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FVSBank Announces Leadership Changes

Steven R. Schmudlach, chief executive officer of FVSBank, has formally announced his retirement, effective September 2, 2022.

“Steve Schmudlach provided exceptional leadership throughout his seven years as CEO, growing the bank’s assets from $306 million to over $414 million,” said Gary Lerch, Board director of FVSBank. “With Steve at the helm, we benefited from both organic growth and strategic management. The Board would like to extend our sincere appreciation for his vision and collaborative management style.”

Schmudlach began his banking career with the Marine Bank of Beaver Dam in April 1975. While experiencing many areas of banking, he spent the majority of his career in commercial lending with First Wisconsin Oshkosh, Firstar Bank Fond du Lac, and as president of M&I Oshkosh before joining FVSBank as senior vice president and chief credit officer.

While at FVSBank, Schmudlach ultimately served as president, CEO, and chairman of the Board. Schmudlach built upon his degree in finance by attending numerous professional banking schools during his career culminating in his graduation from the UW–Madison Graduate School of Banking in 1986. Schmudlach shared his skills and experience by serving on numerous not-for-profit, higher education, community, and economic development boards throughout his time in banking.

Schmudlach will remain as chairman of the Board, a position he has served since 2016 until his retirement, and then will remain as a board member.

Additionally, the Board of Directors of FVSBank has named Steven R. Walber president and chief executive officer effective July 1, 2022.

“We are very pleased that Steven will be leading FVSBank as its president and CEO,” said Schmudlach, chairman of the Board. “Steven has been instrumental in leading FVSBank’s strategic efforts these past few years, positioning the bank for future growth and opportunity. He is an intuitive and strategic leader, bringing more than 30 years of comprehensive experience to his new position. His extensive background will provide the strengths and resources needed to lead FVSBank forward in our communities while maintaining the bank’s core values.”

Walber joined FVSBank as senior vice president and chief credit officer in June of 2015 and was promoted to executive vice president in January 2020 and president in March 2021. Throughout his banking career, Walber has been active in community efforts. Currently, he serves as a board member and volunteer for the Fondy Food Pantry, is an active member with the Envision Greater FDL MIT Committee and is highly engaged with the Fond du Lac Morning Rotary Reader program and Diversity in Reading program.