Isabella Bank Corp CEO Jae Evans to retire Jan 2024; Jerome Schwind elected CEO, Neil McDonnell named President

ISABELLA BANK CORP

Jae A. Evans retires as CEO effective January 2024; will remain on both corporate and bank boards.
Jerome E. Schwind, President of Isabella Bank since 2015, elected CEO of Corp and Bank.
Neil M. McDonnell, current CFO, appointed President of Isabella Bank effective January 2024.
Under Evans, assets grew from $1.5B to over $2B; EPS rose from $0.38 to $2.95.
Succession follows board review; Schwind has 24 years with the bank, McDonnell 30 years banking experience.

item 5.02 item 9.01

Executive movements

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Departed

Jae A. Evans

President and Chief Executive Officer

ISBA · ISABELLA BANK CORP

Successor: Jerome E. Schwind
Filed: April 28, 2023, 7:59 PM ET

On April 26, 2023, Jae A. Evans announced his retirement as President and Chief Executive Officer of Isabella Bank Corporation (the "Corporation"), to the Corporation's Board of Directors (the "Board").

Role change

Neil M. McDonnell

President of Isabella Bank

ISBA · ISABELLA BANK CORP

Filed: April 28, 2023, 7:59 PM ET

appointed Neil M. McDonnell as President of Isabella Bank, both effective January 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jae A. Evans retired as President and Chief Executive Officer at ISABELLA BANK CORP.

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

On April 26, 2023, Jae A. Evans announced his retirement as President and Chief Executive Officer of Isabella Bank Corporation (the "Corporation"), to the Corporation's Board of Directors (the "Board").

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Neil M. McDonnell was appointed as President of Isabella Bank at ISABELLA BANK CORP.

Action: appointed
Role: President of Isabella Bank

Exact text from the filing

appointed Neil M. McDonnell as President of Isabella Bank, both effective January 2024.

View on SEC.gov

ISABELLA BANK CORP filing history →

Source: SEC EDGAR

accession 0000842517-23-000076

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