MBT Financial Corp. (NASDAQ: MBTF) recently announced that Donald M. Lieto, Executive Vice President, Continuity & Integration of Acquisitions Director, has retired effective April 28, 2017. The announcement came as Lieto approached completion of his work surrounding acquisitions, which positions MBT to effectively execute on all the activities related to integrating another financial institution.
“Don has had an outstanding career at MBT,” said Doug Chaffin, President and CEO, “and we wish Don, his lovely wife Lorna, and their family all the best in the next chapter of their lives.” Lieto has been employed within the financial services industry for 45 years, with 40 of those years in various positions at MBT. He served as EVP and Senior Administration Manager, responsible for both bank operations and retail banking from 2003 through 2015.
Lieto’s career at Monroe Bank & Trust has taken many turns. In fact, Lieto started as a part-time mail/coin clerk while in high school and over time progressed through several roles with increasing responsibility in departments including Data Processing, Client Services and Retail to name a few. “I find great joy in having worked side-by-side with so many amazing people over the years. In my heart, I will always be part of the MBTeam!” added Lieto. Throughout 2016, Lieto has been actively transitioning much of his former responsibilities to other executive team members, in favor of creating a repeatable and transferable Acquisitions Integration Playbook, in the event the company acquires another institution. “We intend to engage Don as a consultant in the future, should our desire to grow through acquisitions become reality,” commented Mr. Chaffin. “Don’s work to prepare us for this potential growth has been exemplary, and I’m pleased that he will continue to make himself available should the need arise.”
MBT Financial Corp. (NASDAQ: MBTF) a bank holding company headquartered in Monroe, is the parent company of Monroe Bank & Trust (“MBT”).M