AJS Bancorp in Midlothian, Ill., has given its chairman and chief executive the additional title of chief financial officer.
The $210 million-asset company said Thomas Butkus will become CFO after its interim CFO, Pamela Favero, resigns on Aug. 14 to work for an unnamed financial institution. Favero had no disagreement with the bank that led to her resignation, AJS Bancorp said in a regulatory filing.
Butkus will also become CFO for AJS Bancorp's subsidiary, A.J. Smith Federal Savings Bank.
Favero was named interim CFO on July 10, when Emily Lane resigned as the full-time CFO to take a position at another financial institution. Favero had been AJS Bancorp's full-time CFO in a previous stint between 2002 and 2013.
Butkus has worked for A.J. Smith Federal Savings Bank since 1972. He has been the bank's chairman and CEO since 1988 and the holding company's chairman, president and CEO since 2001.
AJS Bancorp completed a second-step conversion from a mutually owned thrift to a stock savings bank in October 2013.