On January 13, 2016, the Board of Directors of DNB Financial Corporation and DNB First, National Association appointed Director James H. Thornton as interim Chairperson. In addition, the Board of Directors appointed William J. Hieb, Director, President and Chief Risk & Credit Officer to serve as the company's interim Chief Executive Officer. Mr. Thornton has been a Director since 1995.

He is presently Chairman of the Audit Committee and the Benefits & Compensation Committee and serves on the Executive Committee. Mr. Thornton is the President of Thornton Consulting. From December 2006 to December 2008, Mr. Thornton was the CEO of John Dempsey Hospital of the University of Connecticut Health Center and was the Interim Chief Operating Officer of the Connecticut Children's Medical Center from December 2005 to December 2006.

Mr. Hieb has over 37 years of commercial banking experience involving lending, credit administration and wealth management. Mr. Hieb has been a Director of the Corporation since 2005 and a Director of the Bank since 2004. Mr. Hieb has served as President and Chief Risk & Credit Officer of the Corporation and the Bank since April 2011.

Prior to that, Mr. Hieb served as President and Chief Operating Officer of the Corporation and the Bank since January 2005. Mr. Hieb is presently Chairman of the Wealth Management Committee and a member of the Board Loan Committee. On January 13, 2016, the Board of Directors elected Mary D. Latoff as director of DNB Financial Corporation and DNB First, National Association.

Ms. Latoff will serve in the class of directors whose term expires in 2016. Ms. Latoff is a former financial officer for Chester County's Department of Human Services and has held various positions with the Chester County Youth Center.