AnchorBank hires, promotes new leadership in commercial banking

Madison-based AnchorBank recently named Patricia Carlin to the newly created position of first vice president of banking operations. Carlin now oversees all banking operations and customer service, and works closely with the bank’s commercial banking and cash management groups.

She has worked previously with US Bank, Fifth Third Bank and Banner Bank.

AnchorBank has also established a business banking group focused on small to mid sized businesses and cash management sales. Linda Zimdars has been promoted to first vice president with the business banking group and will oversee the bank’s clients in small to mid size businesses.

“We have mined our internal pool of candidates as well as launched a broad-range search to find the top quality talent to bring their expertise to the commercial segment of the bank,” said Chris Bauer, CEO of AnchorBank. “As we continue to make strides in addressing the challenges we’re facing, these are the people that will be working to help ensure we are operating with our vision for the future of AnchorBank in mind.”

The bank also recently hired Martha Hayes as chief credit risk officer, Kurt Reindl as first vice president of credit administration and promoted Scott Ciano to head of the special assets group.

“These personnel changes bring AnchorBank an experienced team of senior management covering all key areas of commercial banking,” Bauer said. “A complete rearranging of the entire commercial loan and credit processes is underway with their guidance and as a result we expect to see substantial cost savings over time.”


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