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First Federal Bank of the Midwest coming to Columbus with local banker David Dygert at helm

Feb 18, 2014

Email  |  Google+  |  Twitter  |  LinkedIn David Dygert has stepped down as executive vice president at Farmers Citizens Bank to lead First Defiance Financial Corp.’s entry to Central Ohio. The former Huntington Bancshares Inc. and Bank One Corp. executive will help First Defiance launch commercial lending operations in the market under its First Federal Bank of the Midwest banner. It’s unclear whether First Defiance (NASDAQ:FDEF) has added a local office to its network of 32 branches in northwest Ohio, southeast Michigan and northeast Indiana. Executives at the $2 billion-asset bank declined to comment. Dygert most recently served as executive vice president and chief lending officer for Farmers Citizens Bank, having introduced the Bucyrus-based lender to Central Ohio in 2006. Farmers Citizens was acquired last fall by Pennsylvania’s CNB Financial Corp. Longtime Farmers Citizens CEO Coleman Clougherty said this month he will step down from the bank , which is now branded FCBank, a division of Clearfield, Pa.-based CNB (NASDAQ:CCNE). Under Dygert’s watch, Farmers Citizens generated $71 million in loan volume in 2012, 11th-most in Central Ohio . Dygert was a vice president with Huntington (NASDAQ:HBAN) from 1997 to 1999 and prior to that spent six years with Bank One prior to its purchase by JPMorgan Chase & Co. (NYSE:JPM). Evan Weese covers funding and capital for Columbus Business First. Industries:

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