Frankfort, Ind.-based The Farmers Bank President and CEO Karen Gregerson will retire in September 2023.
Gregerson has been with the bank in those roles for six years. She started her banking career in Marion, Ind., following her graduation from Ball State University’s Miller College of Business. She has a master’s degree from Indiana Tech, Fort Wayne.
The bank’s board of directors is in the initial stages of identifying a successor.
“The Farmers Bank is strong and growing, and we’re blessed with an extraordinary staff,” Gregerson noted. “I’ve worked hard for the past four decades and I’m proud of what I’ve been able to accomplish with the help of so many skilled and caring colleagues. Now it’s time to focus my energy outside the bank. I know retirement marks a significant adjustment, but it’s an adjustment I’m excited to make.”
The Indiana Bankers Association named Gregerson its Woman of the Year award in 2020, and inducted her into its Forty Year Club earlier this year. She was recognized by BankBeat magazine in 2016 as an Outstanding Woman in Banking.
“(Gregerson) continues to be an outstanding leader for The Farmers Bank, and we appreciate her willingness to help us through the transition,” said Jack Ransom, chair of the $800 million bank’s board of directors. “While there’s always some sadness when a valued employee announces retirement plans, her timing is consistent with what she told the board when she joined our team.”