Richard Hensley has been named chief executive officer of Waukesha-based InvestorsBank. Hensley will officially start work at InvestorsBank on Wednesday. Hensley served previously as Wisconsin president of Citizens Bank.
Timothy Schadeberg, who was named president of the bank in May of 2008, will continue in that role.
The bank’s approach to banking with privately held businesses and their owners appealed to Hensley, he said, because of its desire to bank the entire client.
“We’re looking for entrepreneurs who are committed to growing their business, who wants someone to be their trusted advisor,” Hensley said. “We’re trying to collectively create a group that is all committed to that idea.”
InvestorsBank was founded in 1997 by George Schonath. Schonath passed away late last year. His family continues to own the bank and his daughters are acting as co-chairs of its board.
The bank has historically been selective about its clients, Schadeberg said, and Hensley will continue that focus.
“Dick will be adding a strategic focus,” Schadeberg said. “We’re looking for long-term relationships.”
As the banking industry recovers from the economic downturn, community-based financial institutions will be poised for significant growth, Hensley said.
“You can walk in and talk to your banker, the president and maybe even the owner,” he said. “You can get an almost immediate decision on a transaction. And we can do just about anything that anyone needs – we may not have the product in our arsenal, but we can act as a quarterback (with other financial providers) so we can provide everything you need.”
In December, InvestorsBank hired its own treasury manager, Schadeberg said. Between the new manager, its existing private bankers and other employees, the bank now effectively has its own private banking department. In the next several months, the bank will begin branding, marketing and packaging products for its private banking offering, Hensley said.
“The fundamentals are all in place. The business products will not change, but how we do it will,” he said.
For more information, visit www.investorsbank.com