ROCHESTER, Minn. – New credit union-convert Think Mutual Bank yesterday announced that its long-time president and CEO, Paul Horgen, is retiring and will be succeeded by the $1.3 billion institution’s chief operating officer, Paul Mackin.
Processing Content
During his 20 years at the helm, Horgen helped transform the credit union giant, first from an IBM employees credit union, then to a mutual savings bank last July. The conversion to a bank was one of the largest ever for a credit union.
Through it all, the institution has retained its original ties to its corporate sponsor with the Think moniker, named after the IBM Thinkpad laptop computer.
