News

April 1, 2025

1st National Bank of Scotia Announces Leadership Shift

1^st National Bank of Scotia today announced the promotion of Robert Dieterich to President & Chief Operating Officer (COO) and the transition of John Buhrmaster to Chief Executive Officer (CEO). These changes reflect the bank’s commitment to strategic growth and operational excellence as it prepares for its next chapter.

After 20 years of combining the roles of President and CEO, Buhrmaster will now focus on providing strategic direction and maintaining relationships with key stakeholders. As CEO, he will guide the bank’s long-term vision, advocate for the bank in the community, and build relationships with regulators, shareholders, and business partners. He will also focus on keeping the bank strong, independent, and connected to the community while adapting to the changing banking environment.

“As we evolve and prepare for the future, it’s crucial that we have the right leadership in place,” Buhrmaster said. “By splitting the roles of President and CEO, we can sharpen our focus on both high-level strategy and operational excellence. Bob’s deep experience and strong community ties make him the ideal choice to run the bank while I focus on building relationships and driving long-term growth.”

In his new role, Dieterich will oversee the bank’s employees, customer relationships, strategy execution and operational efficiency. With a strong track record of leadership and a disciplined approach, honed during his service in the Air National Guard, Dieterich will continue to focus on driving innovation, enhancing customer service, and adapting the bank’s operations to meet the evolving banking landscape.

“I’m truly honored by the trust the board has placed in me,” said Dieterich, who has 32 years of experience at the bank and is a graduate of SUNY Plattsburgh. “With over two decades of executive leadership at the bank, I’m excited to take on this new role. Our commitment to exceptional service remains unwavering, and I look forward to further enhancing operational efficiency and expanding our reach to better serve our customers.”

The leadership changes come as 1st National Bank of Scotia prepares for significant growth, with an ambitious goal of growing by $200 million over the next five years. This reorganization will ensure the bank remains committed to delivering personalized service while adapting to the evolving financial landscape.

“This transition ensures we are better equipped to continue providing the community-focused service our customers have come to expect,” said Buhrmaster. “We’re positioning ourselves for sustainable growth while staying true to our core values.”

To learn more about 1st National Bank of Scotia, visit FirstScotia.com.