Midland States Bank plans new location
Staff report September 1, 2013 10:42PM
Midland States Bank is pleased to announce the appointment of Kenneth Spaeth as Market President of the Banks new Yorkville, Illinois, office scheduled to open later this year. | Submitted
Updated: October 3, 2013 6:16AM
Effingham-based Midland States Bank plans to expand into Yorkville later this year.
“The expansion of our footprint to Yorkville is an indication of Midland States Bank’s confidence in the future of community banking,” said Dan Stevenson, Midland’s regional market president, in a press release.
Kenneth Spaeth, of Yorkville, has been tapped as the market president of the new location. He has more than 25 years of financial and management experience. He received his master of business administration from North Central University in Naperville and bachelor of science degree in business administration from Northern Illinois University in DeKalb.
“We are extremely pleased to be a part of Midland’s community banking family,” Spaeth said. “Midland takes pride, not only in offering exceptional banking services, but in investing in their communities. We look forward to being an active partner in the growth of the Yorkville area.”
Spaeth will be supported by Matt Dennison, commercial relationship manager; Tracy Johnson, banking center manager; and Debra Targonski, retirement plan officer.
“With the addition of Ken and his team, we have realized an exceptional opportunity to partner with the Yorkville community during an exciting time of growth and economic development,” Stevenson said.
Dennison, also of Yorkville, has a decade of commercial banking experience, most recently as vice president, commercial lending, for a Yorkville-based financial institution. He received his bachelor of science degree in business administration from Northern Illinois University in DeKalb.
Johnson began her banking career in 1999. Before joining Midland, she was branch manager for a Yorkville-based bank. She is pursuing her degree in business administration at Waubonsee Community College in Sugar Grove.
Targonski began her career in 1992. Before joining Midland States Bank this year, she was an investment adviser with Geneva Investment Management of Chicago. Targonski earned a bachelor of science degree in finance from Eastern Illinois University and an MBA in management from St. Xavier University’s Graham School of Management. She holds FINRA Series 7 and 66 licenses.
The bank plans to announce the Yorkville location later in August.
The team already has a foot in the door, conducting personal appointments in Yorkville, but must open accounts from Midland’s Joliet office.
Contact Spaeth, Dennison, Johnson and Targonski at 815-230-4303.