Eric Cerbins stepped down as president and CEO of Berlin, Wis.-based Fortifi Bank, effective immediately, according to a report on the Wisconsin Bankers Association's Daily Banker News Clips.

Cerbins, who plans to retire on May 31, 2020, has been president and CEO of the bank since April 2017.

Gregory Lundberg was appointed to succeed Cerbins as president. Lundberg, who is a member of Fortifi Bank's board, most recently was executive vice president and chief lending officer of the bank.

Fortifi Bank is a unit of First Berlin Bancorp Inc.