Greenfield-based 1895 Bancorp of Wisconsin Inc., the holding company of PyraMax Bank, has named David R. Ball as president and chief operating officer of both the holding company and bank.
Ball will begin his new position on Feb. 22. Richard Hurd, who previously held the president position, will continue as chief executive officer of the company and the bank.
Ball has spent 30 years in the banking industry, including most recently as managing director of correspondent banking at BMO Harris.
"I have known and worked with David from our time at Bank One Milwaukee and most recently in his role as our correspondent banker, where he managed our relationship with BMO Harris over the past 5 years,” Hurd said. “His depth of experience in finance, commercial lending and management, positions David for successfully growing 1895 Bancorp of Wisconsin, Inc. and PyraMax Bank. He will add considerable depth to our management team as we move ahead.”
Ball’s employment agreement calls for an initial three-year term. He will receive a $100,000 signing bonus and will be granted restricted stock awards and stock options. He will have a base salary of $290,000. The bank will also pay initiation and membership fees for Ball to join Westmoor Country Club.
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