First National Bank in Paxton's Rodney Plackett is set to retire as president and cashier Dec. 31, The Ford County Record reported Dec. 26.
He will become vice chairman of the Paxton, Ill.-based bank upon his retirement.
Succeeding him as president of the bank is Justin Swan, who will also be appointed to its board. Both appointments take effect Jan. 1, 2017. Swan became senior vice president and senior lender at the bank in 2013.
The bank is a unit of Agricultural Banking Corp.