The Bank of Old Monroe Board of Directors announced President and CEO, Darrell Harke, would retire, effective Sept 1.
“Darrell has done an excellent job of leading the bank through a period of significant growth,” said Board Chair Dave Molitor.
Harke’s successors will be Dale McDonald, CEO, and Bank President Casey Hopkins.
Over the past 31 years, Harke has seen the bank grow from $40 million to over $500 million in assets and expand from a two-branch bank to five branches spanning Lincoln and St. Charles Counties.
McDonald joined the bank in 2001. He began his career with BOOM as a Compliance Officer, and was promoted to EVP/CFO and joined the Board of Directors in 2005. Hopkins joined the bank as a loan officer in 2006, and grew his loan portfolio expeditiously. His ascent to leadership came in 2019 when he was promoted from Senior Vice President to Executive Vice President.
“Our customers, employees and the communities we serve are what have allowed me to fulfill a successful banking career,” Harke said. “I consider myself blessed to have had the opportunity to serve this great organization. I feel confident leaving the bank in the hands of two very talented and tenured individuals such as Dale and Casey.”
Harke will work through the end of August to facilitate a smooth transition. Upon retirement, he will remain on the Board and serve as a Director for the bank and holding company.
“As CEO, I am excited to continue leading the bank, building on our history of high performance while planning for future growth. I also look forward to working alongside Casey, who shares the same passion for our bank.” said McDonald. “His drive coupled with his vast skillset makes him a natural fit for President.”