Portage Community Bank Announces Untimely Passing of Longtime Executive

RAVENNA, Ohio, July 24, 2025 /PRNewswire/ -- Portage Community Bank ("PCB"), the wholly-owned bank subsidiary of Portage Bancshares, Inc. ("PBI"), announces with profound sadness, the passing of Donald D. "Don" Herman, Executive Vice President and Chief Financial Officer ("CFO"). Mr. Herman passed away on the evening of Thursday, July 3, 2025.

Mr. Herman joined PCB in 1999 as the bank's senior financial officer and had been promoted to CFO in 2009. Mr. Herman had performed an instrumental role in the bank's growth, stability, and financial stewardship during his career at PCB. A respected leader, trusted advisor, and deeply valued colleague, Don was admired not only for his financial insight, but for his unwavering integrity, compassion, and steady presence.

"We are deeply saddened by the passing of our longtime colleague and dear friend," said Connie M. Bennett, Chief Executive Officer ("CEO"). "Don's business acumen, strategy formulation, skills, inquisitive nature and creative thinking were invaluable to us. He had an ability to motivate others to do their best. We will miss him enormously."

Under Don's leadership, PCB navigated complex financial environments and achieved record growth, while remaining true to its community-focused mission as "Neighbors Serving Neighbors." Beyond the walls of the bank, Don was a devoted family man and is survived by his wife, Delinda, daughter Emma, stepson Boston Walden, and many extended family members, friends, and colleagues who will forever cherish his memory.

As PCB begins the process of identifying a permanent successor, PCB's Executive Vice President and Chief Operating Officer, Robert S. Standardi, has assumed the responsibilities of Chief Financial Officer on an interim basis. The Board of Directors and executive leadership team are committed to ensuring a smooth transition while honoring Don's remarkable contributions.

"Our thoughts and prayers are with Don's family during this incredibly difficult time," added Connie Bennett, CEO. "We have lost not just a CFO, but a true friend and extraordinary human being."

For media inquiries, please contact:
Connie M. Bennett
Chief Executive Officer
Portage Community Bank
(330) 296-8090

About Portage Community Bank
Portage Community Bank is dedicated to providing commercial and personal banking solutions and fostering growth within our communities, embodying the philosophy of "Neighbors Serving Neighbors." With a focus on customer service and community engagement, we strive to meet the financial needs of our customers while contributing to the economic vitality of our community. Portage Community Bank is an equal housing lender and member FDIC. More information about Portage Community Bank can be found on PCB's website at www.PortageCommunity.Bank.

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SOURCE Portage Community Bank