Malvern Bank in Iowa appointed Kate McGann as bank president.
McGann has been with Malvern Bank since 2012. She’s been a member of the bank’s board of directors, and served as executive vice president and chief loan officer since 2016.
“McGann’s leadership has been pivotal to the bank’s growth and success over the past 12 years in which the bank has tripled its asset size and completed three significant physical expansions,” according to the bank.
McGann has a Bachelor of Science degree in business management from Iowa State University, Ames. She also graduated from the Iowa School of Banking and the Graduate School of Banking at Colorado. Her appointment is effective on Jan. 1.
Malvern Bank Owner Jay Burdic is expected to remain as CEO and board chair. He said the succession will allow him to focus more on business development and growing the bank. “Kate has exhibited the same passion and commitment to the people of this area that my grandfather and my dad instilled in me from the very beginning,” Burdic said. “I have no doubt that Kate will continue to lead the bank in the same trajectory that has taken it from a $75 million bank in 2013 to the $220 million bank of today.”
