John L. Richards, executive vice president and chief operating officer of Olympus Bank, 115 S. Main, a federal savings bank, has been promoted to president by the company's board of directors.

A. Blaine Huntsman will continue as president and chairman of the board of Olympus Capital Corp., parent company of the bank."Mr. Richards has demonstrated strong leadership qualities, and his promotion is an important step in the evolution of the bank. As the bank continues to broaden its branch network and product base, as well as enhancing its operating systems, Mr. Richards' leadership will become increasingly important," Huntsman said.

Richards has worked in the banking industry for 14 years.