank. The Company’s Corporate Governance and Nominating Committee proposed, and the Board of Directors ratified and approved, the increase in the number of directors of the Corporation from seven to eight and the appointment of Mr. King to the Board of Directors.
The appointment of Mr. King to the Company’s Board of Directors is effective December 14, 2022, for a term of office to expire at the Company’s 2024 Annual Meeting.
Mr. King joined the Bank as its Executive Vice President and Senior Loan Officer in October 2021. He began his career at King Southern Bank of Chaplin, Kentucky in 1994. Through the years Mr. King held various positions as he advanced to the position of President and CEO of King Southern Bank and its holding company, King Bancorp, Inc. King Bancorp, Inc. was acquired by a Louisville, Kentucky-based regional bank in 2019.
Mid-Southern Bancorp Chairman of the Board, Dana J. Dunbar, commented “We are pleased to welcome Mr. King and know he will be a valuable addition to our Boards of Directors. Jimmy’s knowledge and extensive background in community banking will help further our mission in the markets we serve.”
About the Company
Mid-Southern Bancorp, Inc. is the parent of Mid-Southern Savings Bank, FSB. The Bank is a federally chartered savings bank headquartered in Salem, Indiana, approximately 40 miles northwest of Louisville, Kentucky. The Bank conducts business from its main office in Salem and through its branch offices located in Mitchell and Orleans, Indiana, and loan production offices located in New Albany, Indiana, and Louisville, Kentucky.
