St. Cloud, Minn.-based Stearns Bank expanded its equipment finance division by hiring Bob Stark as president.
A banker with nearly 35 years of experience in equipment finance positions, Stark was most recently senior managing director of capital markets and corporate development at TCF Equipment Finance, later Huntington Bank, for 22 years. He’s also been chief credit officer for Firstar Equipment Finance, where he managed a $5 billion portfolio.
Stark has an MBA from the University of Minnesota Carlson School of Management, and a Bachelor of Science degree.
“His addition reflects our growth and diversification in delivering customized banking solutions to our equipment finance department customers and strengthening our equipment finance division national market strategy, which is central to our overall business model,” said Kelly Skalicky, president and CEO of the $3.2 billion bank.