Peoples State Bank President and CEO Scott Cattanach announces the following promotions:
Kody McHugh has been promoted to senior credit analyst team leader and officer. McHugh supervises the bank’s Wausau credit team, which reviews business loan applications and helps determine the customer’s credit risk.
Michael Merritt has been promoted to commercial banker and officer. Merritt was promoted to the commercial banker position from a portfolio management position. Over the last two years, Merritt has originated nearly $15 million in loans in SE Wisconsin while serving business owners with solutions for their banking needs.
Erik Rajek has been promoted to senior vice president and chief credit officer. Rajek joined Peoples in January 2022 and is responsible for the bank’s commercial credit risk department. Recently Rajek launched the bank’s Small Business Administration (SBA) 7a guaranteed commercial loan program.
Lindsay Monacelli has been promoted to assistant vice president and retail loan fulfillment manager. Monacelli leads the team that processes all mortgage and personal loans. She is a trusted leader and always looks to learn more to make her team and the retail loan processing department better for the bank’s customers.
Seth Wage has been promoted to vice president and commercial banker. Wage has become an integral part of the bank’s commercial banking team, growing his portfolio of business customers, and stepping up to help lead and manage internal commercial banking committees.
Clint Oelhafen has been promoted to assistant vice president and commercial banker. Oelhafen is the leader of the bank’s Marathon branch, serving business customers and their families. He is also a local community leader for the benefit of the village and serves in many volunteer roles in Marathon City.
Amy Peek has been promoted to internal auditor, internal controls officer. Peek is responsible for coordinating the monitor of the bank’s key internal and external audits, ensuring the bank is compliant with federal and state banking regulations and internal policy.
Naomi Lenz has been promoted to assistant vice president and loan servicing manager. Lenz leads the bank’s loan servicing operation and since joining Peoples in 2022 has established a high-quality loan processing system, and developed process improvements across multiple departments.