Wisconsin bank announces CEO succession

The Stephenson National Bank & Trust President and CEO Daniel J. Peterson will soon retire after a 35 year-career at the bank. Peterson will be succeeded by SNBT Executive Vice President Greg Salmen, and will transition to SNBT executive board chair. 

Peterson is expected to continue working in a part-time role out of the Menominee, Wis., office, for the next two years before fully retiring from the executive chair position to become chair of the board. 

Peterson was hired by the Marinette, Wis.-based bank in 1988, and was named head of the commercial loan department in 2003. He became a member of SNBT senior management the following year. Peterson assumed his current position in 2013. 

Peterson was elected Wisconsin Bankers Association board chair last year. He has also served on the American Bankers Association Community Bankers Council. 

“I feel honored to have served my customers for so many years and it is with great pride that I leave SNBT,” Peterson said. “I’ve helped young people buy their first car; newlyweds finance their first home; and entrepreneurs start their first business. Our customers have helped define the role and reputation of The Stephenson National Bank & Trust in Marinette, Menominee and Oconto counties. It has truly been a remarkable journey.”