German American Announces Appointments to Its Board of Directors
October 04 2019 - 9:30AM
German American Bancorp, Inc. (NASDAQ:GABC) announced the
appointment of Christine M.Ryan, Jack W. Sheidler and Tyson J.
Wagler, CPA, to its Board of Directors. They have also been
appointed to the Asset Liability Finance Committee of the Board of
Directors, and to the board of directors of the Company’s bank
subsidiary, German American Bank. Mr. Wagler was also
appointed to the Company’s Audit Committee.
Mrs. Ryan is the Chief Executive Officer and
Chief Nursing Officer of The Women’s Hospital in Newburgh, Indiana,
which is part of the Deaconess Health System, and Administrator for
Deaconess Health System Pediatric Product Line. She received
her Masters in Public Affairs/ Health Administration at Indiana
University and her Undergraduate Degree in Nursing from Elmhurst
College, where she was also awarded an honorary Doctor of Science.
Under her tenure, the Women’s Hospital has been the recipient
of the JD Power and Associates award for Inpatient Service
Excellence for three years in a row and for ten consecutive years
has been recognized for Best Places to Work from Modern
Healthcare. Mrs. Ryan also serves on the Board of Trustees of
the University of Southern Indiana in Evansville, Indiana, and has
prior banking experience having previously served on German
American’s advisory board for its Southwest Region, consisting of
Vanderburgh and Warrick County, Indiana.
Mr. Sheidler, the former Chairman of the Board
of Citizens First Bank, Inc. of Bowling Green, Kentucky, attended
Huntington University, and has been an active real estate
investor/developer for over 30 years. He is the CEO and
principal of various real estate development and investment
companies, based in Bowling Green, Kentucky, where Mr.
Sheidler and his family have resided for the past 36 years.
His companies primarily focus on multi-family, retail, and office
acquisition or development throughout the Southeast.
New construction and re-development of assets for long term holding
periods are the objective of his companies.
Mr. Wagler is a partner in Frette & Wagler
LLC, a Washington, Indiana-based CPA firm, which offers a wide
range of tax and accounting services for individuals and a variety
of businesses. He has sixteen years of experience in the
accounting profession, holds a Bachelor’s Degree in Accounting from
the University of Southern Indiana, and is a member of the American
Institute of Certified Public Accountants and the Indiana Certified
Public Accountant Society. Mr. Wagler serves on the board of
the Daviess County Community Hospital and has prior banking
experience having previously served on German American’s advisory
board for its West Region, consisting of the Indiana counties of
Daviess, Knox, Martin, Pike and Gibson.
U. Butch Klem, Chair of the
Governance/Nominating Committee of the German American Board of
Directors, commenting on the appointments stated, “We’re extremely
pleased to announce these new appointments to our Board. As
part of our ongoing board succession planning process, we are
expanding our board to ensure the seamless continuity of board
oversight in preparation of anticipated board retirements over the
course of the next several years. We’re very fortunate to
have attracted individuals of the caliber and experience of Chris,
Jack and Tyson to serve as part of the next generation of our
Board. As we have previously stated, we strive to appoint
independent, outside board members, like Chris, Jack and Tyson, who
operate successful businesses within our market area and who are
exceedingly knowledgeable about and well-connected within their
industry and their local communities. We welcome them to the
Corporate Board of Directors and are excited about the counsel they
will provide in our Board’s ongoing efforts to maximize long-term
shareholder value.”
ABOUT GERMAN AMERICAN
German American Bancorp, Inc. is a NASDAQ-traded
(symbol: GABC) $4.4 billion financial holding company headquartered
in Jasper, Indiana. German American, through its banking subsidiary
German American Bank, operates 75 banking offices in 20 contiguous
southern Indiana counties, six counties in Kentucky and one county
in Tennessee. The Company also owns an investment brokerage
subsidiary (German American Investment Services, Inc.) and a full
line property and casualty insurance agency (German American
Insurance, Inc.).
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
Certain statements in this press release may be
deemed “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Readers are
cautioned that, by their nature, forward-looking statements are
based on assumptions and are subject to risks, uncertainties, and
other factors. Actual results and experience could differ
materially from the anticipated results or other expectations
expressed or implied by these forward-looking statements as a
result of a number of factors, including but not limited to, those
discussed in this press release. Factors that could cause actual
experience to differ from the expectations expressed or implied in
this press release include the unknown future direction of interest
rates and the timing and magnitude of any changes in interest
rates; changes in competitive conditions; the introduction,
withdrawal, success and timing of asset/liability management
strategies or of mergers and acquisitions and other business
initiatives and strategies; changes in customer borrowing,
repayment, investment and deposit practices; changes in fiscal,
monetary and tax policies; changes in financial and capital
markets; potential deterioration in general economic conditions,
either nationally or locally, resulting in, among other things,
credit quality deterioration; capital management activities,
including possible future sales of new securities, or possible
repurchases or redemptions by the Company of outstanding debt or
equity securities; risks of expansion through acquisitions and
mergers, such as unexpected credit quality problems of the acquired
loans or other assets, unexpected attrition of the customer base of
the acquired institution or branches, and difficulties in
integration of the acquired operations; factors driving impairment
charges on investments; the impact, extent and timing of
technological changes; potential cyber-attacks, information
security breaches and other criminal activities; litigation
liabilities, including related costs, expenses, settlements and
judgments, or the outcome of matters before regulatory agencies,
whether pending or commencing in the future; actions of the Federal
Reserve Board; changes in accounting principles and
interpretations; potential increases of federal deposit insurance
premium expense, and possible future special assessments of FDIC
premiums, either industry wide or specific to the Company’s banking
subsidiary; actions of the regulatory authorities under the
Dodd-Frank Wall Street Reform and Consumer Protection Act (the
"Dodd-Frank Act") and the Federal Deposit Insurance Act and other
possible legislative and regulatory actions and reforms; impacts
resulting from possible amendments or revisions to the Dodd-Frank
Act and the regulations promulgated thereunder, or to Consumer
Financial Protection Bureau rules and regulations; the continued
availability of earnings and excess capital sufficient for the
lawful and prudent declaration and payment of cash dividends; and
other risk factors expressly identified in the Company’s filings
with the United States Securities and Exchange Commission. Such
statements reflect our views with respect to future events and are
subject to these and other risks, uncertainties and assumptions
relating to the operations, results of operations, growth strategy
and liquidity of the Company. Readers are cautioned not to place
undue reliance on these forward-looking statements. It is intended
that these forward-looking statements speak only as of the date
they are made. We do not undertake any obligation to release
publicly any revisions to these forward-looking statements to
reflect future events or circumstances or to reflect the occurrence
of unanticipated events.
For additional information, contact:Mark
A Schroeder, Chief Executive Officer of German American
Bancorp, Inc.Bradley M Rust, Executive Vice
President/CFO of German American Bancorp, Inc.(812) 482-1314
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