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.  … Read more

Sioux City, Iowa-based Security National Bank has promoted Craig Mayo to senior vice president and chief credit officer. Mayo, hired by Security National in April 2021, has more than 35 years of financial experience. He has lending and credit management expertise in commercial, agricultural, SBA/USDA Loans, consumer and special assets.  He has a Bachelor of … Read more

Marietta, Ohio-based Peoples Bancorp, Inc., the bank holding company of the $7 billion Peoples Bank, has elected Kevin R. Reeves to its board of directors.  Reeves, 55, is head of U.S. Markets in Zero Carbon Energy for BP’s Gas & Low Carbon Energy Group in Columbus, Ohio. He has worked for BP LC, considered one … Read more

Wauwatosa, Wis.-based Waterstone Financial, Inc., the holding company of WaterStone Bank SSB, has elected William Bruss as president.  Douglas Gordon is expected to continue leading both the company and bank as CEO, a role he has been in since 2007. Bruss started as the bank’s in-house counsel in 1997 and has served as an executive … Read more

Stillwater, Minn.-based insurance agency Valley Agencies, an affiliate of First State Bank & Trust, has added Nick Schneider as an agent. Schneider has more than 15 years of industry experience, through his role as a senior risk control consultant position at Berkley Human Services in Minneapolis and independently as a state licensed broker, helping families … Read more

Grand Forks, N.D.-based Alerus Financial Corp. has named Alan “Al” Villalon CFO and executive vice president. Villalon replaces Katie Lorenson, who transitioned to being president and CEO on Jan. 1. Villalon has more than 25 years of experience in financial services, most recently as deputy director of investor relations and senior VP at U.S. Bank. … Read more

Sparta, Mich.-based ChoiceOne Bank recently promoted Vice President Trenton Hancock to head of retail banking. The bank has also hired Bradley Bissett as VP and commercial loan officer, joining ChoiceOne’s Port Huron, Mich., team; and Sarah Ferris as VP and controller.  Hancock joined the bank in 2016 as VP regional manager with 22 years of … Read more

Dacotah Bank has promoted Daryl Ebach to executive vice president and chief revenue officer. A Northern State University graduate, Ebach started his banking career in January 1983. Since then, he has served in a variety of roles, including as a teller, personal banker, business relationship manager, business banking manager, and area business banking manager. He … Read more

Minneapolis-based Merchants Bank Equipment Finance has expanded its team by promoting Jane Ziebarth to document transaction manager/officer and adding Bryon Sharp as vice president/senior regional vendor finance manager.  “The promotion of Jane and the key hire in Bryon strategically complement the manner in which we are continually expanding our presence in the equipment finance arena … Read more

Ionia, Mich.-based Independent Bank Corp., the holding company of Independent Bank, has hired Kris Kreter as first vice president, controller. Kreter has nearly seven years of financial services experience. He has a bachelor’s degree in accounting and a master’s in public and corporate accounting from Michigan State University.  A CPA, Kreter also has expertise in … Read more