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Providence Bank announces promotions

Robert Ladd.jpg
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Robert Ladd

David Keul
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From Contributed Reports

Monday, March 20, 2017

Providence Bank President and CEO Ted E. Whitehurst recently announced the promotions of Robert H. Ladd, III and David E. Keul to executive vice presidents.

Ladd received his bachelor’s degree from East Carolina University and has been in banking in this area for the past 30 years. He joined Providence Bank in 2013 as the market executive in the bank’s Tarboro office.

Ladd is currently on the Edgecombe Community College Foundation Board and has previously been on the boards of the United Way and the Science Museum of Wilson. He is a member of Zebulon Baptist Church. He and his wife, Debbie, make their home in Nash County. They have two daughters, Sarah and Rebecca, and one son, Robert.

Keul received his bachelor’s degree in accounting from Belmont Abbey College and is a certified public accountant. He has over 25 years of experience in community banking.

Keul joined Providence Bank in 2015 as the controller and was subsequently promoted to chief financial officer in 2016. Keul is currently on the Harrison Family YMCA Board of Directors and serves on its Finance Committee. He lives in Rocky Mount and has two sons, Nicholas and Patrick.

“The bank is very proud of its accomplishments over the past 11 years. I am excited about these changes as we look to have the right people in place to continue to grow in the future,” Whitehurst said.

Providence Bank has two branches in Rocky Mount, a branch in Tarboro and one in Nashville. As of December 31, 2016, the bank had total assets of $276 million and was given a superior Five-Star rating by Bauer Financial, an independent bank and credit union rating firm.

Providence also received a fourth-place ranking by the Financial Management Consulting Group for overall performance in 2016 when compared to all North Carolina state-chartered financial institutions, which was the third year in a row the Bank was ranked fourth in overall performance.

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