Financial Services Industry People in the News

Park Bank names new president

The board of directors at Milwaukee-based Park Bank has named Dave Werner as the bank’s next president. Werner will succeed P. Michael Mahoney, as the bank’s president. Mahoney will continue to serve as the bank’s chairman and chief executive officer.

Mahoney has served as president of Park Bank for 27 years, and CEO and Chairman for 24 years. Werner’s promotion is the beginning of a leadership transition plan for the company.

“The timing is right to begin the transition process,” Mahoney said. “To ensure a smooth, natural transition, I will remain involved and committed as chairman of the board and chief executive officer of Park Bank.”

Werner has worked with Park Bank for 21 years, most recently as its senior vice president and market manager.

“Dave has a strong knowledge of the banking industry, financial operations, commercial banking, and our customer base,” Mahoney said. “I congratulate him on the successes he has achieved and look forward to more to come.”

“I am honored to have the opportunity to continue Park Bank’s strong leadership and commitment to serving our customers, stockholders, employees and community,” Werner said. “I have greatly benefited from the mentorship extended to me by Mike Mahoney over the past 21 years and am grateful to know that I can continue to depend on his support.”

The bank has made several other senior level promotions.

Phil Hackman has been named executive vice president of product sales and marketing. Hackman, who was previously senior vice president and market manager, will now oversee the bank’s treasury management, private banking, personal banking, consumer investments, residential mortgages and marketing.

Bob Makowski has been named executive vice president and chief financial officer. Makowski was previously senior vice president and chief financial officer.

Kim Schaffer, senior vice president and market manager, will now oversee the bank’s leasing activities.

“Park Bank has prospered for 95 years because of our strong leadership team, a constant belief in who we are and what we do, and a loyal group of customers and employees,” Mahoney said. “Our senior leadership team has worked together collectively and collaboratively for nearly 10 years, and will continue to do so. We are well positioned for the future and this planned transition allows us to continue our successful planning for the years ahead.”

First Business Bank-Milwaukee adds Brandes to board

First Business Bank-Milwaukee has named JoAnne Brandes to its board of directors.

First Business Bank-Milwaukee is a part of Madison-based First Business Financial Services Inc.

Brandes is a founder and senior fellow of the Carroll University Center for Leadership Excellence. She is an attorney; an outside board member of several corporations; and speaker and consultant specializing in leadership development, corporate structure and governance, cultural transformation, and change management.

She retired after a long career with the S.C. Johnson family of companies as executive vice president, general counsel and secretary of JohnsonDiversey Inc. Brandes is currently a trustee of Carroll University; chair of the UW-Eau Claire Foundation Board, and a member of the Strategic Planning Committee; as well as a member of the UW-Eau Claire Chancellor’s Council.

Brandes will be one of the featured panelists in the BizTimes Women in Business Forum to take place at the BizTech Conference & Expo on Wednesday, April 28. For additional information, visit

Madison-based First Business Capital Corp. has hired Kevin McGraw as a collateral analyst. First Business Capital Corp. is a part of First Business Financial Services, Inc. McGraw will be responsible for working with existing clients on loan advances, collateral reporting, and other operational issues.

Brookfield-based Spring Bank has hired Heather Nelson as senior vice president and commercial banker. Nelson worked previously as chief lending officer and senior vice president with Milwaukee-based Legacy Bank.

At Spring Bank, Nelson will be responsible for overseeing the commercial, mortgage and consumer loan areas. 

“Both our customers and Spring Bank will benefit greatly from Heather’s years of experience.  She has an excellent reputation,” said Spring Bank President and CEO David Schuelke. “We’re excited to have both Heather and Janis join us as we continue to provide our customers with the service they deserve from experienced bankers who make timely decisions and provide helpful advice.”

Spring Bank has also hired Janis Hepp as a loan operations specialist. Hepp formerly worked as a commercial banking associate at Citizens Bank.

Northern Trust has hired Meghan M. O’Callaghan as its vice president of trust administration at the bank’s Milwaukee branch. O’Callaghan will be responsible for administering large complex trusts for Northern Trust’s personal financial services clients. She reports to Matthew Peterson, senior vice president of personal trust administration in Milwaukee.

“Meghan’s notable experience in both banking and law will prove to be an asset to our team as well as our clients,” Peterson said.  

Northern Trust has also promoted Roger Sandell to senior vice president and manager of the banking services group.

Sandell is responsible for coordinating the new banking business development efforts and relationship management activities for individuals, middle market companies and non-profit organizations. He reports to James Kuehn, president and chief executive officer Northern Trust in Wisconsin.

“We are pleased to welcome Roger to our team. Our clients will undoubtedly benefit from his extensive banking knowledge,” said Kuehn.


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