Michael Edwards, longtime CEO of Marquette Savings Bank, will retire in July 2022 after 20 years, the Marquette Savings Bank board of directors announced on Friday.
The bank’s executive vice president and director of corporate banking, John Dill, was chosen to succeed Edwards.
The CEO transition will begin April 1, 2022. At that time, Edwards will become CEO Emeritus to assist with the leadership transition until his retirement in July, and Dill will assume his duties as CEO.
Edwards began his career at Marquette in 1988 as an accountant. He was promoted to vice president and controller in the 1990s and became CEO in 2002, succeeding longtime CEO Frank Vogt.
According to the bank, during his tenure as CEO, Edwards added 108 jobs in Erie and Crawford counties. Additionally, the bank was ranked by the Best Places to Work in Pennsylvania for 2017, 2018, 2019, 2020, and 2021, and one of the Best Banks to Work for American Bankers for 2018, 2019, 2020, and 2021.
“For me, leading Marquette has always been about creating an environment where employees can perform at their best,” Edwards said. “As an organization, it has always been about doing the best we can for our retail and business customers. Looking back on the past 20 years, I am very proud of what we have all accomplished together. It has been a privilege to work with such an exceptionally dedicated and knowledgeable team of management and staff. With the support of the Board of Directors, they have all worked hard to transition to the community banking model we see today to better serve retail and business customers in Erie and Crawford counties. Marquette is well positioned for future growth and I am very excited about what the team will achieve in the future under John’s leadership,” said Edwards.
John Dill started his career at the bank as an accountant in 1985. He joined the bank in 2017 as Vice President of Corporate Banking after spending over 21 years in commercial banking across the region .
“I look forward to building on the momentum that Michael has established here at Marquette and working towards achieving the goals and expectations of the Board of Directors for our organization,” said Dill. “I am fortunate to be able to be part of an organization with such a culture of customer engagement and the ability to make a difference right here in our community. It is a responsibility that I take very seriously. »
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According to the bank, during his tenure, the volume of business and personal loans increased significantly, achieving a record year in 2021.
Dill also helped the bank gain national recognition for its ability to secure help from the Paycheck Protection Program for local businesses during the height of the pandemic.