January 7, 2009
WoodTrust Bank, headquartered in Wisconsin Rapids with additional offices in Wausau and Plover, has appointed Chad D. Kane as President and Chief Operating Officer of the company. Steven C. Bell, who previously held the title of president, will continue as Chairman and Chief Executive Officer of the privately-held financial institution.
Mr. Kane’s appointment by the Board of Directors was made in conjunction with the January 1, 2009 merger of WoodTrust Asset Management into its affiliated company, WoodTrust Bank. Mr. Kane has been with the WoodTrust group of companies since 1996, serving as President of WoodTrust Asset Management and Executive Vice President of WoodTrust Bank since 2000.
Mr. Bell stated that, “Chad has been a key factor in the growth and success of the WoodTrust companies over the last 12 years and this appointment recognizes those accomplishments. As a result of the formal merger of our two sister companies, Chad will help WoodTrust Bank create an even more seamless client experience as we strive to continue our emphasis on high quality financial products and customer service.”
WoodTrust Bank began operations in Wisconsin Rapids in 1891 and now serves over $1.1 billion in client assets. The company is one of the largest privately owned, full service financial institutions in central and northern Wisconsin, with total assets of $330 million. In addition to business and personal banking services, WoodTrust Bank offers comprehensive investment management, trust, retirement plan, and estate planning services across the United States, with over $800 million in assets under management.