Johnson Financial Group in Racine, Wis., will promote the president of its banking unit to chief executive after its current CEO retires at yearend.

Thomas Bolger will retire as CEO of the $4.5 billion-asset company, and Jim Popp will succeed him.

Jim Popp was named CEO of Johnson Financial in Racine, Wis., on Oct. 23, 2017
Jim Popp, who was named CEO of Johnson Financial Group this week, said he was happy to lead "a great Wisconsin company for a great Wisconsin family" and that Johnson is in a "strong position" for growth.

“It has been an honor to work with [Chairman Helen Johnson] and all of our associates to build a strong and stable company, together,” Bolger said in a news release Monday.

Bolger has been CEO of Johnson Financial Group since 2011, after previously working for Harris Bank. Johnson Financial Group includes Johnson Bank, as well as Johnson Insurance and the wealth management firm Cleary Gull Advisors.

Popp in May was named CEO of Johnson Bank. He previously worked as head of the Wisconsin and Minnesota markets for JPMorgan Chase, and was also managing director of middle-market banking for JPMorgan in Wisconsin.

“I’m honored and excited to have the opportunity to lead a great Wisconsin company for a great Wisconsin family,” Popp said in the release. “We are in a strong position to grow our business, and I’m looking forward to helping our team grow and deepen our relationships in all the markets we serve.”

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Andy Peters

Andy Peters

Andy Peters writes about regional banks, consumer finance and debt collections for American Banker.