Ron Duffey, the only president and CEO that Peachtree National Bank has ever known, will relinquish his title next year but remain involved as the bank's chairman of the board.
Duffey, who's about to turn 64, said he wants to devote more time to his grandchildren, traveling with his wife, Lynn, riding his Harley-Davidson motorcycle and raising his orchids.
A successor to Duffey's position of President and CEO will be announced soon, he said. Duffey said Tuesday that he plans to stay on in a part-time capacity after relinquishing his current title Jan. 1.
The retirement is not connected with the current legal dispute with Peachtree City officials over whether the city is responsible for repaying over $1 million in loans to the city's Development Authority which helped finance the city's tennis center and amphitheater.
"No, that didn't have anything to do with it," Duffey said. "It's got something to do with being old."
Duffey, who was recruited from his only other banking position in Newnan, has been the bank's president and CEO since its inception in 1985. Since then, Peachtree City has experienced tremendous growth, and the bank has had success along with it.
Part of that success has to do with being involved in community efforts, and Duffey has been involved in a number of groups including the board of trustees for Fayette Community Hospital, the board of trustees for Clayton College and State University Foundation and other business groups.
"I take that very seriously," Duffey said. "I believe we bankers have to give
Easy button Return it to long suffering taxpayers including those who have paid huge tabs to educate other people's kids…