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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a “non interest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

MEET MANAGEMENT

 Keith Pollek

Keith E. Pollek, President & CEO:  Keith has served in numerous leadership and bank management roles throughout his career. In addition to 27 years of banking experience and four years in manufacturing management, he holds a MBA in Finance and Banking, has attended several banking schools including the Wisconsin Bankers Association Commercial Lending School, and has taught courses for the American Institute of Banking. Keith oversees all facets of the bank’s operations and serves on the bank Board of Directors.


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 BarbBakshis Meet Mgmt

Barbara A. Bakshis, Executive Vice President:  With a diverse banking background spanning nearly three decades, Barb has served in various leadership and management positions throughout her career. Barb currently oversees mortgage services, facilities and human resources.  She is currently a business banker with Fox River State Bank and is a founding organizer and Director of the bank serving on the Loan and Asset/Liability Committees.

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 J Schmid

Jeffery A. Schmid, SVP, Risk Management:  Jeff joined the bank in March 2004 and has held various management positions in his span of 25 years of banking, including compliance, audit, operations and information security.  Jeff's primary focus for Fox River State Bank is managing risk and regulatory oversight.  Jeff currently serves on the Government Relations Committee for the Wisconsin Bankers Association and is a Certified Regulatory Compliance Manager and Certified Risk Professional. 

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Bob Scuglik

Robert J. Scuglik, SVP, Chief Financial Officer:  Bob joined the bank in 2006 as Controller with a BBA in Finance and 30 years of banking experience.  Today, he oversees all aspects of the bank's internal operations and external regulatory reporting requirements.  His duties encompass all financial and accounting related matters for the bank including budgeting, taxes and financial analysis.  In addition to managing the bank's financial statements, Bob also chairs the Asset/Liability Committee. 

 

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