Malvern Bank in Malvern, Iowa, will soon have a new president.
The $216 million-asset bank said in a press release that Kate McGann will take on the role on Jan. 1. She is the bank’s chief lending officer and is on the board.
Jay Burdic will remain chairman and CEO.
“The growth experienced by Malvern Bank and the community in recent years has been transformational and I look forward to being involved in the continuation of that growth,” McGann said in a statement. “I am truly honored that the Burdic family has entrusted me with a leadership role in this organization and that they are committed to Malvern Bank remaining a true community bank for decades to come.”