People on the Move

Marshall & Ilsley Corporation, Milwaukee announced several promotions and other organizational changes on Oct. 20:. Mark F. Furlong, president and chief executive officer of Marshall & Ilsley Corporation, has been named to the additional position of chairman of the board. Furlong joined M&I in 2001 as senior vice president and chief financial officer. He was elected president of M&I Marshall & Ilsley Bank (M&I Bank) in 2004, president of Marshall & Ilsley Corporation in 2005, and was named chief executive officer in 2007.. Furlong succeeds Dennis J. Kuester, who retired as chairman effective Oct. 20. Kuester has been chairman of Marshall & Ilsley Corporation since 2004 and will remain a member of the board of directors.. M&I also announced that Thomas R. Ellis has been named president of M&I Marshall & Ilsley Bank. Ellis will succeed Furlong, who will continue to serve as chairman and chief executive officer of M&I Bank. Ellis will also become a member of the board of directors of M&I Bank. Ellis joined M&I Bank as assistant vice president and commercial lender in 1988. Since 2009, Ellis has been executive vice president of M&I Bank and head of community banking.. After 33 years with M&I, Mark R. Hogan, executive vice president and chief credit officer, has announced his retirement effective Dec. 31. Hogan has been chief credit officer since 2001. He will assist the corporation in an advisory role until the end of 2011. A search for his permanent successor has commenced. Ann M. Benschoter, executive vice president of M&I Bank and head of corporate banking, will act as chief credit officer on an interim basis. Benschoter has 31 years of banking experience and has been with M&I since 1996. Robert J. Buerger, senior vice president and head of specialized industries banking, will act as head of corporate banking in the interim.. M&I also announced Bradley D. Chapin has been named executive vice president of M&I Bank and will be the head of consumer banking. Chapin joined M&I in 1990 as a vice president, M&I Bank, Milwaukee; was named regional president of M&I's Minnesota Region in 2004; and in 2009 became regional group president, leading the Minnesota, Arizona, and Kansas City Regions.. Lastly, Richard C. Becker has been named executive vice president of M&I Bank. In this position, Becker will be the head of regional banking. Becker has been with M&I for 36 years, most recently as senior vice president and regional group president for community banking for the Wisconsin and Florida regions. . Tim Karsky, commissioner of the North Dakota Department of Financial Institutions, is resigning to become Bismarck Market President with Starion Financial. Karsky will be responsible for business development, lending, supervision and overall management of the Bismarck offices.. Karsky began his banking career with the FDIC in 1982. He joined the North Dakota Department of Banking and Financial Institutions in 1986 as chief examiner. In 1989, Karsky was appointed assistant commissioner of the department, a position he held until 1997 when he became a loan officer for a Bismarck financial institution. In 1999, Karsky returned to the department as assistant commissioner before being appointed commissioner in July 2001. Karsky serves as chairman of the Conference of State Bank Supervisors in 2008-2009. . Karen L. Grandstrand has been elected to the board of directors of TCF Financial Corporation, Wayzata, Minn. . Grandstrand is a partner at Fredrikson & Byron PA, a Minneapolis-based law firm, and chairs its Bank & Finance Group. She joined Fredrikson & Byron in 1999 and advises financial services clients on mergers and acquisitions, corporate finance and governance matters, and other regulatory examination and compliance activities. Prior to joining Fredrikson, Grandstrand had a 14-year career with the Federal Reserve Bank of Minneapolis where she was senior vice president of the banking supervision and risk management departments.. "It is an honor to welcome Karen Grandstrand to TCF's Board of Directors. Karen brings to the board a wealth of knowledge and experience in the banking industry," said William A. Cooper, chairman of the board and chief executive officer. "We very much look forward to her guidance and counsel." . Sunrise Community Banks, Saint Paul, Minn., promoted Nikki Foster to Chief Corporate Responsibility Officer.. Foster previously was vice president, community development & corporate administration. Foster, who has been with the organization since 2004, will be responsible for designing and leading the corporate responsibility strategy and crafting the company's relevant goals, policies, and programs. She will ensure the integrity of the Sunrise mission to be "The Leader in Improving Our Urban Community" and manage the organization's marketing and branding. She will continue to oversee the organization's corporate governance, community development initiatives, Community Reinvestment Act officer responsibilities, mission related deposit development, and holding company administration.. Sunrise Community Banks also named Mike Porcello as the new chief credit officer. Porcello previously worked at Associated Bank where he served as a district senior credit officer, senior vice president. He has more than 23 years of lending and credit experience.. Porcello will be responsible for managing credit risk associated with Sunrise Community Bank's loan portfolios. He will provide support, direction, and guidance to loan management and staff. Porcello will manage the loan operations department and newly created credit administration department. . Associated Banc-Corp, Green Bay, Wis., named Breck Hanson has been named executive vice president, head of commercial real estate. Hanson brings more than 30 years of banking experience to Associated, including more than 20 years of leadership responsibility within the CRE segment. Most recently, he was executive vice president, commercial real estate with Bank of America, where he was responsible for all levels of business in the Midwest CRE Group, which included 370 employees and seven CRE business lines. He spent over two decades in CRE leadership roles with LaSalle Bank prior to its merger with Bank of America.. Hanson will report directly to Associated Banc-Corp President and CEO Philip B. Flynn in this newly-created position and serve on the executive committee.. Hanson has an MBA from Michigan State University, East Lansing, and a bachelor of science degree from Purdue University, West Lafayette, Ind. His primary office will be in Chicago. . Larry Carroll has joined Spectrum as executive vice president. He has more than 20 years of industry experience.. Prior to joining Spectrum, Carroll oversaw sales and training for Hawkeye Financial Services. Prior to that, he held the position of director of reinsurance and profitability for AIG / American General.. Spectrum, based in Omaha, Neb., is an independent insurance agency specializing in the sale and delivery of core, credit-related insurance products and services for financial institutions, dealers, insurance agencies and other organizations. . Christopher Mueller, AAP recently joined the staff of the Upper Midwest Automated Clearing House Association, Brooklyn Park Minn., as its compliance services specialist. In his new role, he will be responsible for servicing the compliance needs of UMACHA members, as well as conducting ACH audits and ACH and remote deposit capture risk assessments.. Mueller has more than 10 years in the financial services industry, most recently with City County Federal Credit Union, Brooklyn Center, Minn. At City County, he worked in the accounting department, primarily responsible for ACH processing and balancing. Prior to that, he was with Schwans Sales Enterprises in the accounting department.. Mueller has an Accredited ACH Professional designation. He also has a degree in business finance from Southwest Minnesota State University in Marshall. . The Independent Community Bankers of America promoted several staff members:. Greg Martinson, senior vice president, Sauk Centre operations and education, was promoted to executive vice president, Sauk Centre operations and education;. David Haithcock, senior vice president, Western region, was promoted to executive vice president, Western region;. Chris Lorence, senior vice president, marketing, was promoted to senior vice president/chief marketing officer; and. Alan Keller, director, legislative policy, was promoted to vice president, legislative policy. . Also, Ron Ence retired from ICBA in September after nearly 21 years with the association.