Financial Services Industry People in the News

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, effective Monday, April 12.

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.


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