The Equitable Bank, S.S.B. and TEB Bancorp, Inc. Announce Changes to Leadership
The Board of Directors of The Equitable Bank, S.S.B. and TEB Bancorp, Inc. is pleased to announce that Jennifer Provancher, a director since 2005 and vice chair since 2021, will now serve as Chairman of the Board for both entities beginning April 1, 2024.
This announcement coincides with Ms. Provancher stepping back from her role as chief executive officer. Tom Sattler, current president, will assume the roles of both chief executive officer and president of both entities. The role of chairman will keep Ms. Provancher connected to the bank’s management team during this time of transition.
“I have worked closely with Jenny for the entirety of her outstanding career here at the Equitable Bank,” stated John Matter, former chair and recently appointed vice chair of the Board of Directors. “I am happy to see Jenny assume this new role of leadership that will continue to complement the team that she has assembled and surrounded herself with. I look forward to supporting her ongoing leadership of this organization.”
Ms. Provancher has a combined 38 years of experience between The Equitable Bank and its subsidiaries. She has recently completed her term as a member of the Board of Directors of the Wisconsin Bankers Association where she also served as Audit Finance Committee Chair and she is recognized as a leader within the banking industry.
Ms. Provancher held various positions at another financial institution in Milwaukee beginning in 1983, and was also an audit senior at Ernst & Young, located in Milwaukee, Wisconsin. Ms. Provancher has served on the board of the Wisconsin Club, where she was a long-time member of the Finance Committee. She was also a long-time member and past president of the Milwaukee Chapter of the Financial Managers Society and served as Treasurer of the Exchange Club of Milwaukee. A graduate of the University of Wisconsin–Madison, with a Bachelor of Business Administration Ms. Provancher majored in accounting and is a Certified Public Accountant in the State of Wisconsin.
John P. Matter, current chairman of the Board of Directors of both entities will assume the role of vice chair. Mr. Matter has been with The Equitable Bank since 1980 and has held positions from branch manager/loan officer to CEO and president during his tenure with the bank.
In announcing Mr. Sattler as the bank’s chief executive officer, he will retain his role as president for both entities and will continue to lead the bank’s culture that values steady growth, community involvement, outstanding customer service, providing internal advancement opportunities and continued modernization of products, processes, and tools.
Mr. Sattler will continue to promote the bank and its role in providing timely and innovative lending solutions for local commercial and residential borrowers throughout the Milwaukee metropolitan area. “I am excited that Tom has accepted this new leadership role,” said Jennifer Provancher, former CEO and newly appointed chairman of the Board of Directors. “Tom and the team we have assembled are charged with continuing the legacy that The Equitable Bank has established for nearly 100 years. I’m confident that Tom’s leadership will assure the bank’s continued success for many years to come.”
Mr. Sattler has over 30 years of banking experience at four community banks focusing on customer service, product development, marketing and public relations. While at Equitable, Mr. Sattler has been instrumental in developing the commercial banking framework that has allowed the bank to diversify its lending portfolio. Mr. Sattler serves on various Wisconsin Bankers Association committees, is active in community banking advocacy and participates in a variety of local civic organizations.
He has a Bachelor of Arts Degree (B.A.) from Indiana University, graduated from Cardinal Stritch University with a Master’s Degree in Business Administration (M.B.A.), and completed studies at the Graduate School of Banking at the University of Wisconsin–Madison.