Merchants & Manufacturers Bancorporation, Inc. Significant Promotions Announced
2005年2月22日 - 4:20AM
PRニュース・ワイアー (英語)
Merchants & Manufacturers Bancorporation, Inc. Significant
Promotions Announced NEW BERLIN, Wis., Feb. 21
/PRNewswire-FirstCall/ -- Merchants & Manufacturers
Bancorporation, Inc. (OTC:MMBI) (BULLETIN BOARD: MMBI)
("Merchants"), a $1.4 billion asset financial holding company,
today announced the promotion of three individuals of the Merchants
management team. These three promotions will become effective on
April 1, 2005. James C. Mroczkowski has been promoted to Chief
Operating Officer (COO). James will coordinate the activities of
Deposit Operations, Loan Operations, Information Technology,
Marketing, Human Resources and Facilities Management. As COO, James
will lead our operations team towards enhancing customer service
while creating efficiencies throughout the organization. James
joined Merchants in 1983 and served in various capacities until he
was named Chief Financial Officer in 1994. James has a Bachelors
degree in Business Administration from the University of Wisconsin
Milwaukee. Frederick R. Klug has been promoted to Chief Financial
Officer (CFO). As CFO, Fred will lead the financial team and be
responsible for enhancing our financial reporting and
asset/liability management as well as performing detailed financial
analysis and planning. Prior to joining Merchants in 2001 as
Director of Corporate Finance, Fred spent six years as an
investment banker with Robert W. Baird & Co. Fred has a
Bachelors degree in Business Administration from the University of
North Carolina in Chapel Hill and a Masters degree in Business
Administration from the University of Notre Dame Mendoza College of
Business. Peter J. Schumacher has been promoted to Corporate
Treasurer. As Treasurer, Peter will continue to manage our
investment portfolio and enhance our cash management function
across the organization. After spending 10 years with Security
Savings in the accounting department, Peter joined Grafton State
Bank in 1990 as Controller. In 2003, Peter was named Controller of
Merchants. Peter has a Bachelors degree in Accounting from Lakeland
College. Michael J. Murry, President, CEO and Chairman of
Merchants, commented, "I am excited to announce the promotion of
these three individuals. As Merchants has gone through a year of
enormous change in 2004, we are making these changes to enhance our
effectiveness and profitability in 2005 and beyond." Merchants
& Manufacturers Bancorporation, Inc. is a financial holding
company headquartered in New Berlin, Wisconsin, a suburb of
Milwaukee. Through our Community Financial Group network, we
operate seven banks in Wisconsin (Community Bank Financial,
Fortress Bank Westby, Franklin State Bank, Grafton State Bank,
Lincoln State Bank, The Reedsburg Bank and Wisconsin State Bank),
one bank in Minnesota (Fortress Bank Minnesota) and one bank in
Iowa (Fortress Bank Cresco). Our banks are separately chartered
with each having their own name, management team, board of
directors and community commitment. Together, our banks operate 44
offices in the communities they serve with more than 100,000
clients and total assets of $1.4 billion. In addition to
traditional banking services, our Community Financial Group network
also provides our clients with a full range of financial services
including investment and insurance products, residential mortgage
services, private banking capabilities and tax consultation and tax
preparation services. Merchants' shares trade on the
"bulletin-board" section of the NASDAQ Stock Market under the
symbol "MMBI." Certain statements contained in this press release
constitute or may constitute forward-looking statements about
Merchants which we believe are covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. This release contains
forward-looking statements concerning the Corporation's prospects
that are based on the current expectations and beliefs of
management. When used in written documents, the words anticipate,
believe, estimate, expect, objective and similar expressions are
intended to identify forward-looking statements. The statements
contained herein and such future statements involve or may involve
certain assumptions, risks and uncertainties, many of which are
beyond the Corporation's control, that could cause the
Corporation's actual results and performance to differ materially
from what is expected. In addition to the assumptions and other
factors referenced specifically in connection with such statements,
the following factors could impact the business and financial
prospects of the Corporation: general economic conditions;
legislative and regulatory initiatives; monetary and fiscal
policies of the federal government; deposit flows;
disintermediation; the cost of funds; general market rates of
interest; interest rates or investment returns on competing
investments; demand for loan products; demand for financial
services; changes in accounting policies or guidelines; and changes
in the quality or composition of the Corporation's loan and
investment portfolio; and the result of the Corporation's
discussions with the WDR. Such uncertainties and other risk factors
are discussed further in the Corporation's filings with the
Securities and Exchange Commission. The Corporation undertakes no
obligation to make any revisions to forward-looking statements
contained in this release or to update them to reflect events or
circumstances occurring after the date of this release. DATASOURCE:
Merchants & Manufacturers Bancorporation, Inc. CONTACT: Michael
J. Murry, President, CEO and Chairman of Merchants &
Manufacturers Bancorporation, Inc., +1-414-425-5334 Web site:
http://www.communitybancgroup.com/
Copyright