Advantage Bank FSB announces new chief operating officer.KENOSHA, Wis.--(BUSINESS WIRE)--Jan. 10, 1995--Advantage Bancorp and Advantage Bank FSB (FrontSide Bus) See system bus. FSB - front side bus board of directors have promoted Karl J. Ostby to chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . In addition, he continues to hold the position of executive vice president of Advantage Bank. Ostby joined Advantage in July bringing 16 years of banking experience. His previous experience was as president of Wisconsin Corporate Banking with Norwest Corp. where he was responsible for corporate banking activities in the Wisconsin and northern Illinois For the university, see Northern Illinois University Northern Illinois is a region generally covering the northern third of the U.S. state of Illinois. Economics market areas. He has had a number of successful start-ups in private banking, retail banking and loan production in Wisconsin. Karl started his career in Minneapolis with First Bank prior to joining Norwest. Paul P. Gergen, president and chairman of the board of Advantage Bancorp noted, ``Karl immediately began to impact our operations when he joined us in July. His background has helped us to focus our growth strategies and to fine tune our operations to increase income and control expenses. His leadership as chief operating officer will help our management team progress.'' Gergen also mentioned, ``Our position as the only bank headquartered in Kenosha has resulted in large numbers of people switching their personal and commercial accounts to Advantage. We are finding this momentum is building and Karl has led us to develop products and approaches to continue this growth.'' In the last two months Advantage opened two new supermarket banks, one each in Kenosha and Racine and purchased Amity am·i·ty n. pl. am·i·ties Peaceful relations, as between nations; friendship. [Middle English amite, from Old French, from Vulgar Latin *am Federal Bank with branches in Tinley Park Tinley Park, village (1990 pop. 37,121), Cook and Will counties, NE Ill., a residential suburb of Chicago; inc. 1892. Its population grew significantly in the late 20th cent. and Burbank, Ill. Advantage is now over $900 million in total assets. Karl received his bachelor's degree in economics from St. Olaf College An average of six St. Olaf students are awarded the prestigious Fulbright Scholarship each year. Additionally, the college has produced three Rhodes Scholars since 1977. St. in Northfield, Minn. and his master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in business administration from the University of St. Thomas University of St. Thomas can refer to:
Ostby is a member of the Finance Committee of the Kenosha Area Development Corp. Prior to joining Advantage his involvement included membership on the Greater Milwaukee Committee, past division chair for the United Way of Milwaukee, cochair for the United Performing Arts Fund, work as a volunteer on the Children's Hospital Campaign, member of the Public Policy Forum and membership on the University of Wisconsin-Milwaukee Business School Advisory board. He participated in the Governor's Trade Mission to Mexico, and as a Bank Marketing Association member, he was a speaker at their National Sales Conference. Karl and his wife, Mary Alice, have three sons: Michael, 13; Daniel, 10; and Karl, 7. CONTACT: Advantage Bancorp, Kenosha Paul P. Gergen, 414/658-4861 |
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