Donald Wilson, chairman of Community Financial Shares (CFIS) in Glen Ellyn, Ill., has been appointed the company's president and chief executive.
Wilson replaces Scott Hamer as the leader of the $357 million-asset company, it announced Friday in a press release. Hamer, who began working for Community Financial in 2003, is no longer employed there as of Aug. 15.
Wilson has been Community Financial's chairman since April. His appointment was part of a $24 million recapitalization, American Banker reported last year. He will continue to serve on the board of directors in his new role.
As the president and chief operating officer of Amcore Financial in Rockford, Ill., Wilson steered the company through the financial crisis. He was laid off in April 2009 as part of expense-cutting measures. The $5 billion-asset bank failed a year later.
Wilson was corporate treasurer at Marshall & Ilsley in Milwaukee prior to joining Amcore. His work history also includes a 12-year stint at the Federal Reserve Bank of Chicago, where he worked in the bank examination and economic research divisions.
He has been chairman and CEO of Stone Pillar Advisors, a financial services consulting firm, since 2009.