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Passumpsic Savings Bank to have new CEO before 2016-end

St. Johnsbury, Vt.-based Passumpsic Savings Bank appointed James Kisch to replacePeter Crosby as president and CEO, VermontBusiness Magazine reported Oct. 11, citing the bank's board of trustees.

Kisch joined the PassumpsicBancorp unit Oct. 11 and is set to take on the CEO role before theend of 2016. He co-founded and served as chief strategy and information officerfor New Haven, Conn.-based cloud computing software company Continuity.

Crosby announced in April his intention to .