VWF Bancorp in Van Wert, Ohio, will soon have a new CEO.
The $145.8 million-asset company disclosed in a regulatory filing that Michael Cahill will also become its president on Jan. 1. Cahill will also join VWF’s board.
Cahill will succeed Mark Schumm, who will become chief risk officer.
Cahill has been serving as a consultant to the bank since September.
VWF had disclosed earlier this year as part of its plan to convert to a fully stock-owned company that Schumm would step down as CEO.
VWF said at the time that Schumm’s move would allow him to “better … facilitate our business strategy component of continuing to seek to grow and diversify our loan portfolio by increasing originations of commercial real estate loans and commercial and industrial loans.”