UnionBancorp Inc. in Ottawa, Ill., said Tuesday that Scott A. Yeoman has resigned as president and chief executive.
The resignation took effect immediately, and Mr. Yeoman also resigned his seat on the board of the $659 million-asset UnionBancorp and its subsidiary, UnionBank. He will remain with the company for up to 10 days to assist with the transition. Kurt R. Stevenson, its chief financial officer, was named interim president.
Mr. Yeoman was slated to give up the CEO post by the end of the quarter, after UnionBancorp closes its merger of equals with the $635 million-asset Centrue Financial Corp. in Fairview Heights.
Centrue's chief executive, Thomas A. Daiber, is to be CEO of the merged company and Mr. Yeoman was to be its president and chief operating officer. Mr. Stevenson will serve in those positions until a successor is named.
UnionBancorp did not say why Mr. Yeoman was resigning.
