Penn Liberty Bank of Wayne, Pennsylvania has named Richard Sarfert as chief credit officer and executive vice president.
In his new role, Sarfert will be responsible for the overall credit risk management of the bank.
Sarfert joined Penn Liberty Bank in January 2011 as the senior vice president and senior credit officer.
He has 27 years of experience in the financial services industry focused on commercial lending and credit administration.
Prior to joining Penn Liberty Bank he served as senior vice president of commercial banking Southern Region at National Penn Bank.
Other positions held by Sarfert include manager of Manufacturing Lending Group, regional credit officer, and commercial team leader for Chester County, Pennsylvania.
Penn Liberty Bank is a community bank focused on providing personal, high touch service.