Bank Mutual CEO to Retire in July

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+

The chief executive at Bank Mutual (BKMU) in Brown Deer, Wis., is stepping down after 45 years with the company.

Michael Crowley Jr. will also retire as the chief executive of the $2.4 billion-asset company's bank on July 1, the company said Friday in a filing with the Securities Exchange Commission.  He will remain chairman.

David Baumgarten, the company's president, will succeed Crowley. Baumgarten, who has been Bank Mutual's president since 2010, will retain that post.

Crowley, the son of Bank Mutual's founder, has worked for the bank since 1967, according to the Milwaukee Business Journal, which first reported on his retirement.

Crowley and Baumgartner told American Banker last year that they hoped to make Bank Mutual a "much larger company" through acquisitions.

JOIN THE DISCUSSION

SEE MORE IN

2014 Predictions Revisited: What the Seers Got Right and Wrong

A year ago we asked BankThink contributors to make bold predictions about how the financial industry would evolve in 2014. Here's a look back at their forecasts and the actual outcomes.

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.