Isabella Bank in Mt. Pleasant, Mich., has implemented its succession plan.
The $2 billion-asset company said in a press release that Jerome Schwind will become its president and CEO in January.
Schwind, the bank’s president since 2015, will succeed Jae Evans, who is retiring. Neil McDonnell, the company’s chief financial officer, will replace Schwind as bank president.
Evans, who has been CEO since January 2014, will remain on the board.
“Jae has been a strong, effective leader,” Sarah Opperman, the company’s chair, said in the release. “We are thankful for his steady leadership, especially during the last several years of volatility in the economy and our industry.”
The board said it conducted a thorough review of the executive team as part of the succession planning process.