Chris graduated from the University of Notre Dame, holds an MBA from Harvard and a juris doctorate from the University of Virginia. He led the bank for 52 years, during which time it grew from $220 million in assets with nine banking centers to $9.1 billion with 78 locations. Murphy was named a Sagamore of the Wabash in 2004 and 2024, and a member of the 2025 class of IBA’s Leaders in Banking Excellence.

The all-cash deal is valued at $40 million.

Reading Time: 4 minutesCommunity banks are the backbone of local economies, and the regulatory environment that governs them is undergoing significant change.

North Salem State Bank appointed Jeff Joyce, its chief financial officer, to its board of directors effective January 1, 2026.

Reading Time: 4 minutesMarket adjustments, counteroffers and off-cycle raises, while well-intentioned and driven by legitimate business needs, pose a common, source of employment litigation risk.