Voyager Bank in Eden Prarie, Minn., officially named John Kimball as its new chief executive officer.

Kimball has been chairman of the $337 million-asset financial institution since November and he added the title of CEO on March 1, according to the Minneapolis/St. Paul Business Journal.

Before joining Voyager, Kimball spent approximately two years with The Financial Services Consulting Group where he provided management consulting services to community banks and their boards. He also was president and CEO of American Bank of St. Paul for four years as well as president of Marshall Bank and BankFirst.

The Minneapolis/St. Paul Business Journal said Voyager fired its prior CEO, Tim Owens, in 2011 as the bank was facing legal disputes. In September 2012, Voyager's holding company VFSC, Inc., was barred by regulators from paying shareholders and some creditors until its capital was boosted.

Voyager also announced that Scott Weaver will remain president and chief operating officer.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.