Mid America Bank Hires Abbott as VP Treasury Management Officer
Mid America Bank is pleased to announce Michelle Abbott has joined the Bank as VP Treasury Management Officer. In this role, she will be responsible for sales, administration and development of the Bank’s treasury management products and services, as well as digital banking solutions.
Michelle brings 24 years of banking experience to Mid America Bank, having held a variety of positions — from teller to assistant branch manager — over the years. Most notably, the last 15 years of her career were spent as the Electronic Banking Coordinator for First Mid Bank & Trust, formerly known as Providence Bank.
Michelle holds a Bachelor of Science Degree in Business Administration from Lincoln University. She and her husband Steve reside in Wardsville, where they are members of St. Stanislaus Catholic Church. Outside of work, she enjoys spending time with family and friends.
Mid America Bank Acquires Bank of St. Elizabeth
Friendship Bancshares Inc., the parent company of Mid America Bank, has announced the completion of its acquisition of the Bank of St. Elizabeth. “We are thrilled to close the acquisition of the Bank of St. Elizabeth,” commented Mark Luebbert, Chairman of Friendship Bancshares Inc. and President & CEO of Mid America Bank. “We are very excited about the linking of two great local and longstanding banks with common ownership,” Luebbert further added. The acquisition brings together the history of two great local banks that began in 1914, just a mere 15 miles apart.
The acquisition was announced in the fall of 2021, with plans to merge the two institutions in late 2022. Additional information will be provided to clients in the future about any changes affecting them. In the meantime, current clients of both institutions are encouraged to verify that their contact information is up-to-date and correct.
“We’re looking forward to welcoming everyone to our organization in late 2022, once integrated, and we look forward to a bright future together,” closed Luebbert.
Adrian Bank Announces Board Changes
The Board of Directors of Adrian Bank is pleased to announce the following: Cary R. Six has been named the new Chairman of the Board, effective Jan. 1, 2022. Mr. Six will continue his duties as Chief Executive Officer of the Bank. He has been with Adrian Bank for more than 17 years and held various officer positions at the bank over that time. Mr. Six is filling the Chairman position vacated by the retirement of Alan Marr, who served as Chairman of the Board since 2018 and had been with the bank for 40 years, most recently serving as Executive Vice President.
In addition, Debbie Umstattd has been named a director of the bank, filling an open position on the board. She previously served as Secretary of the Board since 2005, as well as being an employee of the bank since 1982. Ms. Umstattd will also continue to serve as a Senior Vice President of the Bank overseeing loan operations and financial reporting duties.
The Board Secretary position will be filled by Christie Bunch. She has over 15 years of community banking experience and will continue to serve as Vice President of the bank, working in compliance and operations.
Danny Milligan has also retired from the bank as of Dec. 31, 2021. He was the lead Agriculture Lender of the bank and an Executive Vice President. He had been with the bank for over 35 years. Mr. Milligan will retain his seat on the Adrian Bank Board of Directors.
Affordable Housing Grants
Dec. 13, 2021, FHLB Des Moines awarded more than $11.8 million for 19 building or renovation projects in Missouri. Local housing organizations will build new houses and renovate existing homes and rental properties. The grants are part of its 2021 Competitive Affordable Housing Program awards and will benefit more than 540 families and individuals.
Appointments and Reappointments to the Affordable Housing Advisory Council
FHLB Des Moines has an Affordable Housing Advisory Council that makes recommendations to its board of directors about meeting district needs for affordable housing and community economic development. The district includes 13 states and three territories. The council appointed or reappointed five members to the advisory council for a three-year term that began Jan. 1, 2022.
Michael Akerlow (Reappointed)
Mike was first asked to fill an open position in 2020. He has now started his first full term on the council.
Mike is the CEO at the Community Development Corporation of Utah, where he oversees the acquisition, development, and rehabilitation of single- and multifamily housing. He is also a member of the National Association of Housing and Redevelopment Officials. Mike has a B.A. in English from the University of Utah and an M.S. in real estate development from Columbia University.
Kevin Bryant (Appointed)
Kevin has been asked to represent Missouri on the advisory council. He is the president of Kingsway Development LLC and the CEO of Conversions Global Marketing. For the last 24 years, Kevin has been involved in almost every part of commercial real estate and urban planning. He has Master Development rights to more than 207 prime acres of St. Louis real estate, and he has revitalized properties that were vacant or underused. Many of Kevin’s St. Louis projects have supported equitable development in the region. For example, he created a mixed-use office building for entrepreneurs in an abandoned warehouse and was also involved in constructing a 200-unit market-rate apartment building.
Kevin has a B.A. in advertising from the Art Institute of Pittsburgh.
Juel Burnette (Appointed)
Juel has been asked to serve as an at-large advisory council member representing Natives. He is a branch manager at 1st Tribal Lending, the team manager for HUD 184 mortgages, and has served Indian Country for 25 years in the mortgage and banking industry. His work supports Native homeownership and helps Tribes, Tribal Housing Authorities, and tribal members.
Juel is an enrolled member of the Rosebud Sioux Tribe. He graduated from Todd County High School on the Rosebud Indian Reservation and attended the University of South Dakota and Sinte Gleska University.
Robert Peterson Jr. (Reappointed)
Bob is now serving a second term on the advisory council. He is a multifamily housing and community facilities division manager with the Washington State Housing Finance Commission in Seattle, Washington. Bob has been with WSHFC for more than 18 years and has experience in affordable housing finance. He has a bachelor’s degree in business administration from Washington State University and received an executive development certificate from Notre Dame’s Mendoza College of Business.
Renee Stevens (Appointed)
Renee has been asked to serve as an at-large advisory council member. She is the executive director of Open House Ministries in Vancouver, Washington, a Vancouver-based family shelter with a program to prevent poverty and homelessness by teaching and helping participants. Renee is a program graduate who started as a single mother with three children. She became a nighttime security officer for OHM and advanced until she became the director in 2017. She works with donors and community partners and is a leader and mentor within the program.
Renee has a B.A. in human development from Washington State University in Vancouver. She also has A.A. and A.S. degrees from Clark Community College in Vancouver.
