Minneapolis Fed appoints new board members
Jeanne Crain and Sarah Walsh have been elected to the Federal Reserve Bank of Minneapolis’ board of directors for terms beginning January 1, 2019. [Continue]
SHAZAM names new chair
Kevin Swalley, chairman and CEO of GNB Bank, Grundy Center, Iowa, was elected chair of the SHAZAM, Inc., board of directors. [Continue]
First Business announces chair succession plan
First Business Financial Services, Inc., of Madison, Wis., announced that Chair Jerry Smith will retire from its board of directors on Oct. 26. Gerald (Jerry) Kilcoyne will take over at that time from Smith, who will remain in a consulting position to smooth the transition. [Continue]
Singh will join Washington Fed board
Steve Singh, CEO and chair of cloud tech company Docker, is joining the board of Seattle’s Washington Federal on Aug. 1. [Continue]
Bridges will join U.S. Bancorp board
Dorothy Bridges, former senior vice president for the Public Programs division at the Federal Reserve Bank of Minneapolis, is joining the board of U.S. Bank. [Continue]
Indiana, Iowa banks announce board changes
Old National Bank, Evansville, Ind.; Community First Bank of Indiana, Kokomo; and Heartland Financial USA, Inc., Dubuque, Iowa, have all made recent additions to their boards of directors. [Continue]
Iowa bank announces board additions, retirement
Farmers Trust and Savings Bank, Spencer, Iowa, announced the retirement of Bruce Lamport and the election of Kenneth Easter and Michael Bryan to the board of directors. [Continue]
Indiana’s 1st Source Bank adds to board
1st Source Corporation, South Bend, Ind., announced the following elections to the board of its holding company and its subsidiary bank, 1st Source Bank: [Continue]
CRE expertise highly valued at Minnesota community bank
When Steve Huston, president and CEO of Bankwest, Rockford, Minn., invited Greg Ebert to join the bank’s board, Ebert responded in a way that could have been construed as self-serving. “I asked him, ‘What’s the upside for me?’” Ebert recalled. It wasn’t that Ebert, owner of Ebert Construction based in neighboring Corcoran, wasn’t community-minded. He simply knew that participating on a bank’s board introduced him to risk and brought with it a time commitment many business owners cannot absorb. [Continue]
Illinois acquisition gives attorney another decade as bank director
When two outgoing directors at Illinois’ Pekin Savings Bank approached Pat Oberle about filling their shoes, he was hesitant. It was the mid-1990s and his hands were already full; Oberle was a lawyer in private practice and Pekin’s city attorney. Their persistence convinced him though, and Oberle quickly found he had a knack for bank governance. [Continue]