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Port Washington State Bank CEO adds chairman role

Port Washington State Bank appointed its President and CEO Steven Schowalter to serve as chairman, according to a Dec. 15 news release.

Schowalter, who was elected at the board's November meeting, succeeds his father Ronald Schowalter, who retired after serving as director and chairman for 60 years. Frank Metz and Thomas Greisch are also retiring from the board.

In addition, the Port Washington, Wis.-based bank appointed Andrew Petzold, John Armbruster and Gary Maples as directors to its board. Petzold is the principal owner and developer of Concord Development, Armbruster is the owner of Armbruster Jewelers in Cedarburg, Wis., and Maples operates River Edge Consulting LLC.

Port Washington State Bank is a unit of Port Bancshares Inc.