Jennifer Provancher has been promoted to chief executive officer of Wauwatosa-based The Equitable Bank, succeeding former CEO John Matter, according to a filing with the U.S. Securities and Exchange Commission.
The boards of directors for TEB Bancorp Inc. and its wholly owned subsidiary, The Equitable Bank, voted recently to promote Provancher to chief executive officer. Provancher will remain president of the bank with her new role as CEO beginning Sept.1.
Provancher has a combined 34 years of experience between The Equitable Bank and its subsidiaries. She also recently joined the Wisconsin Bankers Association Board of Directors.
“I have had the pleasure of being part of the leadership of The Equitable Bank for many years and I am excited to continue our legacy of helping people save money to buy homes and/or grow their businesses,” Provancher said. “We have assembled a great team of employees that will be there with me to achieve these objectives.”
Lauren Poppen was also promoted to chief financial officer of both TEB Bancorp Inc. and The Equitable Bank, effective July 1 and is also replacing Provancher in this role.
Poppen joined The Equitable Bank in 2014 as the assistant controller and then treasurer and controller in 2019. She had previously served as audit manager at a division of the BMO Harris Group.
“What has attracted me to The Equitable Bank is a working environment that is one of inclusion and where our board and executive team are engaged with me on both a personal and professional level,” Poppen said.
After 40 years with the The Equitable Bank, Matter will transition to a part time employee and will continue to serve as the board chairman of both entities. Matter had been president and CEO of the bank since 2004 and vice chairman of the board since 2005 before becoming chairman in 2019. He began his career with The Equitable Bank in 1980 as a branch manager/loan officer at the bank’s Brookfield location.
The Equitable Bank specializes in mortgage lending, personal and business banking in the Greater Milwaukee Area.
The bank has five branches and 1 mortgage lending office throughout southeastern Wisconsin. As of March 2020, The Equitable Bank had about $297.44 million in assets.