The Board of Directors of Community Bank of Oak Park River Forest today named Walter Healy, 42, president, succeeding Martin J. Noll, 65, who was named chairman of the board and continues as chief executive officer.
Healy, who has been with the Bank since its founding in 1996, had been executive vice president. Noll succeeds Henry B. Pearsall who has elected to step down as chairman and will be named chairman emeritus.
"Community Bank was founded on the philosophy of being a locally-owned and managed financial services organization and we are pleased that the Board's succession plan has recognized Walter, who grew up in Oak Park, was a founding member of the Bank and has been instrumental in our overall growth and success. I look forward to continuing to work with him and our entire team to serve the residents and businesses of the greater Oak Park, River Forest and Forest Park communities," said Martin J. Noll, chairman and ceo. "We also want to thank Hank Pearsall for his great leadership as chairman these past 12 years and are extremely grateful that he will continue to provide his advice and council as a member of our Board" Noll said.
Healy began his banking career in 1988 with the Oak Park office of The First National Bank of Chicago, (now JP Morgan Chase) as a commercial lender. He was subsequently elected a vice president. In 1994, he joined Firstar Bank (now US Bank) in Oak Park as vice president of commercial lending, the position he held prior to becoming a founding member of Community Bank in 1996. A finance graduate of the University of Notre Dame, Healy is also a graduate of the Graduate School of Banking, University of Colorado, Boulder. A lifelong resident of Oak Park, he and his wife and five children reside in south Oak Park. Active in civic and charitable affairs, Healy currently serves on the finance committee of Ascension parish.
Noll is a founding shareholder of Community Bank and a 40-year veteran in banking, having begun his banking career in 1965 with American National Bank and Trust Company Chicago (now JP Morgan Chase). He has served as president and chief executive officer of Avenue Bank of Oak Park, (now US Bank); division president, Oak Park division, and vice president of The First National Bank of Chicago (now JP Morgan Chase) and prior to that, was president and chairman of First Chicago Bank of Oak Park (formerly the Oak Park Trust and Savings Bank). Noll is involved in several business, banking industry and civic enterprises. He is chairman of the Oak Park Development Corporation, a community organization founded for the economic development of Oak Park. He serves as president of the Board of West Suburban Sentinel Corporation and is a member of Resurrection Health Care Foundation. Noll is a member of the board of trustees and chair of the trusteeship committee of Dominican University and is a founding member, treasurer and a board member of the Business and Civic Council of Oak Park, a civic organization that promotes the business interests of Oak Park. He also is a board member of the Bankers Club of Chicago. Noll received his BA in Philosophy from Catholic University, Washington, D.C., and did his graduate studies in economics at Indiana University, Bloomington. He also is a graduate of the Graduate School of Banking, University of Wisconsin, Madison. He and his wife Mary Lou, reside in Oak Park and have two daughters.
