Wisconsin-based Ixonia Bank is hiring Greg Larson as its next CEO to succeed Daniel Westrope, who notified the board last year of his intention to retire after more than a decade with the bank.
Larson attended Marquette University, Milwaukee, and graduated from the Wisconsin Bankers Commercial Lending School. He was most recently the CEO of AILCO Equipment Finance Group, Waukesha, Wis. Before that, he had more than 40 years of experience with Wisconsin-based financial institutions, including Associated Bank, Green Bay, and Bank Mutual, Brown Deer.
Westrope joined the bank in 2011. Since then, Ixonia nearly doubled its assets to nearly $600 million as of the end of April, and grew its book value per share from $10.67 to $20.38. Ixonia Bank also grew in greater Milwaukee, acquiring a mortgage loan division.
“It has been my privilege to share the oversight of the bank and company’s growth over the past eight years to its current level of success,” Westrope said. “I am proud to have served alongside so many talented executives and teammates whose commitment to our mission and core values is second to none.”