Illinois State Bank Parent Promotes Two Senior Leaders
Jay McKenna named executive vice president and chief operating officer; Andrew Wallach named chief financial officer
LAKE IN THE HILLS, Ill. – Illinois State Bank today announced that the Board of Directors of its parent company, Wisconsin-based North Shore Bank, has elected Jay F. McKenna executive vice president and chief operating officer and Andrew S. Wallach III chief financial officer of the institution. McKenna, who has been with the bank since 1999, previously served as its senior vice president, chief financial officer and treasurer. Wallach, a 26-year veteran of the bank, was previously senior vice president.
The leadership transition is part of a succession plan adopted more than two years ago when the bank’s then-executive vice president, Richard M. Brophy, announced his intention to retire at the end of 2009, said Jim McKenna, North Shore Bank’s president and chief executive officer.
“Jay and Drew are talented bankers and business leaders who have helped guide North Shore Bank and Illinois State Bank’s strength and success for many years, and they are well-prepared to assume these senior leadership roles,” Jim McKenna said. “Our goal is a seamless, transparent and efficient transition. Having highly qualified, committed leaders such as Drew and Jay in these roles will allow the bank to continue to do the work we’ve done so well for more than 85 years – provide the services people need to meet their financial goals; build a strong, principled business; and give back to our communities.”
Jay McKenna, 41, is a graduate of Marquette University and a certified public accountant who joined North Shore Bank in 1999 after beginning his career with an international accounting firm. He is past president of the Milwaukee chapter of Financial Executives International, and currently serves as Vice Chairman of the Government Relations Committee of Wisconsin Bankers Association and on the Accounting Administration Committee of American Bankers Association.
McKenna is a board member of the Zoological Society of Milwaukee, the Western Racquet Club, and the Alumni Board of Marquette University High School. He is a member of the Wisconsin Institute of Certified Public Accountants and the American Institute of Certified Public Accountants.
McKenna lives in Brookfield, Wis., with his wife and three sons.
Wallach, 55, is a CFA Charterholder who has been with North Shore Bank since 1984. He has managed the bank's investment portfolio, wholesale funding, and asset/liability management efforts. Wallach received his Bachelor of Business Administration from the University of Notre Dame and MBA from the Thunderbird School of Global Management.
Wallach currently serves on the Board of Trustees of the Frank L. Weyenberg Public Library of Mequon-Thiensville and volunteers with the Ozaukee County Humane Society.
Wallach, who is married and has five daughters, is a resident of Mequon, Wis.
“We’re glad to have Drew and Jay in these senior leadership positions at North Shore Bank,” Jim McKenna said. “Our bank, and the people and communities we serve, will continue to have an extremely bright future with these two fine bankers in the lead.”
Illinois State Bank is a division of North Shore Bank, which was founded in 1923 and has assets of $1.9 billion and 44 offices throughout eastern Wisconsin and northeastern Illinois. Current Illinois State Bank locations are at 1301 Pyott Road in Lake in the Hills and 1689 N. Curran Road in McHenry. Locations and ATM's.
Posted 1/11/2010
