38
Wisconsin Community Banker
July/August 2014
PEOPLE
Grosshuesch New CEO at
Oostburg
OOSTBURG—Jon Grosshuesch was
named president and CEO of Oost-
burg State Bank. He
has 23 years of bank-
ing experience and an
extensive background
working in the areas
of accounting, opera-
tions, information
technology, commer-
cial credit, business banking, human
resources, and compliance. He has
served on the boards of two banks.
In addition, Grosshuesch brings with
him 11 years of experience working in
the manufacturing sector.
Grosshuesch is a native of Oostburg
and graduated from the UW-White-
water with a BBA in accounting. He
is a graduate of the Wisconsin Bank-
ers Association Commercial Lending
School, and the American Bankers
Association Senior Lending School.
CBW’s Lund Featured
MADISON—CBW President and CEO
Daryll Lund was interviewed in the
Sunday, July 6, Wisconsin State Journal.
Growing up on a corn and soybean
farm in Cambridge, Lund took the
lessons he learned and built a career
around advocating for community
banks. He earned a bachelor’s degree in
agriculture from UW-Madison and a
master’s degree in agricultural indus-
tries from UW-Platteville. Lund joined
CBW 19 years ago after working with
the Wisconsin Bankers Association and
the Wisconsin Agribusiness Council.
When asked how much the Dodd-
Frank regulations are affecting com-
munity banks, Lund noted: “They are
adding additional expense and burden
…We believe it’s time for a tiered
regulatory structure that differentiates
community banks from the largest
banks in this country. You can’t do a
one-size-fits-all in bank regulations.
We’ve got banks in this country that
are over $1 trillion (in assets). You
can’t impose the same regulations on
those banks as on community banks.
Those are two different types of finan-
cial institutions.”
Weed Retires
NECEDAH—CBW President and CEO
Daryll Lund pre-
sented a Lifetime
Service Award
to Duane Weed,
who recently
retired after 59
years of service
to the banking
industry includ-
ing 32 years at The Necedah Bank.
Anchor Promotes Welch
MADISON—Jeffrey Welch was
named senior vice president-com-
mercial banking and Madison market
president at AnchorBank.
As a key member of the bank’s
management team, Welch will be
responsible for leading Anchor’s larg-
est market. Prior to joining Anchor-
Bank, Welch served as regional
president for JPMorgan Chase and
Bank One Madison. He also held posi-
tions with Firstar Bank Madison and
the First National Bank of Chicago.
Welch holds a bachelor’s degree from
the School of Business at the UW-
Madison, and an MBA from DePaul
University in Chicago.
New Staff at Citizens
Bank of Mukwonago
MUKWONAGO—Citizens Bank
of Mukwonago welcomes two new
employees: Doug Persich is the bank’s
controller and a member of the senior
management team and Adam Raychel
is the new chief credit officer.
Passaglia Joins Westbury
WEST BEND—Michael Passaglia is the
new vice president-program manager
for the wealth management division at
Westbury Bank’s Brookfield office.
Ridgestone Welcomes
Harrigan, Rajek
BROOKFIELD—Bill Harrigan has
joined Ridgestone Bank as vice pres-
ident-commercial lending. He will
focus on new business development in
SBA and USDA loans in southeastern
Wisconsin.
Harrigan brings 15 years of experi-
ence to his new position, the last sev-
eral of which focused on SBA lending.
>>>
Financial Institution
Products & Services
Offered by Your Association
◆
Financial Institution Bond
◆
Directors and Of cers Liability
◆
Property, Casualty, and Workers’ Compensation
◆
Forced Placed Property Mortgage Protection
◆
$9.00 Life of loan ood determinations
◆
Residential and Commercial Evaluation Program
Community Bankers Financial Services offers a wide variety of products and services
for the benefit of you, our members. For additional information on any of our
financial institution programs call Denise Davis at CBFS at 608.345.6998.
Kevin Christians
Denise Davis
Duane Weed
Jon Grosshuesch
