Byron Center State Bank Announces New Chairperson of the Board.Business Editors BYRON CENTER, Mich.--(BUSINESS WIRE)--Feb. 23, 2004 Byron Center State Bank, a subsidiary of OAK Financial Corporation (Pink Sheets:OKFC), announces the election of Grace O. Shearer, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of West Michigan Heart, as chairperson of the bank's board of directors. Shearer replaces Robert J. Deppe, who is stepping down from the board following almost seven years of service. "Grace is an accomplished leader and will be an outstanding chairperson," said Patrick K. Gill, president and CEO of OAK Financial Corporation and Byron Center State Bank. "Her professional experience and community involvement make Grace ideally suited for her new role. I look forward to working with her to make Byron Center State Bank even more successful." At West Michigan Heart, P.C., Shearer is responsible for overseeing the area's leading cardiology practice, with more than 150 employees. Previously, she was vice president of operations at St. Mary's Hospital and, in 1992, served as interim CEO of the hospital. Shearer currently chairs the board of Pine Rest Christian Mental Health Services Pine Rest Christian Mental Health Services is a Psychiatric Hospital and mental health treatment facility based primarily in West Michigan. Founded in 1910 in Cutlerville, Michigan (south of Grand Rapids, Michigan) as the Christian Psychopathic Hospital, the name was changed in . Her previous board experience includes Calvin College This article is about a liberal arts college in the United States. For the school in Switzerland, see Collège Calvin. For the U.S. president, see Calvin Coolidge. , the Downtown Rotary Club and the Grand Rapids Grand Rapids, city (1990 pop. 189,126), seat of Kent co., SW central Mich., on the Grand River; inc. 1850. The second largest city in the state, it is a distribution, wholesale, and industrial center for an area that yields fruit, dairy products, farm produce, Chamber of Commerce. Shearer holds a B.A. from the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. and an M.B.A. from Eastern Michigan University Eastern Michigan University, mainly at Ypsilanti, Mich.; coeducational; founded 1849 as a normal school, became Eastern Michigan College in 1956, gained university status in 1959. . "I am very flattered and honored to be selected by my colleagues to chair the Board of Byron Center State Bank," Shearer said. "This is an exciting time for the bank and I am confident in our ability to deliver superior value for our shareholders, customers and communities." Byron Center State Bank, with over $508 million in assets and 222 employees, was founded in 1921. The bank also provides investment services, retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. and a full array of insurance products through its subsidiaries OAK Financial Services and the Dornbush Insurance Agency. Byron Center State Bank has 12 branches in West Michigan. The bank's parent company, OAK Financial Corporation, is publicly traded under the symbol OKFC. |
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