Industry News

University Bank Opens Ypsilanti Banking Center

YPSILANTI, Mich., — University Bank, a community bank dedicated to fostering financial inclusion, has opened a full-service banking center in downtown Ypsilanti. Headquartered in Ann Arbor, the Ypsilanti location is University Bank’s first branch office and also is the first new bank branch to be located in downtown Ypsilanti in many decades. “We are proud…

Wojtowicz Named First Merchants Chair

Wojtowicz Named First Merchants Chair

MUNCIE, Ind., — Jean L. Wojtowicz has been appointed as First Merchants Corporation and First Merchants Bank Chair of the Board of Directors. Effective May 7, 2024, Wojtowicz succeeds Charles E. Schalliol, who retired after serving as Chair for the past seventeen years. Schalliol said, “It has been my pleasure to serve as Chair of…

Dearborn Federal Names Heger to Board 

Dearborn Federal Names Heger to Board 

DEARBORN, Mich., – Martin L. Heger, Jr., President and CEO of Dearborn Federal Savings Bank has been appointed to the board of directors of the bank.  Board Chairman William R. White said, “Marty’s level of expertise in banking and his extensive community involvement, will serve the Bank exceptionally well for many years to come.”  …

PSB Announces Board Changes

PSB Announces Board Changes

WAUSAU, Wis., — PSB Holdings, Inc., the parent company of Peoples State Bank elected Jeff Wickersham and Tim Kilgore to the board of directors. Board member Kevin Kraft was elected as chairman of the board. He replaces long-time chairman William Fish, who will remain active on the board as a director. Additionally, Lee Guenther retired…

Graduate School of Banking Welcomes New Leadership

Graduate School of Banking Welcomes New Leadership

MADISON, Wis. — The Board of Trustees of the Graduate School of Banking at the University of Wisconsin–Madison (GSB) has named Paul C. Katz the next GSB/Prochnow Educational Foundation (PEF) president and CEO. Katz succeeds Kirby Davidson, who announced his retirement in October of 2023. Katz will begin as president on June 1, 2024, and…

Bank of Ann Arbor Names Gougeon UniFi President

Bank of Ann Arbor Names Gougeon UniFi President

ANN ARBOR, Mich., — Bank of Ann Arbor has added John Gougeon to UniFi Equipment Finance and the bank. UniFi is a wholly owned subsidiary of Bank of Ann Arbor, offering equipment finance solutions in the small to medium ticket space. “John has experience in nearly every aspect of equipment leasing ranging from asset management…

David McCash Retires From First National

David McCash Retires From First National

IRON MOUNTAIN, Mich., — After nearly 25 years as a licensed financial advisor, including 17 years as the owner of McCash Investment Management, David McCash has announced his retirement from the investment industry and from First National Wealth Management. McCash is an Iron Mountain native, and a graduate of Iron Mountain High School. He holds…

First Federal Names Rawley and Hermann to Board

First Federal Names Rawley and Hermann to Board

EVANSVILLE, Ind., — First Federal Savings Bank has named Phil Rawley and Gina Hermann to its board of directors. Phil Rawley serves as CEO of Tri-State Orthopedics and brings a wealth of experience in Private Equity, M&A activity, long and short-term financial planning, business valuation, and international FX trading. Phil received his Bachelor’s Degree in…

Heartland Elects Turoff to Board

WHITEHALL, Ohio, — Diana L. Turoff has been elected director of Heartland BancCorp, parent company of Heartland Bank. Turoff was previously elected to the Board of Directors of Heartland Bank in March of 2024. “Diana brings a wealth of knowledge and experience to our board, knows Ohio’s communities well and adds CDFI management experience to…

Andrea Short Named 1st Source President

Andrea Short Named 1st Source President

SOUTH BEND, Ind. — 1st Source Corporation has promoted Andrea G. Short President of 1st Source Corporation, according to Christopher J Murphy III, Chairman and CEO of 1st Source Corporation and Chairman of 1st Source Bank. Short previously served as Executive Vice President of the Corporation and will continue to serve as President and CEO…