The Delaware County Bank and Trust Company Appoints Torchio as Senior Vice President of Residential and Consumer Lending

LEWIS CENTER, Ohio, July 22, 2015 /PRNewswire/ -- The Delaware County Bank and Trust Company (the "Bank") announced the hiring of Louis Torchio as Senior Vice President of Residential and Consumer Lending. Torchio is a seasoned mortgage banker, with more than 30 years of experience building and managing mortgage banking operations. Torchio was most recently Executive Vice President of Residential Lending with Farmers Citizens Bank, where he developed a new mortgage banking operation and managed all aspects the mortgage lending business. He also served in senior officer positions for Charter One Bank, Bank One and Mellon Bank. While at Charter One, Torchio was responsible for managing a $15 billion residential and consumer loan portfolio with annual originations that exceeded $7 billion.

Ronald J. Seiffert, President and CEO of the Bank, said, "The hiring of Lou Torchio marks an important event in the execution of our strategic plan to significantly expand our residential mortgage operations in Central Ohio.  We view a strong mortgage banking function as an important component of our overall strategic objectives for expanding our franchise in the Central Ohio market and enhancing the profitability of Delaware County Bank."

Seiffert continued, "Our ability to recruit a banker with Lou's experience and connections in the residential mortgage market is a testament to the significant progress we have made over the past two years in building the Bank into a premier community bank franchise in Central Ohio. We are excited at the opportunity we have in front of us, under Lou's leadership, to build a strong mortgage banking operation that meets the financing needs of individuals and families in Central Ohio."   

About The Delaware County Bank and Trust Company    

The Delaware County Bank and Trust Company is a state-chartered commercial bank that conducts business from its main offices at 110 Riverbend Avenue in Lewis Center, Ohio, and through its 14 branch offices located in Central Ohio. The Bank provides customary retail and commercial banking and cash management services to its customers, including checking and savings accounts, time deposits, IRAs, safe deposit facilities, personal loans, commercial loans, commercial leases, real estate mortgage loans, night depository facilities and trust and personalized wealth management services. DCB Financial Corp (OTCQB: DCBF) is the parent company of The Delaware County Bank & Trust Company,

SOURCE The Delaware County Bank and Trust Company

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