Clarkston Financial Corporation, the holding company for Clarkston State Bank and Huron Valley State Bank, promoted J. Grant Smith to the newly-created post of president and elevated James W. Distelrath to chief financial officer.
Smith held dual titles of chief operating officer and chief financial officer while Distelrath was vice-president and corporate controller.
Smith joined Clarkston State Bank in 2001 from New Century Bancorp where he was executive vice-president and chief financial officer.
Distelrath, CPA, joined Clarkston State Bank in November 2004 form Paramount Bank where he was senior vice-president and treasurer.
In making the announcements, Edwin Adler, Chairman and CEO, said, ‘Our Board of Directors heartily endorses the promotion of both of these talented, hard-working professionals. The establishment of an office of president at our holding company is a significant step forward in as much as we intend this to be a pivotal point and springboard for organizational growth.?
Clarkston Financial Corporation is the holding company for Clarkston State Bank and Huron Valley State Bank. Clarkston State Bank opened in January 1999.