On Wednesday KS Bancorp (OTCMKTS:KSBI), the holding company of KS Bank Inc, came into focus and on to the news cycle after the board of directors of the company made an announcement with regards to the slew of leadership transitions that it had affected.
On Wednesday, KSBI stock ended flat at $47.80 with more than 10 shares, compared to its average volume of 75 shares. The stock moved within a range of $47.80 – 47.80 after opening trading at $48.48.
KS Bancorp, Inc. Announces Executive Leadership Change, Appoints New President and CEO
The transitions had gone into effect on May 19, 2023. The biggest announcement was the appointment of a new Chief Executive Officer and President in the form of Earl S Worley Jr. It should be noted that Worley currently serves as the President and Chief Executive Officer of KS Bank. In this regard, it should also be noted that he is a highly experienced banking management experience and that experience spans over a period of 31 years.
He served in his currently role at KS Bank since January last year. Prior to assuming that position at KS Bank, he had served as the Chief Operating Officer of the bank from 2010 through to 2022. Hence, it could be said that Worley is intimately aware of the operations of the bank and could prove to be a worthy appointment. He has been with KS Bank since as far long back as 1992.