Drew Ysseldyke Elevated to President & CEO of Grand River Bank
Grand River Bank Elevates Drew Ysseldyke to President & CEO
Grand River Bank is excited to announce the promotion of Drew Ysseldyke to the esteemed position of President and Chief Executive Officer. This significant milestone marks the culmination of a leadership transition that began with Ysseldyke's appointment as president in early 2023. With this move, he takes over the reins from Pat Gill, who has been steering the bank since 2012 and will now continue to serve as an advisor and board member.
Drew Ysseldyke: A Proven Leader
Before joining Grand River Bank, Ysseldyke honed his expertise as Market President and Corporate Banking Executive at Old National Bank in Grand Rapids. As a native of West Michigan, he brings nearly three decades of diverse banking experience, showcasing a strong track record in leadership, team building, and delivering substantial results.
Leadership Transition Highlights
Former CEO Pat Gill expressed his confidence in Ysseldyke, stating, "It has been a joy to work alongside Drew during this transition period. He's the ideal person to lead the accomplished Grand River Bank team and will ensure that the Bank takes full advantage of its many unique opportunities across West Michigan." Gill emphasized his satisfaction in having contributed significantly to the bank's growth, guiding it to over $500 million in assets during his tenure.
Future Goals for the Bank
Chairman Robert Bilotti also shared his enthusiasm regarding Ysseldyke's leadership capabilities. "We are grateful to Pat for his many valuable contributions to our bank, and we are excited about the opportunity this brings for Drew to enhance our operational performance, expand our reach, and renew the promise of our commitment to West Michigan," Bilotti remarked.
About Grand River Bank
Established in 2009 through the collaboration of twenty-three local business and professional leaders alongside numerous investors, Grand River Bank has been committed to providing comprehensive financial solutions for both businesses and individuals in West Michigan. As a subsidiary of Grand River Commerce, Inc., which operates under the OTCQX ticker symbol GNRV, the bank remains dedicated to fostering economic growth within the community.
Conclusion
The promotion of Drew Ysseldyke to President and CEO of Grand River Bank signals a new chapter in the bank's evolution, which aims to strengthen its community ties and elevate its service offerings further, ensuring a bright future for both the bank and its clientele.
Frequently Asked Questions
What is the significance of Drew Ysseldyke's promotion?
This promotion signifies a leadership transition that aims to harness new opportunities for growth and enhance the bank's operational performance under Ysseldyke’s leadership.
What background does Drew Ysseldyke have?
Drew has nearly thirty years of experience in banking, having previously served as Market President and Corporate Banking Executive at Old National Bank.
Who did Drew Ysseldyke succeed as CEO?
Drew Ysseldyke succeeded Pat Gill, who has served as CEO of Grand River Bank since 2012.
What are Pat Gill's future plans with the bank?
Pat Gill will continue to serve as an advisor and board member, providing guidance as Ysseldyke takes over his responsibilities.
What is the OTCQX ticker symbol for Grand River Bank's parent company?
The parent company, Grand River Commerce, Inc., is traded under the ticker symbol GNRV on the OTCQX.
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