Royal Bank has a new face at the top. Dan Ravenscroft assumed the role of president and CEO of the bank. Ravenscroft replaces four outgoing presidents: Jack Heding, Rick Busch, Bob Hart and Greg Darga who collectively decided to retire at the end of 2017.
Ravenscroft, who is originally from Necedah, has been working at Royal Bank for 21 years. “I started here in our Elroy location,” Ravenscroft said. “I started out while I was in college.” He has also worked at the Hillsboro and Mauston locations of the bank.
After about 18 years in a “committee structure” leadership with four presidents serving together, Royal Bank has decided to return to a single president and CEO. “As they announced their retirement and we looked forward strategically for the organization, we made the decision with where we were at right now to go back to a traditional structure,” Ravenscroft said. A seamless transition of leadership and a preservation of the culture at Royal Bank were focus points in the decision.
Read more in the Juneau County Star-Times.