Eagle Rock Bank in Rochester, Minn., will soon have streamlined leadership.
The $275 million-asset bank said in a press release that Brad Becker will retire as president and co-CEO at the end of this year. He will remain on the board.
Larry Schminski, a former Federal Deposit Insurance Corp. examiner and the bank’s co-CEO, will become the sole CEO. Kelly Nelson, the bank’s chief operating officer and director of human resources, will become president.