---
schema_version: "secwatch.filing_event.v1"
accession: "0000842517-23-000076"
form_type: "8-K"
ticker: "ISBA"
cik: "0000842517"
company_name: "ISABELLA BANK CORP"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T07:12:12.256093+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000842517-23-000076
- form_type: 8-K
- ticker: ISBA
- cik: 0000842517
- company_name: ISABELLA BANK CORP
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842517/000084251723000076/0000842517-23-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842517/000084251723000076/isba-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000842517-23-000076
- JSON: https://secwatch.observer/filing/0000842517-23-000076.json
- Plain text: https://secwatch.observer/filing/0000842517-23-000076.txt

## Key facts
- Executive change
  Jae A. Evans retired as President and Chief Executive Officer at ISABELLA BANK CORP.
  - Action: retired
  - Role: President and Chief Executive Officer
  source text: 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/842517/000084251723000076/0000842517-23-000076-index.htm
- Executive change
  Neil M. McDonnell was appointed as President of Isabella Bank at ISABELLA BANK CORP.
  - Action: appointed
  - Role: President of Isabella Bank
  source text: appointed Neil M. McDonnell as President of Isabella Bank, both effective January 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/842517/000084251723000076/0000842517-23-000076-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.