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WINSTON-SALEM — Piedmont Federal Savings Bank announced that David P. Barksdale has been named its new chief executive officer effective Sept. 16. Barksdale succeeds Mike Hauser, who has served as interim CEO since the retirement of Ric Wagner in May.

“We are delighted to welcome David as Piedmont Federal’s CEO. With over 30 years of local banking experience, he brings a wealth of experience, energy and knowledge to our bank” said Scott Cawood, Piedmont Federal’s board chair. “He will be a huge asset to Piedmont Federal as we develop strategies to ensure ongoing success.”

Barksdale has an extensive background as a leader in the financial services industry. His roles have included leadership in retail and commercial banking, financial strategy and credit administration. He was the former president and CEO of Carolina Premier Bank in Charlotte. Most recently he worked for First Reliance Bank as the North Carolina president and chief lending officer.

“I am honored to join Piedmont Federal, a 115-year local bank who has an outstanding reputation in our community” stated Barksdale. “I am excited to continue Piedmont’s strong legacy and look forward to ensuring continued growth and success in the years to come.”

Mike Hauser, current interim CEO, will be working with Barksdale during the transition period. “As a 45-year employee of Piedmont Federal, it was very important to me that our bank select a strong leader with Piedmont’s best interest at heart. I am confident that we have that leader in David and that Piedmont will continue to prosper.”