German American Bancorp names board chair, president

Jasper, Ind.-based German American Bancorp appointed CEO Neil Dauby to succeed retiring board chair Mark Schroeder and named Brad Rust as president of both the holding company and its subsidiary German American Bank.


Dauby joined the bank in 2001, and has since served in several executive positions. He became CEO in 2022. A CPA, Dauby graduated from Western Kentucky University in Bowling Green. Rust joined German American in 1999 in connection with the company’s merger with Vincennes, Ind.-based 1ST Bancorp. A banker with more than 30 years of experience, Rust has been German American’s CFO since 2005 and COO since 2022.   

“The board, along with the entire GABC family, are extremely grateful to Mark for his longevity and dedicated service to German American,” said Tom Seger, lead director for GABC. “His board and executive leadership and strong counsel throughout his extensive career enabled the company to grow its footprint, product and service offerings and employment base as the company grew from a small community bank to a regional financial services company serving banking, insurance and wealth management.”