Ameriana Bancorp, the holding company for Ameriana Bank has appointed Timothy Clark to the newly created position of chief risk officer. He also will continue to serve in his current position as executive vice president, a role he has held since 1997.

In his new role as chief risk officer, Clark will be responsible for the development of risk management solutions for the company's enterprise risk management program. He also will create the appropriate scope and standards in the company's risk profile, establish risk tolerance and develop response strategies and actions. He will supervise the risk management team, including the compliance staff, audit team and loan review. Additionally, he will direct activities of Ameriana Bank's subsidiaries, Ameriana Financial Service and Ameriana Insurance.

Prior to joining Ameriana Bancorp, Clark served as regional executive and area president for five years at National City Bank of Indiana. He also held senior management positions with Central National Bank for five years, and Hancock Bank & Trust for 13 years.