Bankers’ Bank, Madison, recently promoted Matt Sitkowski as the new executive vice president & chief operating officer. As a member of the Executive Management team, he is responsible for building and executing strategies to grow the bank’s earnings and balance sheet as well as developing new products and services. Sitkowski joined Bankers’ Bank in 2016 as the EVP & Chief Financial Officer. In his time with the bank, he has increased the bank’s capital through the direct sale of treasury and new issue common shares and led the successful issuance of subordinated debt to investors. Sitkowski has successfully led teams to create three new overnight funding options for customers, provided oversite to the Payments & Cash Management team, allowing them to continually increase payment rail transaction and dollar volumes, and continues to push forward payments modernization initiatives including settlement with The Clearing House’s Real Time Payments Network.

Starting as a teller, Sitkowski has had the opportunity to learn community banking from the ground up and this has been instrumental to the success of Bankers’ Bank and their customers. His belief in helping and supporting the people and businesses in a local community with their financial needs is what drives him to be successful in his position.

Michelle Waldron has been promoted to senior vice president & chief financial officer at Bankers’ Bank. As CFO, Waldron is responsible for developing and implementing strategies to help the Bank continue to grow. She has been with Bankers’ Bank for 8 years, starting out as an internal audit officer where she helped build the Bank’s audit function. Waldron moved to the Finance department in 2017 as the VP, Financial Planning & Analysis where she worked with the CFO to build and enhance the budgeting process, financial modeling and forecasting, and the Bank’s cash management product. In 2019, she was promoted again to FVP, Accounting & Finance, and assumed oversight of the accounting function in addition to her finance role.

Waldron is a graduate of the University of Wisconsin Madison with a Bachelor of Business Administration-Accounting and a Masters of Accountancy. She is also a Certified Public Accountant. She is looking forward to helping Bankers’ Bank grow and offer unique solutions that support community banks and help them thrive well into the future. Bankers’ Bank CEO, Brad Stamper expressed excitement in the recent promotions, saying “Matt and Michelle are incredible assets to our team here at Bankers’ Bank. Their leadership will help successfully grow Bankers’ Bank and support the growth of our community bank partners. ”

Bankers’ Bank is excited to welcome Steve Klitzing as senior vice president, risk management solutions. In his new role, Klitzing will be responsible for leading the bank’s new Risk Management Solutions division in creating and developing solutions to help community banks build an enterprise risk management culture in their organizations. Klitzing has nearly 35 years of experience in the financial services industry, with a vast majority of his career in community banking in Wisconsin and Illinois. Prior to joining Bankers’ Bank, Klitzing was the CFO at People’s Bank in Elkhorn, Wis. and was with CIB Marine Bancshares in Pewaukee for over 20 years holding various senior and executive-level positions, ending as executive VP, chief financial officer and treasurer. During his time with CIB Marine, Klitzing helped the organization grow from a single bank location with assets of $9 million to a multi-bank/multi-state holding company with over $3.5 billion in assets. Throughout his career, Klitzing has been involved in many areas of banking, including asset and liability management, risk management, financial reporting and analysis, regulatory relations, investments, mergers and acquisitions, strategic planning, capital planning and management, business expansion, retail operations, and investor relations.

Klitzing holds a Bachelor of Science, Finance from the University of Illinois. He is excited to lead this new team and work with community banks throughout the Midwest to implement risk management solutions in their organizations.

Stamper also noted, “We are delighted to have Steve on the team leading our new Risk Management division. His wealth of knowledge and experience in community banking and risk management will add to the success of our community bank partners and the team at Bankers’ Bank.” 

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