Wisconsin Banking Update
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Southport Bank Names New CEO
Posted on May 21st, 2009 No commentsGerald Schwallier will succeed Southport Bank founder Karl Ostby as president and chief executive of Southport Bank in Kenosha. Ostby, who started the bank in 1997, said earlier this year that he plans to retire. Schwallier, 62, was founding president of Meridian Capital Bank in Milwaukee. He also was the market chief executive for Bank One in Kenosha and Racine. He most recently was executive vice president and chief credit officer for the Bank of Scottsdale in Arizona. Read the Milwaukee Journal Sentinel article.
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