After a decade as the institution’s chief executive, Timothy Geelan is relinquishing his title as president of Guilford Savings Bank (GSB) this month, and plans to leave his CEO post next year, bank officials said.
GSB’s board of directors announced this month that it approved Geelan’s succession plan, which includes current Chief Operating Officer Kyle J. Eagleson taking over as president later this month and succeeding Geelan as CEO in March 2025.
Geelan, who has worked at GSB since 1994 and has been president and CEO for 10 years, will stay with the bank on its board of directors, the bank said.
During his tenure, Geelan helped GSB grow from less than $560 million in assets to more than $1 billion, while the company’s employee count increased by almost 205%, the bank said.Â
