Schwind assumes role as President and CEO of Isabella Bank Corporation

McDonnell appointed as Bank President
PRNewswireJanuary 24, 20245 min

Jerome E. Schwind¬†has assumed the role of top executive at Isabella Bank Corporation, the eleventh such leader in the community bank’s 120-year history.

Schwind was appointed President and Chief Executive Officer of Isabella Bank Corporation and Chief Executive Officer of¬†Isabella Bank¬†by the corporate Board of Directors last April and stepped into the position on¬†Jan. 5. He succeeds¬†Jae A. Evans, who retired after serving in those roles for a decade.¬†Neil M. McDonnell, the Bank’s Chief Financial Officer, also replaces Schwind as Bank President.

“Jerome and Neil are highly experienced professionals and well-respected¬†community¬†bankers,” said¬†Sarah R. Opperman, Chair of the Isabella Bank Corporation Board of Directors. “They have strong technical skills, are highly strategic and understand communities, customers and employees.”

Isabella Bank’s¬†reputation for focusing on customers and communities attracted Schwind to join its ranks 25 years ago after nearly a decade with other banking institutions.

Isabella Bank¬†helps create community stability,” Schwind said. “We’re a source of credit to support the progress of customer dreams and a source of return for shareholders, whether they live in our region or across the country.

“To be part of the lives of local residents and businesses ‚ÄĒ of local communities ‚ÄĒ that’s why I come to work every day; it’s why I work for¬†Isabella Bank,” he said.

Schwind had been Bank President since late 2015, previously serving as Executive Vice President and Chief Operations Officer, and Mecosta Division President. He has chaired the Michigan Bankers Association and Middle Michigan Development Corporation. He has served on the boards of the Great Lakes Bay Regional Alliance, Mecosta County Medical Center, Leadership Mecosta, Big Rapids Area Industrial Development Corporation and Mecosta County Economic Development Corporation. He has been both a Kiwanis and Rotary member.

McDonnell joined¬†Isabella Bank¬†in 2018 as Chief Financial Officer after decades with other financial institutions. At Isabella, he has been instrumental in implementing a five-year strategic plan and driving initiatives to improve financial performance and metrics. He also leads Isabella Wealth, the Bank’s investment and trust management business. He is a newly-elected member of the Board of Directors of Community Bankers of¬†Michigan, a member of the Mid-Michigan Industries Board of Directors and volunteers with Habitat for Humanity of Isabella County Finance Committee.

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