After 35 years of dedicated service to The Stephenson National Bank & Trust (SNBT), President & CEO Daniel J. Peterson will be retiring. He will be succeeded by Greg Salmen, current SNBT Executive Vice President, and will transition into the role of SNBT Executive Board Chairman. He will continue to work part time out of the Menominee office for the next two years and then fully retire from the Executive Chairman role and become the bank’s Chairman of the Board. To celebrate his legacy with SNBT, the bank will host an Open House on Friday, December 8 at the 1820 Hall Avenue, Marinette Office from 10:00 a.m. to 3:00 p.m.
“I feel honored to have served my customers for so many years and it is with great pride that I leave SNBT. I’ve helped young people buy their first car; newlyweds finance their first home; and entrepreneurs start their first business. Our customers have helped define the role and reputation of The Stephenson National Bank & Trust in Marinette, Menominee, and Oconto Counties. It has truly been a remarkable journey,” said Peterson. “While I will surely miss it, I have the utmost confidence that with Greg as president and the rest of this unparalleled staff, SNBT is in good hands.”
Peterson joined SNBT 1988 and throughout his tenure, became experienced in all lending areas of the bank including head of the commercial loan department in 2003 and member of SNBT senior management in 2004. Finally, he was promoted to Executive Vice President in 2006 before assuming his current role in 2013.
“I am extremely pleased to have worked with Dan for the last two decades. He is a tremendous individual and I feel privileged to say that SNBT owes Dan an immeasurable debt of gratitude for his tireless service and steady hand as president; he will be missed,” said president-elect Salmen. “SNBT has been working for the last five years to ensure a smooth transition, and we are confident that we will build upon the strong foundations that Dan has laid.”
Throughout his years in banking, Peterson has been recognized as an industry advocate and thought-leader. In 2022, after having served on the board of the Wisconsin Bankers Association (WBA) for three years, he was elected to serve as board chair. In addition, Peterson has previously served on the American Bankers Association Community Bankers Council.
An active participant in our communities, he is a past winner of the SNBT WINGS Award (Worthy Individual Noted for Generous Service); which is an award that recognizes the exceptional individual community service efforts of a bank employee.
His service commitment includes serving on the board of directors for many local non-profit organizations and is currently the president of the Peshtigo Lion’s Club and USS Marinette Commissioning Committee. He has been very active in community organizations and his volunteerism throughout the years has included: Chair of the Marinette County Industrial Development Corporation (MCIDC), board member of the Marinette County Association for Business and Industry, member of the Northern Anglers, Lake Michigan Fisheries Forum and board member of the M&M Great Lakes Sport Fisherman’s Club, St. Thomas Aquinas Academy trustee, Goodwill Industries board member, St. Mary’s Total Board of Catholic Education president, and Marinette Catholic Central Foundation president. Peterson and his wife Barbara reside in Porterfield and have two grown sons, two daughters-in-law and 7 grandchildren.
The Stephenson National Bank & Trust is a 149-year old independent community bank with almost $1.5 billion in Bank, Mortgage, and Trust & Investment assets under management. Offices are located in Marinette, Wausaukee, Crivitz, Pembine, and Oconto, Wis. and Menominee, Mich. with a Trust & Investment Office in Marquette, Mich. and a Commercial Loan Services Office in Green Bay, Wis. For more information about The Stephenson National Bank & Trust visit www.snbt.com.