Logansport Financial Corp. Details CEO Transition

Logansport Financial Corp., the parent of Logansport Savings Bank, announced that its chief executive officer, Arden Cramer, is planning to retire at the end of August. The company’s current executive vice president and chief financial officer, Chad Higgins, will be appointed the new CEO.

The company and Cramer say they have also agreed that he will continue to serve as a board member of Logansport Savings Bank and the bank holding company.

“On behalf of the Board of Directors, we want to thank Arden for his 15 years of service to the Company and we wish him well in his retirement,” said Chairman of the Board Brian Morrill. “We are fortunate to have Chad…waiting in the wings to assume leadership of the Company. We are also fortunate that Arden will continue to serve as a Director so that we can continue to rely on his deep knowledge of the Company and the local banking market.”

Higgins has been the CFO of the company since 2010.