The chief operating officer of Uwharrie Capital Corp. and president and CEO of Uwharrie Bank will retire effective Jan. 2, 2020.

Brendan P. Duffey joined the company in 2004.

“I have been truly blessed and am extremely grateful to have been a part of Uwharrie Capital Corp. and its unique mission. I would like to thank all the customers, associates, directors and shareholders of our company that I’ve had the pleasure of working with over my time at Uwharrie for their trust and support,” said Duffey in a statement

When Duffey retires, Uwharrie Capital CEO Roger Dick will succeed him as CEO of Uwharrie Bank, and will continue to serve as president and CEO of Uwharrie Capital Corp.

“We have had a company succession plan in place for our key officers for several years now,” said Dick in a statement.

David Beaver III will take over as president of Uwharrie Bank and chief risk officer of Uwharrie Capital. He will continue to be CFO of the company and the bank.

Jason Andrew, who is senior vice president of ebanking at Uwharrie, will assume a new position as executive vice president and chief information officer.

Uwharrie Capital is a bank holding company for Uwharrie Bank, a full-service bank subsidiary, and Uwharrie Investment Advisors. Uwharrie Capital and its subsidiaries are committed to supporting the success of counties and communities of the Charlotte Metropolitan and Uwharrie Lakes regions through a full range of financial solutions.

Uwharrie Capital’s stock previously closed at $5.