Generational Talent Crunch

KYW Career News Reports, September 23, 2018

Assessing CEO Performance

KYW Career News Reports, September 16, 2018

Ohio Bank Names New CEO

Sept. 13, 2018 — Farmers & Merchants Bancorp, Inc. (“F&M”) (Nasdaq: FMAO), the holding company for Farmers & Merchants State Bank, announced today that Lars B. Eller has been appointed as the President and Chief Executive Officer of the Bank. As previously reported, F&M formed a search committee and engaged Kaplan Partners in May of this year to identify a successor to Paul Siebenmorgen, the current President and CEO of the F&M and the Bank, as he approaches retirement.

Mr. Eller earned his Bachelor degree from Concordia University, Montreal, Canada and Master of Business Administration from McGill University, Montreal, Canada. Mr. Eller started in banking with TD Bank Financial Group as a management trainee, and then moved on to be assistant manager, lender, fund sales representative, branch manager, underwriting manager, and area manager, before moving on to a successful career with progressively larger leadership roles at National City Bank. Mr. Eller then returned to TD Bank as Head of Wealth Management and then Senior Vice President of retail banking in Pennsylvania. He departed TD Bank to become director of sales and marketing at Clarity Advantage Corporation before joining Royal Bank America in 2013 as Executive Vice President and Chief Retail Banking Officer. Royal Bank America was a $900 million asset publicly held community bank based in the Philadelphia, Pennsylvania area prior to its acquisition in 2017. Most recently he has worked as a consultant for Cambridge Savings Bank. Mr. Eller has a son and twin daughters. He enjoys hockey and soccer.

Kevin Sauder, Chairman of the Search Committee stated that “We are very pleased to have found in Lars a personable and talented banker who has experience at both large national and regional banks as well as community banks like F&M. We look forward to welcoming him as a part of the F&M family.” Mr. Eller stated “I am very excited to join a strong and growing community bank and am anxious to get started and work closely with our employees to better understand the customers and communities served by F&M.”

Paul Siebenmorgen, President and CEO of F&M, said “I have had an opportunity to meet with Lars and think he will be a good fit for F&M. I look forward to working with him during this transitionary period.” Mr. Siebenmorgen will remain as President and CEO of F&M until his retirement from that position, which is anticipated in early 2019. At that point, Mr. Eller will assume the additional office of President and CEO of F&M. It is anticipated that Mr. Siebenmorgen will remain on the Board of Directors of F&M after his retirement as an officer of the Company.

About Farmers & Merchants Bancorp, Inc.: Farmers & Merchants Bancorp, Inc., Archbold, Ohio, is the holding company of Farmers & Merchants State Bank, which was established in 1897. The Bank serves the financial needs of individuals, farmers, businesses, and industries by offering traditional banking products, as well as online, mobile and telephone banking products. F&M’s common shares are traded on the NASDAQ Capital Market exchange under the symbol “FMAO.” Additional information on F&M may be found on its website: www.fm.bank.com.

7 Things Bank Boards Should Focus on

The world of corporate governance today has a brighter spotlight on boards of directors than ever before.

<To view the Article in its published format, click here:  7 Things Bank Boards Should Focus on>

The world of corporate governance today has a brighter spotlight on boards of directors than ever before. While bank regulatory relief has provided a long-awaited respite, bank examiners seem to be zeroing in on governance, director performance and board succession. Here are 7 things directors should have on their radar screens in the year ahead:

1. Defining Innovation. Digitization and innovation are the buzzwords, but truly embracing the transformations taking place all around us can be daunting. Pondering how technology has altered our client relationships and acquisitions means thinking out of the box, which may be a challenge for some directors and bank executives. A refresh of the bank’s website is not an innovation—it is table stakes. True innovative thinking requires more proactivity and planning, and likely some outside perspectives as well. Boards should encourage management to craft a plan to address to these challenges, which are key to remaining relevant.

<To read the Article in its published format, click here:  7 Things Bank Boards Should Focus on>

This Article appeared on September 10, 2018 on BankDirector.com.

Alan J. Kaplan is Founder & CEO of Kaplan Partners, a retained executive search and talent advisory firm based in Philadelphia. Kaplan Partners is the country’s only retained executive search firm member of the ABA & ICBA. You can reach him at Alan@KaplanPartners.com or 610-642-5644.

Good Local News

KYW Career News Reports, September 9, 2018

ACBB Hires Sales Leader

September 5, 2018 Joe Krzywicki has joined the Atlantic Community Bankers Bank (ACBB) team in the position of Senior Vice President and Chief Sales Officer. In this role, Joe will lead all of the bank’s Relationship Management and Marketing initiatives. Joe’s mission will be to ensure that ACBB continues to provide extraordinary value to its bank’s clients, while enhancing the ACBB culture and supporting the organization’s client centric business model. Joe brings with him over 25 years of experience working with financial strategies, solutions and services.

“Joining a team dedicated and focused on supporting community bank clients is an incredible opportunity for me,” said Joe Krzywicki. “ACBB’s mission to enable clients to be more competitive and relevant to their constituents is one that separates us from our competition. My vision for ACBB is to be the premier partner for our clients in delivering not just great services and support, but complete solutions backed by great insight and guidance, to help our clients achieve their strategic objectives.”

Joe previously served as Vice President of Vizant, a treasury management advisory firm. Prior to joining Vizant, Joe worked for 16 years with PNC Bank, most recently as Senior Vice President, Regional Sales Manager and Sector Director for PNC’s Treasury Management Division.

Joe is a graduate of Villanova University with a degree in finance. Among many other accomplishments, Joe has also earned the designation of Certified Treasury Professional (CTP). He resides in Enola, PA with his family.

Worker Training

KYW Career News Reports, September 2, 2018

High Worker

KYW Career News Reports, August 26, 2018

NACD Announces Five New Directors

August 24, 2018 PHILADELPHIA, PA – The National Association of Corporate Directors (NACD) Philadelphia Chapter announces the addition of five highly regarded leaders to its Board of Directors. Nominating and Governance Committee Chairman Alan J. Kaplan of Kaplan Partners stated, “Our Nominating and Governance Committee explored many quality prospective board members, and worked long and hard to identify this diverse group of talented leaders. The collective experiences of these new board members span public companies, private businesses, not-for-profit organizations, institutional investors, the public sector and private-equity controlled firms. This group will contribute mightily to the ongoing success of the NACD Philadelphia Chapter.”
The new Board Members include:

Glenn Booraem, Principal and Investment Stewardship Officer, The Vanguard Group, Inc.
James P. Dunigan, President, The Union League of Philadelphia; Director, Provident Financial Services, Inc. and Provident Bank, Economy League of Philadelphia
Hon. Timothy A. Reese, Managing Director, Investment Banking, Quoin Capital, LLC; Director, PA Public School Employees’ Retirement System, Farol Asset Management; Former Treasurer, Commonwealth of Pennsylvania
Patricia D. Wellenbach, President and CEO, Please Touch Museum; Director, StoneMor Partners L.P., Thomas Jefferson University
Arlene Yocum, Director, AK Steel Holding Corporation; Former Executive Vice President and Managing Executive of Client Service, PNC Wealth Management

Chapter President and Acting Chairman Howard Brownstein added, “I look forward to leading the Chapter with the strong support of our talented board members. We will endeavor to continue to provide world-class programming and governance resources to the local director community. The addition of these five highly respected leaders will help to further grow the NACD Philadelphia Chapter and its impact throughout our region.”

The NACD Philadelphia Chapter serves NACD members throughout the Philadelphia region and greater Delaware Valley. To learn more about upcoming chapter programs, visit https://philadelphia.nacdonline.org/Events/ or contact Cassandra Brown, Executive Director, at cassieb1235@gmail.com.

The National Association of Corporate Directors (NACD) empowers more than 19,000 directors to lead with confidence in the boardroom. As the recognized authority on leading boardroom practices, NACD helps boards strengthen investor trust and public confidence by ensuring that today’s directors are well prepared for tomorrow’s challenges. World-class boards join NACD to elevate performance, gain foresight, and instill confidence. Fostering collaboration among directors, investors, and corporate governance stakeholders, NACD has been setting the standard for board leadership for more than 40 years. To learn more about NACD, visit www.NACDonline.org.