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Heritage Bank discloses management post-Stratford State deal


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Heritage Bank discloses management post-Stratford State deal

Spencer, Wis.-based Heritage Bank disclosed its management team and board once it completes its pending deal with Stratford, Wis.-based Stratford State Bank.

Heritage President and CEO Martin Reinhart will become the CEO and a board member of the combined institution while Stratford State Bank Chairman and President Jeffery Lappe will hold the position of president and also become a director, according to an interagency bank merger act application recently obtained by S&P Global Market Intelligence.

In addition, from Heritage, Mark Anderson, Alan Bauman, Bradford Haessly, Richard Heinzen and Michael Schmidt will join the board of the combined institution, while Thomas Henseler will serve as senior vice president and Deanna Krultz will hold the post of vice president and CFO.

From the Stratford side, William Dahlke, Daniel Drexler, Thomas Griffith, Aloysius Knoll, Gregory Leick and Glenn Linzmeier will become directors, while Timothy Kolstad will be appointed as senior vice president.

Heritage Bank is a unit of Spencer Bancorp. Inc., while Stratford State Bank is a unit of Stratford Bancshares Inc.