Madison, Wis.-based Bankers’ Bank recently promoted one employee to an executive role while hiring two more executives.
The $1.1 billion firm promoted Tom Underkofler to senior vice president and chief investment officer; and hired David Murray as senior VP and investment director along with Ed Borchert as the company’s senior VP and chief credit officer.
Underkofler joined Bankers’ Bank in 1996 in the investment department and spent more than 15 years in that area. He has led several teams at Bankers’ Bank, including in investments, finance, wealth management, and, most recently, technology and analytics. He holds an MBA from the University of Wisconsin-Madison and completed the Graduate School of Banking.
Murray’s 24-year career has included roles in financial future sales, global derivative products, and institutional equity sales. Most recently, he spent more than eight years as a senior VP at Pacific Coast Bankers’ Bank. A chartered financial analyst, Murray graduated from the University of Illinois at Champaign-Urbana with an MBA and holds a Bachelors of Finance degree from Benedictine University.
Borchert has spent most of his nearly 30-year career in financial services in community banking in Iowa, Wisconsin and Illinois. Prior to joining Bankers’ Bank, he was senior VP at a Midwest bank holding company. He has been involved in leading credit underwriting and portfolio management work for commercial and agricultural lending. He holds an MBA from the University of Iowa and has a bachelor’s in accounting and management from Loras College.
“Tom is an asset to the Bankers’ Bank team and his promotion reflects his accomplishments at the bank and for the bank’s customers,” said Bankers’ Bank CEO Brad Stamper. “The addition of David and Ed to the team provide the bank with more experience and knowledge to help better support our internal teams and our community bank partners. I’m thrilled to have them at Bankers’ Bank. ”