Thomas Murray, president and chief executive officer of Franklin Bank will retire from his post effective March 31, 2020.
The South Jersey financial institution announced Murray’s retirement on Wednesday, along with the appointment of Mark Edwards, currently chief financial officer, as president and CEO designee, to assume the role of permanent executive on April 1, 2020.
According to the bank, Murray has been with the institution for more than 36 years and Edwards for more than 38.
“Tom will continue to serve in the President & CEO role over the next 11 months while Mark continues to embark on an effectively designed CEO executive development plan and will mentor closely with Tom to ensure a seamless transition for Franklin Bank,” Peter Contini, chairman of the bank’s board, said in a press release.
Franklin Bank operates seven offices in Salem, Gloucester, Cape May, Atlantic and Cumberland counties.