Leadership Transition at Waterstone Financial: A New Era Begins
Leadership Changes at Waterstone Financial
Waterstone Financial, Inc. has made a significant announcement regarding its leadership. Michael Hansen, a long-standing director with the company, has decided to retire from his position on the board of directors and will step down from his role at WaterStone Bank SSB, the company's wholly-owned subsidiary.
Honoring a Legacy of Service
Having served as a director since 2003, Mr. Hansen has been integral to the company's success. He has held key roles, including chair of the Audit Committee, demonstrating a commitment to transparency and financial integrity. Patrick Lawton, the Chairman of Waterstone Financial, expresses gratitude for Hansen’s leadership over the past 22 years, acknowledging his contributions to the board and the financial soundness of the organization.
Transition Period Details
Even as he plans for retirement, Mr. Hansen will remain on the board and continue to chair the Audit Committee. His presence will ensure a seamless transition as the company searches for his successor. This approach not only preserves institutional knowledge but also reinforces the continuity of governance during the changeover.
Future Financial Planning
As part of his retirement and estate planning, Mr. Hansen will also be engaging in the sale of shares of Waterstone Financial stock. This indicates a thoughtful approach to managing his financial portfolio, which is important for any retiring executive.
The Role of Waterstone Financial in the Community
Waterstone Financial, Inc. operates as a savings and loan holding company for WaterStone Bank, serving the community since 1921. With a network of 14 branches spread across southeastern Wisconsin, the institution provides a wide range of personal and business banking solutions. Coupled with its subsidiary WaterStone Mortgage Corporation, which operates nationally, Waterstone Financial is positioned as a vital player in the community-focused financial services sector.
Commitment to Customers
With steadfast dedication to innovation and community service, Waterstone Financial aspires to support the financial and homeownership goals of customers. The company remains focused on delivering excellent banking solutions tailored to meet diverse needs.
Contact Information
For inquiries about WaterStone Bank, interested parties can reach out to Mark R. Gerke, the Chief Financial Officer of Waterstone Financial, at 414.459.4012 or via email. His leadership is essential as the company navigates this transition while continuing its commitment to customer service.
Frequently Asked Questions
Who is Michael Hansen?
Michael Hansen is a long-serving director of Waterstone Financial, Inc., known for his leadership in the Audit Committee.
What will happen during Mr. Hansen's transition period?
Mr. Hansen will continue to serve on the board and chair the Audit Committee until a successor is appointed.
How long has Mr. Hansen been with Waterstone Financial?
Mr. Hansen has served as a director for 22 years since 2003.
What services does Waterstone Financial provide?
Waterstone Financial offers a variety of personal and business banking products through WaterStone Bank.
How can I contact Waterstone Financial for more information?
You can reach out to Mark R. Gerke, the CFO, at 414.459.4012 for any inquiries regarding Waterstone Financial.
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