Last updated on July 2nd, 2019 at 09:58 am
Baumgarten will be new president of Bank Mutual
Milwaukee-based Bank Mutual, a wholly-owned subsidiary of Bank Mutual Corp. has appointed David Baumgarten as president of the bank.
Michael Crowley Jr. will relinquish the title of president of the bank but will remain as chairman and chief executive officer.
Baumgarten also was elected to serve as a director of the bank, effective as of the close of business on April 19, 2010.
Since 2001, Baumgarten served as a senior banking executive with Associated Bank, including in the positions of executive vice president, regional banking and regional president of Associated Bank’s Southeast region. Baumgarten also served as a director of Associated Bank and a director of Associated Financial Group, LLC (a subsidiary of Associated Bank).
From 1979 to 2001, Baumgarten served in various roles with U.S. Bank, including among other positions, as president and CEO of U.S. Bank, Wisconsin, and as president and CEO of U.S. Bank, Colorado.
Baumgarten currently serves on the boards of directors of the Metropolitan Milwaukee Association of Commerce, the Wisconsin Policy Research Institute, the Milwaukee Development Corp., the Boys & Girls Club of Greater Milwaukee, the Greater Milwaukee Committee and the Advisory Board of the University of Wisconsin-Milwaukee School of Business.
"Dave comes to Bank Mutual with an extensive background in commercial banking and leadership. We look forward to having him as an integral part of our management team," said Crowley.
Baumgarten said, "I’m excited about the opportunity to work with the team Mike has assembled at Bank Mutual and being a part of the company’s future success"
Bank Mutual is the fifth-largest banking institution headquartered in Wisconsin, with assets of $3.5 billion.
Braun is new CFO of Dickten Masch
Nashotah-based Dickten Masch Plastics LLC has appointed Steven Braun as chief financial officer. In addition to financial leadership, Braun also will be responsible for the human resources and information technology functions of the business. Braun brings more than 24 years of experience in financial leadership, operations management and world-class manufacturing to the position. Most recently, Braun was CFO of Adaptive Micro Systems LLC, an LED display manufacturer for indoor and outdoor communication and advertising. Prior to that post, Braun held management positions in finance with Waukesha Electric Systems Inc. and HUSCO International Inc. He began his career with Price Waterhouse in Dallas, Texas.
“Steven joins Dickten Masch at a very important time in our history, said Steven Dyer, president and chief executive officer of Dickten Masch. “As a company, we are committed to equipping our customers with every possible advantage in today’s challenging business environment. This means the continued growth of both our services and our manufacturing footprint. Steven’s experience and competencies will be a huge asset as we design and successfully implement these strategies.”
“This is clearly an exciting time to join Dickten Masch,” Braun said. “Not only is the company enjoying strong growth, they have an experienced and dedicated leadership team that’s committed to the company’s ongoing success. I’m looking forward to partnering with them and to contributing my expertise to help the team accomplish its growth goals.”