First Federal Bank of Wisconsin, Waukesha, promoted Steve Wierschem to president and CEO. .Former CEO Edward Schaefer will become executive chair of the board and be president and CEO of the bank’s holding company, FFBW, Inc. Wierschem was president and CFO of First Federal Bank of Wisconsin, having joined the organization in 2020. “Over the last few years, the board and I developed a succession plan to transition my daily leadership to Steve,” Schaefer said. “His performance continues to exceed our expectations, and his promotion … falls in line perfectly with our plan.”
