Pictured (left to right) are: Ami Myrland, Justin Hart, and Ken Thompson.

The Board of Directors of Capitol Bank has announced an expansion of the bank’s leadership team. Justin Hart has been promoted to president and Ami Myrland to executive vice president. Ken Thompson will remain as CEO and chairman of the Board.

Hart has been with Capitol Bank since 2007 and most recently held the title of senior vice president – senior lender. As president, Hart will provide organizational leadership in all areas of the bank, with an emphasis on lending and commercial banking. Hart holds a B.S. in finance from the University of Wisconsin-La Crosse and an MBA from Edgewood College. He currently serves on the board of directors for American Family Children’s Hospital and Second Harvest Foodbank of Southern Wisconsin. Hart is a 2021 recipient of the Independent Community Bankers of America 40 Under 40 award. Following Jim Dolister and Ken Thompson’s leadership, Hart will be just the third person in the history of Capitol Bank to hold the title of president.

Myrland joined Capitol Bank as senior vice president – chief financial officer (CFO) in 2019 and has more than 20 years of banking experience. In her role as executive vice president, Myrland will retain the role of CFO and focus on the areas of retail, finance, marketing, technology, and human resources. Myrland holds a B.S. in Accounting and Finance from Edgewood College. She currently serves on the FHLB of Chicago member advisory committee and also on the boards of the Leukemia & Lymphoma Society and the Wisconsin Bankers Foundation. Myrland is also a 2022 recipient of the Independent Community Bankers of America 40 Under 40 award.

“With the growth Capitol Bank has experienced this year, reaching $520 million in assets and opening a third location, an expansion of the leadership team was in the bank’s best interest,” said Thompson. “Strong leadership that invests in our community while driving a customer-focused approach to banking is key to the future success of Capitol Bank. I’m honored to expand Justin and Ami’s roles within the bank and look forward to the positive impact these changes will have for our customers, employees, and shareholders”.

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Prevail Bank is pleased to announce that Brenda Trump has joined the Eau Claire team as branch manager and Scott Rannila has joined the Eau Claire team as a vice president & commercial banking officer.

Brenda Trump

Trump has over 20 years of banking experience, from business development and marketing, to mortgage underwriting and lending officer, to controller and branch management.

“I’m excited to have Brenda join our team,” said Renée Leinfelder, senior vice president of retail. “Her wealth of knowledge and years of customer service and banking experience will make her transition seamless. I look forward to working with her and watching her build relationships with our customers.”

“I chose Prevail Bank for many different reasons,” said Trump. “First and foremost, I support Prevail Bank’s mission 110%. I will always help customers, employees, and communities obtain their financial goals to the best of ability. It is so rewarding to be their trusted advisor and a part of their success.”

Trump and her husband, Bill, moved to Wisconsin from Arizona earlier this year. She’s already expressed an appreciation of Wisconsin’s cheeses and the abundance of freshwater lakes to fish.

“Moving to Eau Claire has been a great experience for us,” said Trump. “We have thoroughly enjoyed the farmers markets and what they have to offer, along with the lakes, the downtown murals, and the beautiful countryside.”

Trump enjoys reading, fishing, and spending time with family and friends. She’s a fan of the Bears, the Cubs, and the Blackhawks — a result of living in Illinois for numerous years prior to Arizona. Her two grown sons are split between those states; one lives in Buckeye, Ariz., the other in Peru, Ill.

Scott Rannila

Rannila, the bank’s newest vice president & commercial banking officer, brings decades of private banking, wealth management, and commercial lending experience to the full-service business team of Prevail Bank.

“We are excited to have Scott join our team,” said Craig Philipp, Prevail Bank’s chief commercial lender. “Scott has spent the past 20+ years in various roles working with families and businesses to achieve their financial goals. He has several professional designations and certifications, is a true advocate and strategist for his customers, results-oriented, and actively involved in the community. Scott’s talents and attributes will allow him to continue to meet and exceed customer expectations.”

“I chose Prevail Bank because I believe it offers the best of a community bank feel with the capabilities of a larger financial institution,” said Rannila. “I’m excited to help Prevail grow their presence and market share in the Chippewa Valley!”

Over the past 10+ years Rannila is or has served as a board director for Downtown Eau Claire, Inc., Big Brothers Big Sisters of Northwest Wisconsin, and as a Rotarian with the Eau Claire Noon Club. Outside of the office, Rannila and his wife Jamie are busy raising three very active thirteen year olds; Jack, Jordan, and Addisontriplets! He is an active youth sports coach, enjoys cheering on his favorite sports teams, and a few rounds of golf every now and then.

Matt Fischer

Waukesha State Bank is pleased to announce the promotion of Matt Fischer to bank manager of its Sussex office and Tracy Moehle to bank manager of its Mukwonago office.

In their new positions, Fischer and Moehle will be responsible for all aspects of daily operations — including business development, personnel management, customer service, lending, relationship management, and community involvement at their respective offices.

“We applaud Matt and Tracy’s commitment and enthusiasm for taking on leadership roles in key markets we serve,” stated Devon Arnold, Waukesha State Bank senior vice president – retail banking manager. “These promotions are well deserved and reflective of the commitment they both make to their respective customers.”

Tracy Moehle

Fischer started his career with Waukesha State Bank in 2016 as a teller at the Oconomowoc office. In May of 2018, his exceptional customer service and teamwork earned him promotions to customer service representative and assistant team supervisor. Later that same year, he transferred to the bank’s Prairie Trust division as a trust associate, supporting Prairie’s personal trust administrators. In May of 2020, Fischer returned to the retail side of the bank, and in 2021 he was promoted to personal banker of the E. Main Street office in Waukesha.

Fischer earned his bachelor’s degree in marketing from the University of Wisconsin-Milwaukee. He is active in the community serving as board chair for Waukesha State Bank’s internal volunteer group, Helping Hearts. Through the group, he organizes various volunteer projects and community service opportunities throughout the year. Fischer currently resides in Oconomowoc.

Moehle joined Waukesha State Bank in September of 2021 as a personal banker at the Downtown Waukesha office. She brought with her over 12 years of banking experience, including a year of Waukesha State Bank personal banking and loan servicing experience from 2018. She and her family currently reside in Greendale.

Pictured (left to right) are: Heather Tyler, One Community Bank; Carrie Schraeder, One Community Bank; Aaron Backer, WAGS; and Breeze (front).

One Community Bank is proud to continue investing in the surrounding communities. To celebrate its two-year anniversary as One Community Bank, colleagues selected the non-profit Wisconsin Academy for Graduate Service Dogs (WAGS) for a $1,000 donation.

The team at WAGS is passionate about promoting functional independence and improving the quality of life for people with physical disabilities with highly skilled service dogs. They have facilitated the partnership of more than 250 service dogs for people with physical disabilities such as multiple sclerosis, spinal cord injury, cerebral palsy, neuromuscular disease, and injuries associated with combat veterans.

“For our clients, a WAGS dog provides practical physical assistance and unconditional love and companionship. We are grateful to the team at One Community Bank for their donation. We plan to use the donation towards the purchase of our next puppy” said Aaron Backer, executive director of WAGS.

“One Community Bank is thrilled to deepen our relationship with WAGS and contribute to the impact they are making in our communities to help people with disabilities. We believe in investing in our communities and are excited to present WAGS with a $1,000 donation. This organization is very deserving of this donation” said Steve Peotter, president and CEO of One Community Bank.

One Community Bank remains committed to investing in our communities and is proud to support this feel good organization.

Rose Oswald PoelsBy Rose Oswald Poels

The Society of Bank Executives, a nationwide organization for building new connections and accessing accelerated programing related to leadership, is looking ahead to the official launch in January 2023. Currently, the Society is comprised of over 120 executives from 15 states, including several from Wisconsin, and these bankers are participating in the pre-launch cohort this fall.

As I have announced in previous publications, the Society was established by several banking trade groups across the country — including WBA — to promote individual professional development. The initiative focuses specifically on granting C-suite bankers the opportunity to network among peers, attend relevant and flexible education seminars by experts, and enhance critical leadership competencies and skills.

As we all work to navigate within our ever-evolving industry, I encourage you to consider the importance of taking part in opportunities such as the Society of Bank Executives. Unlike other leadership seminars, the program offers bankers not just the education, but the relationships and soft skills necessary to masterfully lead our banks. In addition to studying, analyzing, and applying knowledge learned during the four-month program, bank executives will form invaluable networks among peers outside of our markets.

Although the pre-launch session is in full swing, Wisconsin bankers are invited to join the Society during its third meeting in Sun Valley, Idaho. The three-day event focuses specifically on the power of peer groups, and will kick off on October 19. I encourage bank executives who have not already registered for Society membership to consider utilizing this opportunity to garner a sneak peek of what’s in store for programing as the initiative formally launches in January.

Thank you to those Wisconsin bankers who have already registered as a member the Society. If you would like to learn more about the Society and how its program could impact your bank, please visit executives.bank/home. Additionally, if you are interested in taking part in the Society’s upcoming in-person educational event in Sun Valley, please click here for details on how to register.

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Pictured (left to right): Back – Cherie Lenz and Bobbi Taylor, Prevail Bank professionals. Front – Landon and Dakotah Patrie.

4-H-ers have to be in 3rd grade to sell their prize winning livestock from the Price County Fair at the “Market Animal Auction”. Dakotah and Landon Patrie knew this as they watched the older children parade their animals in the market ring. Cherie Lenz noticed their sad faces and witnessed the interaction between them and their grandmother as she explained the rules and said, “Someday you will be able to show your animals in the ring.” That comment prompted Lenz to step forward, politely introduce herself, and extend an offer to purchase Dakotah’s and Landon’s sheep for $1,000. Lenz, who was representing Prevail Bank that day, turned heartache to happiness.

But Prevail Bank didn’t stop there. The bank donated the 126 lbs. of lamb chops, burger, steaks, and roasts to St Vincent DePaul’s Food Pantry in Phillips to help provide a reprieve for the 211 households who struggle to make ends meet.

Pictured (left to right) are: Patricia Melby, St Vincent DePaul’s Food Pantry, and Bobbi Taylor, Prevail Bank professional.

“We are excited to support so many people through one action,” said Lenz, Prevail Bank branch manager. “We (Prevail Bank) supported two future farmers or young entrepreneurs through the purchase of their sheep; in addition to providing fresh meat for hundreds of people who are hungry in Price County. Solving problems, fulfilling dreams — that’s what we do at Prevail.”

Prevail Bank has heart and compassion,” said Kendal Patrie, mother of Dakotah and Landon. “It’s hard to put into words how much Cherie’s actions affected our family that day. It will always be remembered.”

Prevail Bank’s core values are: Put people first; be a solution seeker; do the right thing; take ownership. Cherie Lenz fulfilled all four of those philosophies on Friday, August 26.

Pictured left to right are: Mary Fritsch, Rose Oswald Poels, Sharon Bucholz, and Lora Cornette.

On September 15, WBA President and CEO Rose Oswald Poels visited GreenLeaf Bank to honor three longtime employees for their lifetime of service to the banking industry. Congratulations to Lora Cornette, 40 years; Mary Fritsch, 47 years; and Sharon Bucholz, 47 years.

Wisconsin bankers prepare for forthcoming legislation, guidance

By Hannah Flanders

An increasing number of Wisconsinites are growing concerned about climate change and its effects on the state’s key economic sectors — agriculture and forest product, fisheries, and outdoor tourism and recreation. Each year, these sectors continue to be negatively impacted as a result of increasing temperature, humidity, precipitation, and extreme weather events.

In an effort to preserve America’s unique, natural resources, promote public health and safety, and extend the positive growth in our economies, regulators across the country have turned their focus to understanding climate-related financial risks. In January 2021, President Joe Biden issued an Executive Order relating to protecting public health and the environment. As a result, many key banking regulators and Wisconsin officials have announced advisories, statements, and proposals of their own to aid banks and other industries in mitigating the effects of climate change on the economy.

Ensuring Consistency

As sectors and jurisdictions in the financial system become increasingly more intertwined and supervisory and regulatory authorities continue to assess climate-related financial risks, the Financial Stability Board (FSB) has published draft recommendations in an effort to promote consistency throughout the financial system as well as to assist financial institutions in managing and mitigating climate-related risks. Final recommendations from the FSB are expected in the fourth quarter of 2022.

The Financial Stability Oversight Council (FSOC), in addition to establishing the Climate-related Financial Risk Committee (CFRC) which assists in identifying, assessing, and mitigating climate-related risks to the financial system and developing common approaches and standards, the Council has recently released recommendations to FSOC members — including the U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the Federal Housing Financing Agency (FHFA) — regarding their action on climate change data, disclosure, and scenario analysis.

While several agencies, including SEC and the Office of the Comptroller of the Currency (OCC), have already acted on risks related to climate change, Acting Director of the FHFA Sandra L. Thompson said in a statement released in December 2021 that FHLBanks are encouraged to designate climate change as a priority and actively consider its effects in their decision
making. The FHFA also created a new Conservatorship Scorecard which assesses Fannie Mae, Freddie Mac, and Common Securitization Solutions on their ability to promote sustainable and equitable access to affordable housing while operating in a safe and sound matter.

Proposed Federal Legislation

Both the OCC and the Federal Deposit Insurance Corporation (FDIC) have issued draft principles that provide framework for the management of climate-related financial risks by banks with more than $100 billion in total consolidated assets.

Although either draft has yet to be finalized, the Wisconsin Bankers Association (WBA) issued a comment letter in June to members of the FDIC warning of the potential negative impact this draft may unintentionally have on smaller, community banks and the communities they serve.

In addition to commenting on the FDIC’s draft principles, WBA joined the Independent Community Bankers of America (ICBA) and several state banking associations from around the country in expressing concerns related to the FDIC’s proposed statement of principles highlighting the effects of large financial institutions being pressured or required to “de-risk” their loan portfolios. The ruling in its current state has the potential of excluding lawful but climate disfavored customers or industries from the financial system.

This year, the SEC has also proposed two climate-related disclosure rulings that Wisconsin bankers should consider for investment purposes. The first proposal — the Enhancement and Standardization of Climate- Related Disclosures for Investors — focuses specifically on requiring registrants to include certain climate-related disclosures in their registration statements and periodic reports.

While the approach to release climate-related disclosures through existing SEC requirements is appreciated, in its comments, WBA highlighted that Wisconsin’s financial institutions, publicly traded or not, have successfully managed credit-based risk for decades and that this proposal is primary built on supplying non-financial information that many businesses do not have the resources to provide.

In addition to recommending that SEC repeal said proposal in its own comments, the Association joined nearly 100 supporting groups in signing onto the House Small Business Committee’s Republican-led letter to SEC demanding the rescission of the proposed ruling.

The second — Enhanced Disclosures by Certain Investment Advisers and Investment Companies About Environmental, Social, and Governance (ESG) Investment Practices — amended the ruling and forms under the Investment Advisors Act and the Investment Company Act. This would require certain advisers, investment companies, and business development companies to provide additional information regarding their ESG investment practices. Comments on this ruling were due August 2022.

Wisconsin-Specific Efforts

In Wisconsin, Governor Tony Evers has highlighted combatting climate change is a key priority for the administration. Earlier this year, the Governor’s Task Force on Climate Change — a coalition of representatives from industries and communities across the state — recommended the creation of the Office of Environmental Justice within the Department of Administration (DOA).

The Office, supported by the first state-level chief resilience officer (CRO) in the Midwest — now serves as the state’s principal office in coordinating agency frameworks, strategies, and policymaking to ensure state action does not have an adverse or disparate environmental effect on under-resourced communities.

Additionally, the Wisconsin Department of Financial Institutions (DFI) has so far only released an ESG investing advisory which includes an overview of its effects and what investors should consider. However, as climate-related risk becomes an increasing concern for industries and communities across the state, Wisconsin bankers should expect that state-level advisories, guidance, or legislation may be forthcoming.

While no hard and fast ruling yet stands for banks related to climate-related risk disclosures either at the federal or state levels, WBA advises bankers to be aware of the potential for upcoming regulation on the topic.

View WBA’s recent comment letters by visiting wisbank.com/CommentLetters. For questions on legal developments or regulations related to climate change or other compliance matters, please reach out to WBA legal at wbalegal@wisbank.com or 608-441-1200.

Starting this week, Capitol Bank will be hosting Butternut Road Coffee Truck at all three of their locations!

  • September 22 @ Verona (108 E Verona Ave)
  • September 29 @ East Madison (5427 Eastpark Blvd)
  • October 13 @ West Madison (710 N High Point Rd)

The event, which will offer patrons coffee, specialty espresso beverages, and pastries, will run from 7–10 a.m. with all attendees having the chance to win Capitol Bank swag or a free coffee (while supplies last) and support a local business!

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Tim Dively

Peoples State Bank announced recently that Tim Dively has been promoted to senior vice president, chief technology and operating officer. Dively had previously served as vice president in the same capacity.

“Since joining the bank in 2018, Tim has helped Peoples move forward in digital and operational tools that ultimately have had an enormously positive impact on our customers,” said Scott Cattanach, Peoples State Bank president and CEO. “Tim has proven again and again the importance of providing easy to use digital products and services for customers along with our traditional banking channels.”

Dively joined Peoples as vice president, chief operating officer in 2018 and quickly helped the bank navigate towards new digital banking tools, including the Bank Peoples app. He has also been instrumental in the bank’s cybersecurity efforts and merger and acquisition planning. His responsibilities grew to include the role of chief technology officer, coordinating all computer, IT, facilities, project management, and marketing operations. He recently graduated from the University of Wisconsin-Madison’s three-year Graduate School of Banking.

“I am thrilled to lead the bank in offering traditional products and services, while taking advantage of the best-in-class digital solutions and security our customers demand,” said Dively. “Our customers expect Peoples State Bank to have the same innovations as larger banks, but we can align those with a whole different level of service through our employees. We have embraced an innovative culture that has driven us in realizing efficiencies, improving employee knowledge, and offering the best customer experience through one’s preferred channel.”

In addition to his recent Graduate School of Banking degree, Dively has a bachelor’s degree from Knox College in Illinois and an MBA from Regis University in Colorado. He is married and lives in Wausau. His spare time is spent traveling, golfing, attending local events, and enjoying the outdoors.