November 17, 2016
Expecting to reach the milestone of $1 billion in assets in 2017 and to ready itself for its next phase of growth, the Board of Directors of Lyons Bancorp, Inc., the parent company of The Lyons National Bank announced that its current President and Chief Executive Officer, Robert A. Schick will be named Chairperson of the Board of Directors on January 1, 2017. In his new role, Schick will lead the Board in developing the proper framework to ensure the Bank meets its obligations to shareholders and depositors alike.
"As one might imagine, reaching the $1 billion mark ratchets up the responsibility of the Board of Directors for governance and communications with the host of regulatory agencies to whom we report," said independent Director James Santelli. "Certainly, Bob has the experience and knowledge to lead the Board in this endeavor." Along with his new role, Schick, with the help of the Executive Management team of the Bank, will continue to develop and implement the Bank's long-range strategic and capital plans. Schick will maintain his title of Chief Executive Officer of the Bank and President and Chief Executive Officer of Lyons Bancorp. Thomas L. Kime will be named President of The Lyons National Bank on January 1, 2017. Kime has 40 years in banking, 12 with LNB as Executive Vice President and Chief Operating Officer. In his new role, the LNB management team will report directly to Kime and he will be responsible for overseeing all sales and operations functions of the Bank. "Tom is a knowledgeable and experienced banker, having previously served as a bank president," said Schick. "I assure you, under his guidance, the Bank will not miss a beat in its march to ever-higher profitability and performance. Equally important, Tom shares my passion for protecting and enhancing our sterling reputation as an involved, customer and employee-centric, independent community bank."