Range Bank News
April 2023
Range Bank Announces Employee Promotions
Upper Peninsula, Michigan, April 4th, 2023 – Range Bank President and CEO, Roxanne Daust, recently announced the promotion of two Range Bank employees. “We are pleased to announce the promotions of Kim and Joel, their consistent focus on customer service and developing strong relationships in the community are a direct reflection of their dedication to the bank and our customers.”
Kim Kaura, VP, Mortgage Loan Officer
Kim Kaura was promoted to Vice President, Mortgage Loan Officer. With over 23 years at the bank, Kim has developed into a top mortgage lender at Range Bank and has played a major role in the bank’s growth within the Copper Country market.
Kim serves on the board of directors for both the Keweenaw Random Acts of Community Kindness and Kiwanis Club of the Copper Country. She resides in Allouez with her husband and has two sons, a grandson, and a step-granddaughter. Kim can be reached by email at kkaura@rangebank.com, by phone at (906)228-8812 or at the Range Bank office located at 19320 Jacker Avenue in Houghton.
Joel Benson, Business Banking Officer
Joel Benson was promoted to Business Banking Officer. Joel has been with Range Bank for nearly five years; throughout that time Joel has worked closely with the bank’s business customers, starting as a business banking associate, then as a portfolio manager, and now as a business banking officer.
The Marquette native is a graduate of Northern Michigan University where he earned a degree in Finance and Risk Management. Joel resides in Marquette with his wife and son. Joel can be reached by email at jbenson@rangebank.com, by phone at (906) 226-1012 or at the Range Bank office located at 100 North Front Street in downtown Marquette.
About Range Bank
Range Financial Corp. is the holding company that owns Range Bank, which has more than $1.01 billion in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton and Brown Counties. As a full-service bank with over 135 years in business, the bank services business, consumer and trust and investment customers. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call (906) 226-1025.March 2023
Local Community Banks Address Recent Bank Failures
By this time everyone has heard about the recent failures of Silicon Valley Bank in California and Signature Bank in New York. The purpose of this press release is to assure everyone that your independent, local community banks remain sound and continue to be a safe and secure place for your deposits.
As community banks, our business model is considerably different than either of these banks. We gather deposits from our customers within our local markets and then lend those deposits back to both our local businesses to help support their operations, and to local individuals to purchase homes, buy cars or recreational vehicles, etc. This type of banking activity leads to a much lower overall risk profile for community banks. Further, your local community banks are all well capitalized, have sufficient liquidity available to meet their operational needs, and have the best loan quality and highest loan reserves in decades. All of us are well positioned for whatever economic headwinds come our way. All your local community banks have a four or five star rating from Bauer, an independent bank rating agency, with five being the highest possible rating. Your deposits remain safe and secure with any of our banks.
If you have any concerns at all, please reach out to your bank and speak directly with them to get all your questions answered and any concerns addressed.
Contact First Bank at (906) 774-7900 or (877) 441-4042 and at www.first-bank.com/Iron-Mountain
Contact First National Bank & Trust at (906) 774-2200 or (877) 803-1814 and at www.fnbimk.com
Contact Northern Interstate Bank at (906) 563-9233 and at www.banknib.com
Contact Range Bank at (906) 776-0902 or (877) 441-4042 and at www.rangebank.com
Contact Upper Peninsula State Bank at (888) 865-2265 and at www.upstatebank.net
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November 2022
Range Bank Announces Employee Promotions
Upper Peninsula, Michigan, November 3, 2022 – Range Bank President and CEO, Roxanne Daust, recently announced the promotions of several Range Bank employees. “These promotions are a direct reflection of their hard work and dedication to their customers and their continued growth and success,” said Daust. “I am pleased to announce these promotions, as each of these employees are deserving of this recognition.”
Eric Kucharczyk, VP, Business Banking Officer
Eric Kucharczyk was promoted to Vice President, Business Banking Officer. Eric has over a decade of banking experience and manages a growing business portfolio in both Marquette and Dickinson Counties. Eric is a graduate of Northern Michigan University where he earned a degree in Business Management as well as a graduate of the Michigan Bankers Association Commercial Lending School. He is currently attending the Graduate School of Banking at the University of Wisconsin. In his spare time, Eric volunteers as a Little League coach and enjoys spending time with his family. Eric, his wife and two children reside in Negaunee, MI. Eric can be reached by email at ekucharczyk@rangebank.com, by phone at (906) 226-1028 or at the Range Bank office located at 100 North Front Street in downtown Marquette.
Alex Roy, VP, Business Banking Officer
Alex Roy was promoted to Vice President, Business Banking Officer. Alex has over seven years of banking experience and manages an expanding business portfolio in the Copper Country. Alex is a graduate of Michigan Technological University with a Bachelor of Science degree in Finance. The Copper Country native enjoys spending time outdoors with his growing family. Alex, his wife, and children reside in Chassell, MI. Alex can be reached by email at aroy@rangebank.com, by phone at (906) 226-1006 or at the Range Bank office located at 19320 Jacker Avenue in Houghton.
Joe Sayen, Mortgage Loan Officer
Joe Sayen was promoted to Mortgage Loan Officer. In this role, Joe will assist customers in the Copper Country to find and secure the appropriate home loan product that fits their needs. The Hancock native joined Range Bank in 2010, and has held multiple roles including Teller, Branch Manager and most recently, Branch Administration Officer. Joe resides with his wife and two daughters in Atlantic Mine, MI. Joe can be reached by email at jsayen@rangebank.com, by phone at (906) 226-1020 or at the Range Bank office located at 19320 Jacker Avenue in Houghton.
About Range Bank
Range Financial Corp. is the holding company that owns Range Bank, which has more than $1.04 billion in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton and Brown Counties. As a full-service bank with 135 years in business, the bank services business, consumer and trust and investment customers. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call (906)226-1025.
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October 2022
Range Financial Corporation Declares Stock Dividend
October 27, 2022, Marquette, MI: Range Financial Corporation, the holding company for Range Bank, announced today that the Board of Directors has approved a four-for-one stock split in the form of a stock dividend. “We are pleased to announce the stock dividend and feel this will make stock ownership more accessible to employees and investors,” said Roxanne Daust, President. Each stockholder of record on November 1, 2022, will receive a dividend of three additional shares of common stock for each then-held shares, to be distributed on November 15, 2022. Daust noted that the dividend will be paid in authorized but unissued shares of the Company’s common stock and there will be a blackout period for stock transactions between the record and distribution date.
Range Bank currently manages over $1 billion in assets and services customers through 9 offices located in Marquette, Dickinson and Houghton Counties and Green Bay, Wisconsin. As a full-service bank with 135 years in business, the bank services business, consumer and trust and investment customers. For more information, visit www.RangeBank.com.
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Range Bank Announces New Financial Advisor Joins Trust and Wealth Management Team
Marquette, Michigan, October 18, 2022 – Range Bank announced today that financial advisor, Amy Buck joined their Trust & Wealth Management Team.
“We are incredibly pleased to welcome Amy Buck to our team,” said Range Bank Chief Trust & Wealth Management Officer, Amanda Knaffla, JD, CTFA. “Her values, knowledge and over two decades of account management experience align well with us and our clients. Amy is great at determining what is important to her clients and then working directly with them to develop a holistic financial plan and investment strategy based on their specific situation, time frame, and risk tolerance. We look forward to Amy helping our clients achieve their goals through comprehensive financial planning.”
Amy holds a Series 7, Series 66, and Michigan life, accident, health, and variable annuity insurance license. In addition to helping her clients reach their financial and life goals, she is also passionate about financial literacy and is part of the bank’s award-winning financial literacy program. Prior to joining Range Bank, Amy worked as a financial advisor in a Registered Investment Advisory firm where she managed the portfolios and provided financial planning service for about 135 clients. Buck holds a Bachelor of Science degree in Education from Central Michigan University.
“I really enjoy getting to know my clients. Together we investigate all areas of their financial life: investments, tax planning, retirement planning, estate planning, educational planning, and protection/risk management,” stated Buck. “By bringing clarity to their current financial situation, we work together to bring their financial life in line with their goals and values, so they can focus on all that matters to them.”
Outside of the bank, Amy served as President and Vice President of Zonta of Marquette. She also organized the Marquette Women’s Doubles Tennis League and is an active parent at Father Marquette Catholic Academy. Additionally, she served as a Faith Formation teacher and a hospitality lead at St. Louis the King Church. Buck has also volunteered with Start the Cycle, Feeding America, and many other service organizations through Zonta of Marquette.
To connect with Amy, call (906)-226-4043, email abuck@rangebank.com or visit her at the corporate headquarters in downtown Marquette.
About Range Bank
Range Financial Corp. is the holding company that owns Range Bank which has more than $1.04 billion in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton and Brown Counties. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call 906.226.1025.
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Range Bank Joins ABA and Banks Across U.S. for #BanksNeverAskThat Anti-Phishing Campaign
October 3, 2022 - Today Range Bank joined the American Bankers Association and banks across the nation to promote an industry-wide campaign educating consumers about the persistent threat of phishing scams. The FTC estimates that consumers lost $5.8 billion to phishing and other fraud in 2021, an increase of more than 70% compared to 2020. To combat phishing, the #BanksNeverAskThat campaign uses attention-grabbing humor and other engaging content to empower consumers to identify bogus bank communications asking for sensitive information like their passwords and social security numbers.
“Combating cyber-attacks and educating our customers and community are key philosophies of Range Bank and we are excited to join the ABA in this initiative. Please follow us on Facebook and Instagram for great tips to keep your money safe,” said Roxanne Daust, president, and CEO of Range Bank.
“Phishing attempts are at an all-time high and scammers are targeting consumers from every direction—by text, phone and email,” said Paul Benda, senior vice president, operational risk and cybersecurity at ABA. “Education and awareness are key to helping consumers spot a scam, and with help from participating banks like Range Bank, we’re able to reach bank customers across the country so they can stay one step ahead of the scammers.”
Range Bank, along with more than 1,000 banks from across the U.S. and ABA, are kicking off this year’s updated campaign on Oct. 3 to mark the beginning of National Cybersecurity Awareness Month. Throughout the month Range Bank will share eye-catching and engaging short videos and consumer tips on social media and in bank branches designed to highlight common phishing schemes. Because cybersecurity education and fraud awareness can often be dull and forgettable to many consumers, the campaign is designed to be bright and bold with a bit of comedy.
“Do you prefer boxers or briefs? Do you believe in aliens?!,” one of the campaign’s animated GIFs asks social media users. “Banks would never ask you these questions. Here’s another question a real bank would never ask: We’ve spotted some unusual activity on your account, can you please verify your username and password?”
The campaign’s short videos offer similarly ridiculous scenarios like wallpapering a room with cash, roasting marshmallows over a cash fire and recycling cash on garbage day. Consumers are directed to BanksNeverAskThat.com where they will find an interactive game, videos, phishing red flags, tips and FAQs.
For more information about phishing scams and how to stop fraudsters in their tracks, visit www.BanksNeverAskThat.com.
About Range Bank
Range Financial Corp. is the holding company that owns Range Bank which has more than $1.04 billion in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton and Brown Counties. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call 906.226.1025.
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September 2022
Range Bank Donates to Schools through School Spirit Program and Annual School Supply Drive
Upper Peninsula, MI, September 27, 2022 – Range Bank kicked off the 2022 school year by reaching a new milestone. The bank’s School Spirit Debit Card program has donated over $50,000 to local schools since its inception. The program started in 2015 with one school and has now grown to twelve participating schools. The School Spirit Debit Card donates $0.05 to the participating school of the customer’s choice each time they use their debit card. The debit card also shows the card holder’s school spirit by featuring their selected school’s mascot. The funds can be used as needed by the school. Recent funds have been used for supporting school trips, improvements to sports facilities, and purchasing musical instruments.
“We have always felt strongly about supporting our schools. It’s an amazing milestone to reach $50,000 in donations through our School Spirit Debit Card program in our 135th year as a community bank,” said Roxanne Daust, President and CEO of Range Bank.
Range Bank also held their third annual school supply drive this fall to collect supplies as well as monetary donations to purchase school supplies for local schools. Each year, Range Bank commits to matching donations up to $5,000. This year, nearly $9,000 worth of supplies were donated to Range Bank’s partner schools in the Upper Peninsula.
In addition to helping schools through their School Spirit Program and Annual School Supply Drive, Range Bank is also committed to providing resources that empower students to make smart financial decisions through their Financial Literacy program. The bank was recognized earlier this year by the Michigan Banker’s Association for a Financial Literacy Award.
“It’s an amazing accomplishment for the bank to have hit these milestones on our 135th anniversary. Supporting our schools is important to everyone at the bank from the top down. It feels great to be part of an organization who is strongly involved in our community and the future of our community. It’s wonderful our relationships and passion for supporting our schools continue to grow,” stated Hanna Westra, Marketing and Public Relations Specialist at Range Bank.
For more information about these programs and Range Bank’s mission to support local schools, please visit RangeBank.com.
About Range Bank
Range Financial Corp. is the holding company that owns Range Bank which has more than $1.04 billion in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton and Brown Counties. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call 906.226.1025.
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August 2022
Range Bank Announces 3rd Annual School Supply Drive
Marquette, Michigan, August 11th, 2022 – As a new school year approaches, Range Bank’s annual School Supply Drive is back and they are asking members of the community to support local schools by either dropping off school supply donations to any Range Bank location or by making monetary donations online at www.rangebank.com/school-supply-drive-donation from August 1st – August 31st, 2022. All donations make a difference and Range Bank will match donations up to $5,000.
School supply donations will benefit local schools in the regions Range Bank serves. Donations will be distributed in early September. Last year, Range Bank donated over $10,000 in school supplies to local schools. For more details about the 2022 School Supply Drive, visit RangeBank.com.
Range Bank’s commitment to local schools continues throughout the year through their School Spirt Debit Cards and Financial Literacy Programs. Since 2015, Range Bank has donated over $35,000 to local schools through the School Spirit Debit Card program. The Range Bank Financial Literacy program provides lessons and learning to elementary, middle and high school students relating to the importance of Financial Literacy. For more information about both programs visit RangeBank.com.
About Range Bank
Range Financial Corp. is the holding company that owns Range Bank which has more than $1.04 billion in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton and Brown Counties. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call 906.226.1025.
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June 2022
Range Bank and Literacy Legacy Fund of Michigan to Host "Banking on Literacy" Fundraiser
Marquette, Michigan, June 7, 2022 – Range Bank is helping to promote literacy in Marquette with our annual fundraiser. “Banking on Literacy” will raise money for the Marquette affiliate of Dolly Parton’s Imagination Library. This program mails a book to registered children under 5-year-old every month. The event, hosted by Range Bank and the Literacy Legacy Fund of Michigan, takes place at the bank’s headquarters in downtown Marquette on Tuesday, June 14th from 5:00 p.m. to 7:30 p.m. It will host local artists and authors at an outdoor vendor fair and an online auction.
Local artists and authors donating or participating in the vendor fair include: Dan Cook, Shantina Hatfield, Cindy Engle, Joe Graci, John French, Julie Highlen, Norm Hefke, Brianna Wood, Tyler Tichelaar, Dorothy Paad, Joshua Chadd, Donna Winters, Anne L’Huillier Erspamer, Gretchen Preston, Marie Bertineau, and more. Stop by and support these talented members of our community!
Tickets can be purchased before the event for $20 at any Range Bank office in Marquette, Negaunee, or Harvey or online at rangebank.com or auctria.events/bankingonliteracy. Tickets will also be sold at the door for $25.
Volunteers for LLF Michigan, the program’s Local Affiliate, will be available to register children in the Marquette 49855 area during the event. To learn more about Dolly Parton’s Imagination Library, visit imaginationlibrary.com or go to literacylegacyfund.org/special projects.
About Range Bank
Range Financial Corp. is the holding company that owns Range Bank which has more than $1.04 billion in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton and Brown Counties. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call 906.226.1025.
About Literacy Legacy Fund of Michigan
LLF Michigan is a registered non-profit headquartered in Marquette dedicated to supporting a literate Michigan citizenry of all ages.
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May 2022
Amanda Knaffla Earns CTFA Designation and Promoted at Range Bank
Marquette, Michigan, May 18, 2022 – Range Bank announced Amanda Knaffla has been promoted to Chief Trust & Wealth Management Officer and has earned the Certified Trust & Fiduciary Advisor (CTFA) designation from the American Bankers Association.
“We congratulate Amanda on her certification and promotion. We are incredibly pleased with the results she has achieved since joining our team last year,” said Range Bank President and CEO Roxanne Daust.
Candidates who earn the CTFA designation have demonstrated expertise in the fields of trust and wealth management. To qualify for the CTFA certification, individuals must meet field experience and education requirements, pass an examination, and abide by the ABA professionals code of ethics. The CTFA exam covers many areas including fiduciary and trust activities, financial planning, tax law and planning, investment management and ethics.
Knaffla joined Range Bank in 2021 and has been leading the bank’s Trust & Wealth Management department. She has over 15 years of experience as an attorney working in estate and trust management. Prior to joining Range Bank, Knaffla built expertise in estate planning, elder law, and probate at the Wideman Law Center, now known as Filizetti Knaffla, P.C., where she eventually became a partner and then the sole owner. Knaffla earned a bachelor’s degree in political science from Central Michigan University and a law degree from Ave Maria School of Law. Knaffla is a member of the National Academy of Elder Law Attorneys, State Bar of Michigan, and Marquette County Bar Association. She is registered with the U.S. Veterans Administration to assist veterans with the benefits process. Knaffla is active in the community, she serves on the board of Marquette West Rotary and has previously served on the board of the YMCA of Marquette County. She resides with her husband and children in Marquette.
About Range Bank
Range Financial Corp. is the holding company that owns Range Bank which has more than $1.04 billion in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton and Brown Counties. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call 906.226.1025.
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April 2022
Range Financial Corporation Declares Dividend
April 4th, 2022, Marquette, MI: Range Financial Corporation, the holding company for Range Bank, declared a quarterly cash dividend of $1.40 per share which is an increase of $.05 per share for shareholders of record on March 1, 2022 and payable on March 15, 2022. “We are pleased to announce this cash dividend, as we are seeing solid financial performance to start off this milestone anniversary year for Range Bank,” said Roxanne Daust, President & CEO.
In 2022, Range Bank will celebrate their 135th year anniversary as a community bank. They owe their success in large part to their rich history and deep-rooted strength, along with their forward-thinking focus. Their heritage of more than a century of community focus leadership and local decision-making has provided a stable foundation for the organization to continually grow and best serve their communities.
About Range Bank
Range Financial Corp. is the holding company that owns Range Bank which has more than $1.04 billion in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton Counties in Michigan and Brown County, Wisconsin. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call 906.226.1025.
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March 2022
Range Bank Announces Employee Promotions
Marquette, MI, March 17, 2022 - Range Bank President and CEO, Roxanne Daust, recently announced the promotions of several Range Bank employees. “Each of these individuals brings a unique set of skills and goes above and beyond living our core values each day,” said Daust. “I am pleased to announce these promotions, as each of these employees are deserving of this recognition.”
Benjamin Wood, Executive Vice President
Benjamin (Benji) Wood was promoted to Executive Vice President. In this position, he will take on additional executive management responsibilities bank-wide, while continuing his Community Bank President role in both Dickinson and Brown counties. He is a graduate of Alma College, the Graduate School of Banking, and the University of Wisconsin Business School’s executive leadership program. He joined Range Bank in 2016 as the Community Bank President of Dickinson County and has since taken on additional responsibilities including the role of Community Bank President of Brown County. He is active in the community, coaching youth sports, serving as past President of the Iron Mountain-Kingsford Rotary Club, Vice President of the Boundary Waters Musky Club and as a member of the Michigan DNR’s Warmwater Steering Committee. “I truly enjoy being part of an outstanding team that makes a daily impact in our communities. I am proud to step into the role of Executive Vice President at a bank that has a 135-year history of supporting the people and businesses who live in this very special part of the country,” stated Wood. He lives with his wife, Tara, and two daughters in Iron Mountain.
Rachel Simonsen, Chief Operations Officer
Rachel Simonsen was promoted to Chief Operations Officer. In her new role, she now oversees the Deposit Services staff company-wide, along with continuing to oversee the Digital Banking, Deposit Operations, and IT departments of the bank. Rachel holds a business management degree from Northern Michigan University (NMU). She joined Range Bank in 2010 as a Management Trainee, and has had a range of experience in roles including: Treasury Management, Deposit Operations & IT Officer, and most recently VP, Branch Administration & Digital Banking Officer. Through her guidance, the bank has implemented many new digital banking tools, and created a department of six employees dedicated to supporting these tools. She resides with her husband, Adam, and two daughters in Negaunee Township.
Brian Syrjala, Chief Home Mortgage Officer
Brian Syrjala was promoted to Chief Home Mortgage Officer. In this role, Brian oversees the mortgage lenders company-wide. Brian joined Range Bank in 2011 as a Mortgage Business Development Officer. He has over 30 years of banking experience, with the majority of that time in mortgage lending, and holds a business management degree from NMU. Through his guidance, Range Bank has grown to be one of the regions’ most trusted and respected mortgage financiers and servicers. Brian resides with his wife, Tricia, and family in Negaunee.
Angie Knauss, Senior Vice President, Mortgage Loan Officer
Angie Knauss was promoted to Senior Vice President, Mortgage Loan Officer. She has over 35 years of experience in the financial industry, with most of her experience in mortgage lending. She joined Range Bank in 2006, as a Mortgage Loan Officer, and holds a finance degree from NMU. She volunteers as treasurer for the MSHS baseball team and has held that role in numerous organizations over the years. Angie lives with her husband, Eric, and son in Marquette.
Chris Gobert, Vice President, Mortgage Loan Officer
Chris Gobert was promoted to Vice President, Mortgage Loan Officer. He has over 15 years’ experience in the financial industry and joined Range Bank in 2009, he has held several roles at Range Bank including Branch Manager and Loan Officer. He holds a managerial finance degree from NMU, where he was a member of their hockey team. He currently serves on NMU’s athletic council and was recently elected to the Marquette Junior Hockey Board of Directors. Chris resides with his wife, Casey, daughter and two sons in Marquette.
Christy Smith, Mortgage Loan Officer
Christy Smith was promoted to Mortgage Loan Officer. Christy has 14 years of experience in the financial industry. She joined Range Bank in 2008. Christy has a depth of experience in both the mortgage and business banking departments. She has held the roles of mortgage processor, commercial loan processor, credit analyst and business banking portfolio manager. She also a NMU graduate. Christy lives with her husband, Charlie, in Negaunee.
Stacy Bouman, Branch Administration Officer
Stacy Bouman was promoted to Branch Administration Officer. In her new role, Stacy will oversee the Dickinson and Brown County Deposit Services staff. The Negaunee native, joined Range Bank in 2013, and has held multiple roles including Teller, Branch Manager, and Employee Development Manager. Additionally, she holds a degree from NMU. Stacy resides with her son in Marquette.
Joe Sayen, Branch Administration Officer
Joe Sayen was promoted to Branch Administration Officer. In this role, Joe will continue to oversee the Deposit Services staff and functions throughout the Copper Country. The Hancock native joined Range Bank in 2010, and has held multiple roles including Teller, Branch Manager and Regional Branch Administrator. Joe resides with his wife and two daughters in Atlantic Mine.
About Range Bank
Range Financial Corporation is the holding company that owns Range Bank, which has over $1 billion in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton Counties in Michigan and in Brown County, Wisconsin. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call (906) 226-1025.
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Range Bank Welcomes Jessica Mantei as Trust & Wealth Management Associate
Marquette, MI, March 10, 2022 – Range Bank is pleased to announce that Jessica Mantei has joined its Trust & Wealth Management team. Since its establishment, the Trust & Wealth team has been able to continually grow in both its experienced team and services. Adding Jessica’s 6+ years of experience fits the overall growth strategy of this department.
As an associate member of the Trust & Wealth Management team, Jessica will work with clients in determining investment needs, completing portfolio reviews and account administration. She will also help manage 401(k) programs. Jessica will support the team’s already recognized community outreach programs.
“We are excited to welcome Jessica to our team” said Amanda Knaffla, Chief Trust & Wealth Management Officer. “Our clients and co-workers will benefit from her organized, comprehensive customer service approach.”
Jessica’s unique background makes her an ideal fit for Range Bank. Her experience working and living in both the Upper Peninsula and Green Bay fits our market footprint. She holds two certifications from the American Bankers Association Wealth and Trust School and has been continuing her education in this field. She has been an active member with the United Way in Wisconsin and has recently joined Connect Marquette.
“I am honored to be a part of one of the most innovative and growing wealth management teams in our area.” Jessica said. “
I am excited to be involved in our community outreach here at Range Bank and look forward to forming relationships with our clients so that I may be a reliable source for them.”
About Range Bank
Range Financial Corp. is the holding company that owns Range Bank which has more than $1 billion in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton and Brown Counties. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call 906.226.1025.
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December 2021
Range Financial Corporation and Range Bank Announce Board Member Changes
Marquette, MI, December 22, 2021 – Range Financial Corporation (the holding company for Range Bank) and Range Bank announces the retirement of Janet Kuru and the appointment of Kurt Voss to both organizations’ Board of Directors.
Janet Kuru has retired from the board after a 55-year career with Range Financial Corporation and Range Bank. She began her career as a teller at then, the First National Bank of Calumet-Lake Linden, dedicating herself to banking. She took on positions of increased authority throughout her career, including President and CEO of Range Bank-Copper Country before her 2006 retirement. Janet was elected to the board of directors in 1988 and throughout her career as both an employee and board member, Janet offered valuable guidance and leadership, which enabled Range Bank to become one of the region’s most stable and well-known financial institutions. Janet’s retirement date from the boards is effective December 6, 2021, exactly 55 years after she began her career.
Recognizing Janet’s service, Roxanne Daust, Chairman, President and CEO of Range Bank said, “Janet has been a dedicated member of the Range family for decades and her banking knowledge has provided invaluable counsel to the board. It has been a pleasure to work and serve with Janet and I wish her well in retirement.”
As we say farewell to Janet, we welcome Kurt Voss to our Board of Directors, Kurt previously served on our Green Bay Advisory Board, making him our first director from the Green Bay region.
Kurt brings extensive experience to the board as owner and CEO of the AmeriLux Family of Companies, which includes its value-adding distribution entity, AmeriLux International; Shape Products, with thermoforming and compression molding capabilities; AmeriLux Transportation, as asset-based transportation company; and AmeriLux Logistics, a value-adding logistics partner.
Founded in 2004, he oversees operations at the company’s corporate headquarters in De Pere, Wisconsin, where he has implemented leading-edge practices in leadership principles, employee engagement and personnel development as well as providing customers with creative and cost-effective customized solutions.
Active in the greater Green Bay community, Kurt serves on the Board of Trustees for St. Norbert College, Board of Advisors for the Donald J. Schneider School of Business and Economics, Community Advisory Board for the Medical College of Wisconsin – Green Bay and Board for Partners in Education at the Greater Green Bay Chamber of Commerce. He also is Chair of the Board of Directors for the Greater Green Bay Community Foundation.
“We are fortunate to have Kurt as a member of our board and look forward to leveraging his entrepreneurial spirit, community perspectives and innovative leadership as we plan for the future of Range Bank.” said Roxanne Daust, Chairman, President and CEO, Range Bank.
A complete list of Board Members can be found on the Range Bank website at: https://www.rangebank.com/about/board-of-directors
About Range Bank
Range Financial Corp. is the holding company that owns Range Bank which has more than $1 billion in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton, and Brown Counties. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call 906.226.1025.
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November 2021
Range Bank Welcomes Bethany Cody as Vice President Marketing Officer
Marquette, MI – Range Bank is pleased to announce that Bethany Cody has joined its team as Vice President Marketing Officer. Bethany comes to the bank with extensive marketing and PR experience in the financial and real estate industry.
In this position as Vice President Marketing Officer, she will oversee the day-to-day operations of the Marketing Department and play an integral role in determining overall strategic marketing directives and initiatives for the bank.
“Bethany is creatively driven and highly collaborative, which makes her a strong cultural fit,” said Roxanne Daust, Chairman, President and CEO, Range Bank. “In addition, she is passionate about community banking, which made her a natural addition to our growing team.”
Bethany is a native to Negaunee and holds a bachelor’s degree from Northern Michigan University. During her career, she has earned a diploma from the American Bankers Association School of Banking, Marketing and Management and has served on the Michigan Bankers Association Marketing Committee since 2015, where she previously served as Chair.
In addition to her responsibilities with Range Bank, Bethany serves as a member of the Marquette Township Planning Commission. She also volunteers at various activities and school sporting events her two sons participate in.
“I am looking forward to using my previous experiences and new ideas to help Range Bank build upon their well-established brand,” Bethany said. “Having been a part of this community and the financial services industry for many years, I’m very enthusiastic about continuing to make Range Bank the bank of choice.”
About Range Bank
Range Financial Corp. is the holding company that owns Range Bank which has more than $930 million in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton and Brown Counties. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call 906.226.1025.
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September 2021
Range Financial Corporation and Range Bank Announce Board Member Changes
Marquette, MI – Range Financial Corporation, the holding company of Range Bank, announced the retirement of Dr. John Pillote and Anita Johns. Range Financial Corporation also announced the election of Scott Jensen and Laura Katers Reilly to its Board of Directors.
“Words cannot express our deep appreciation for Dr. Pillote and Anita for their leadership, guidance and support to the bank and our Board of Directors,” said Roxanne Daust, Chairman, President and CEO, Range Bank. “We are very grateful to them for giving their time and resources, along with being a supporter and advocate of the bank. Thank you for your dedication and commitment to Range Bank’s success.”
Dr. Pillote was elected to the board in 1980 and served for 41 years as a director along with a lead director for many of those years. Anita joined the board in 1997 and served 24 years as a director. During their tenures with Range Financial Corporation, they offered valuable guidance leading Range Bank to become one of the region’s most stable and well-known financial institutions.
“We are now fortunate to welcome Scott and Laura to our board. We look forward to leveraging their unique perspectives and insights as we plan for the future of Range Bank and continue our mission to be the bank of choice in the communities we serve,” said Roxanne Daust, Chairman, President and CEO, Range Bank.
Scott Jensen is the Vice-President and Co-Owner of Guindon Moving & Storage and the Vice President and Co-Owner of Ashley Home stores of Escanaba and Marquette. He also serves on the Agent Advisory Council of Wheaton Van Lines Corporate and is on the Board of Directors for the Michigan Movers Association.
Laura Katers Reilly is an attorney and shareholder of Kendricks, Bordeau, Keefe, Seavoy & Larsen, P.C., Marquette and Hancock, where her law practice includes employment & labor matters; business & municipal matters; estate planning, probate & trust matters; and real estate. In the community, she is a Management Board Member of the U.P. Labor-Management Council, the treasurer of the Shiras Institute, a member of the Public Art Committee at Peter White Public Library, a Board Member of the Marquette County Quilters Association, and a frequent speaker for the U.P. Human Resources Association and the Northern Michigan Public Service Academy.
A complete list of Board Members can be found on the Range Bank website at: https://www.rangebank.com/about/board-of-directors
About Range Bank
Range Financial Corp. is the holding company that owns Range Bank which has more than $930 million in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton and Brown Counties. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call 906.226.1025.
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July 2021
Range Bank Names New Vice President, Trust and Wealth Management Officer
Marquette, Michigan - Range Bank today announced the appointment of Amanda Filizetti Knaffla as the new vice president, trust and wealth management officer for its Trust & Wealth Management Services team.
In her new role, Knaffla will lead Range Bank’s Trust & Wealth Management Services including estate assessment and settlement, trust administration, investment management, traditional and Roth IRA administration, custody services and traditional brokerage services. Knaffla will work hand in hand with Range Bank’s four-person team to meet the needs of individuals, families and business owners in the community. Knaffla will be supported by Danny Dawidowski, who will remain in his role as chief investment officer.
As a practicing elder-law attorney, Knaffla brings 15 years of experience in trust and estate management and a passion for helping families on estate matters and trust administration. Prior to joining Range Bank, Knaffla built expertise in estate planning, elder law and probate at the Wideman Law Center, now known as Filizetti Knaffla, P.C., where she eventually became a partner and then the sole owner. The firm is known for providing focused service in the areas of elder law and estate planning, including wills, trusts, special needs trusts, probate, estate administration, veteran’s benefits and related matters.
“We are incredibly pleased to welcome Amanda to our team,” said Range Bank President and CEO Roxanne Daust. “Her extensive experience in elder law, estate planning and trust management will enable us to better serve our current clients and continue to grow in our community. A true team player, she has a passion to serve – and it shows. Amanda will make a great addition to Range Bank.”
A native of Ovid-Elsie, Michigan, Knaffla began her work in estate planning and elder law while she was still in law school and working downstate at the Wayne County Elder Law and Advocacy Center. She joined a private law practice in Farmington Hills, where she concentrated on trusts, will and long-term planning with her clients.
Since moving to the U.P., Knaffla has been an integral part of the Marquette community. As an active community volunteer, Knaffla serves on the boards of Marquette West Rotary and YMCA of Marquette County, including terms as president for each. She also served on the board of the Upper Great Lakes Family Health Centers.
Knaffla earned a bachelor’s degree in political science from Central Michigan University and a law degree from Ave Maria School of Law. Knaffla is a member of the National Academy of Elder Law Attorneys, State Bar of Michigan and Marquette County Bar Association. She is registered with the U.S. Veterans Administration to assist veterans with the benefits process.
About Range Bank
Range Financial Corp. is the holding company that owns Range Bank which has more than $930 million in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton and Brown Counties. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call 906.226.1025.
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May 2021
Range Bank Announces Jamey Markham's Promotion and Terry Jutila's Retirement
Marquette, MI – Range Bank has announced the promotion of Jamey Markham to Chief Lending Officer following the announcement of Terry Jutila’s retirement.
Starting in early 2020, Jamey Markham began leading the department as Chief Lending Officer. With nearly two decades of experience at Range Bank, Jamey will ensure a smooth and seamless transition.
Markham joined Range Bank in June of 2002. He started his career at Range Bank as a commercial lender and in 2017 he was promoted to Community Bank President of the Copper Country Region. He has been working closely with Terry Jutila over the past 19 years, which has allowed Markham to easily step into his new role as Chief Lending Officer. Markham will serve dual roles, as the Chief Lending Officer and continue in his role as Community Bank President in the Copper Country region.
“We are proud to have Jamey step into the role of Chief Lending Officer”, stated Roxanne Daust, President and Chief Executive Officer of Range Bank. “Terry Jutila and Jamey Markham have worked closely together over the past 19 years and we are confident that Jamey will continue to grow our lending relationships in our communities.”
A graduate of the University of Wisconsin-Madison Graduate School of Banking, Markham holds a Bachelor of Science degree in finance from Michigan Technological University. Jamey serves on the board of the Portage Health Foundation and MTU’s Applied Portfolio Management Program.
Terry Jutila served dual roles as the Chief Lending and Chief Credit Officer, over his 20-year tenure at Range Bank. He has made significant contributions to Range Bank throughout his career. Jutila will continue to support Range Bank through a consulting capacity for a period of time after his retirement.
“Terry has served Range Bank exceptionally well,” said Roxanne Daust, President and CEO at Range Bank. “His steady hand and expansive, knowledgeable approach led to continual growth of our lending relationships and portfolio. On behalf of Range Bank, we wish him all the best in his retirement.”
More About Range Bank
Range Financial Corporation is the holding company that owns Range Bank, which has over $930 million in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton Counties in Michigan and in Brown County, Wisconsin. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call (906) 226-1025.
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March 2021
Range Bank Announces Employee Promotions
Marquette, MI - Range Bank President and CEO, Roxanne Daust, recently announced the promotions of several Range Bank employees. “Each of these individuals brings a unique set of skills and goes above and beyond living our core values each day,” said Daust. “I am pleased to announce these promotions, as each of these employees are deserving of this recognition.”
Michele Kontio, Vice President, Trust Officer
Michele Kontio was promoted to Vice President, Trust Officer. Michele began her career at Range Bank in 2012. She helped launch the Trust & Wealth Management Department at Range Bank. Her commitment to her customers and Range Bank, along with her 33 years of banking experience have played important roles growing the department. Michele is the treasurer of Negaunee Irontown and is a trustee of the Negaunee VFW Auxiliary. Michele lives in Negaunee with her husband, Jeff.
Tim Shandonay, Information Security and Technology Officer
Tim Shandonay was promoted to Information Security and Technology Officer. Tim joined Range Bank in 2017. He holds a bachelor’s degree from Northern Michigan University in Computer Information Systems and has over 22 years’ experience working with computer information systems. Tim volunteers with the UP200 race and is an ultramarathon runner. He lives in Marquette with his wife, Karla, and their two daughters.
Kimberly Wetton, Compliance Officer
Kimberly Wetton was promoted to Compliance Officer. Kimberly began her career at Range Bank in 2016, and has made significant contributions to Range Bank during her time at the bank. Kimberly holds an associates’ degree from Henry Ford Community College and has over 25 years’ experience as a paralegal. Kimberly is a board member of the Fred Waara Chapter of Trout Unlimited. She resides in Negaunee with her husband, Randy.
More About Range Bank
Range Financial Corporation is the holding company that owns Range Bank, which has over $930 million in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton Counties in Michigan and in Brown County, Wisconsin. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call (906) 226-1025.
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March 2020
Range Bank Announces Employee Promotions
Marquette, MI - Range Bank President and CEO, Roxanne Daust, recently announced the promotions of several Range Bank employees. “Each of these individuals brings a unique set of skills and go above and beyond living our core values each day,” said Daust. “I am pleased to announce these promotions, as each of these employees were deserving of this recognition.”
Sally Shaver, Senior Vice President, Mortgage Underwriting
Sally Shaver was promoted to Senior Vice President, Mortgage Underwriting. Sally began her career at Range Bank in 2007, and has made a significant contribution to the Home Mortgage Services department during her time at her bank. Sally holds both a bachelor’s and master’s degree from Northern Michigan University. She is on the Board of Directors for both the Rotary Club of Marquette and Habitat for Humanity of Marquette County. She was recently awarded the Habitat for Humanity of Marquette County’s volunteer of the year for her many contributions and dedication to Habitat for Humanity. She lives in Marquette with her husband.
Rachel Simonsen, Vice President, Branch Administration
Rachel Simonsen was promoted to Vice President, Branch Administration. Rachel started as a Management Trainee ten years ago and has had several positions within the bank prior to moving to branch administration. Rachel plays a significant role as part of the Leadership Team and has contributed to many positive changes within Range Bank. Rachel is a graduate of Northern Michigan University with a concentration in business management. She is a volunteer t-ball coach for the Negaunee Little League. Rachel is a Negaunee native, and currently resides in Negaunee Township with her husband and two daughters.
Lucy Grove, Vice President, Human Resources Officer
Lucy Grove was promoted to Vice President, Human Resources. Lucy began her career at Range Bank two years ago and plays an important role in making Range Bank a great place to work. Lucy also contributes as part of the Range Bank Leadership Team. She holds a bachelor’s degree in business from Roosevelt University in Chicago and has over 25 years of experience in Human Resources. Lucy is on the Board for the Women’s Center in Marquette and is the President of Marquette West Rotary. She resides in Marquette with her husband.
Kim Kaura, Assistant Vice President, Loan Officer
Kim Kaura was promoted to Assistant Vice President, Loan Officer in the Copper Country Region. Kim had her twentieth anniversary with Range Bank in February 2020. Kim has developed into one of the premier lenders in the bank and market and has played a major role in the growth within the Copper Country market. She serves on the board of directors for both the Keweenaw Random Acts of Community Kindness and Kiwanis Club of the Copper Country. She is also the Reading is Fundamental coordinator for Kiwanis. She resides in Allouez with her husband and has two sons, a grandson and a step-granddaughter.
Chris Gobert, Assistant Vice President, Loan Officer
Chris Gobert was promoted to Assistant Vice President, Loan Officer in the Marquette County Region. Chris has been with Range Bank for ten years. He consistently produces a high mortgage volume, and does a great job taking care of his customers and promoting Range Bank within the community. Chris is a graduate from Northern Michigan University with a concentration in Managerial Finance. He is a volunteer coach for the 10U Range Bank hockey team and is also on the Northern Michigan University Athletic Council. He resides in Marquette with his wife and children.
More About Range Bank
Range Financial Corporation is the holding company that owns Range Bank, which has over $811 million in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton Counties in Michigan and in Brown County, Wisconsin. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call (906) 226-1025.
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December 2019
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank N.A., declared a quarterly cash dividend of $1.35 per share payable on December 15, 2019 to the shareholders of record on December 1, 2019. “This is the fourth cash dividend declared this year bringing the total year to date dividend to $5.40 per share” said Roxanne Daust, President. “We are pleased to close the year with such a strong financial performance.”
More About Range Bank
Range Financial Corporation is the holding company that owns Range Bank, which has over $774 million in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton Counties in Michigan and in Brown County, Wisconsin. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call (906) 226-1025.
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November 2019
Range Bank Welcomes Stacey Sedar as Mortgage Loan Officer
Houghton, MI: Range Bank is pleased to announce the addition of Stacey Sedar as a Mortgage Loan Officer in the Copper Country.
“We are excited to have Stacey join us as a Mortgage Loan Officer,” stated Jamey Markham, Community Bank President. “We are always seeking to add strong professionals with unique skill sets to our talented staff. We feel Stacey will be a great addition to our lending team as we continue to move towards our goal of being the bank of choice in the communities we serve.”
Born and raised in the Copper Country, Sedar is a graduate of NMU with a Bachelor of Science degree in Accounting. She has previous experience working for Michigan Technological University in the finance and accounting administration and has previously worked at Range Bank as a Customer Service Manager in the Lake Linden office.
Within the community, Sedar is active with her children’s athletic teams, coaching their basketball, football, softball and volleyball teams. She is also on the school board for Lake Linden-Hubbell Public Schools, along with being a former board member of the Foundation Board for the Lake Linden-Hubbell Public Schools. She also is the treasurer for the MTU Preschool.
Stacey Sedar is assisting home lending customers at the Range Bank Houghton Office. She can be reached at (906) 226-1013 or ssedar@rangebank.com. NMLS#1066679
More About Range Bank
Range Financial Corporation is the holding company that owns Range Bank, which has over $774 million in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton Counties in Michigan and in Brown County, Wisconsin. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call (906) 226-1025.
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September 2019
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank N.A., declared a quarterly cash dividend of $1.35 per share payable on September 15, 2019 to the shareholders of record on September 1, 2019. “This is the third cash dividend declared this year” said Roxanne Daust, President. “We continue to be pleased with our financial performance and look forward to finishing the year in a strong financial position.”
More About Range Bank
Range Financial Corporation is the holding company that owns Range Bank, which has over $774 million in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton Counties in Michigan and in Brown County, Wisconsin. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call (906) 226-1025.
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June 2019
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank N.A., declared a quarterly cash dividend of $1.35 per share payable on June 15, 2019 to the shareholders of record on June 1, 2019. “We continue to be pleased with our financial performance and expect to continue on our path of outstanding financial performance during the second half of 2019.” said Roxanne Daust, President.
More About Range Bank
Range Financial Corporation is the holding company that owns Range Bank, which has over $774 million in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton Counties in Michigan and in Brown County, Wisconsin. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call (906) 226-1025.
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March 2019
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank N.A., declared a quarterly cash dividend of $1.35 per share payable on March 15, 2019 to the shareholders of record on March 1, 2019. “We are pleased to report that 2018 was a record earnings year for Range Financial Corporation.” said Roxanne Daust, President.
More About Range Bank
Range Financial Corporation is the holding company that owns Range Bank, which has over $774 million in assets under management and serves its customers through branch offices in Marquette, Dickinson, Houghton Counties in Michigan and in Brown County, Wisconsin. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call (906) 226-1025.
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December 2018
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank N.A., declared a quarterly cash dividend of $1.35 per share payable on December 15, 2018 to the shareholders of record on December 1, 2018. “This is the fourth cash dividend declared this year bringing the total year to date dividend to $5.40 per share” said Roxanne Daust, President. “We are pleased to close the year with such a strong financial performance.”
Range Bank currently manages over $782 million in assets and services customers through 12 offices located in Marquette, Dickinson and Houghton Counties and Green Bay, Wisconsin. As a full-service bank with over 130 years in business, the bank services business, consumer and trust and investment customers. For more information, visit www.RangeBank.com.
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September 2018
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank N.A., declared a quarterly cash dividend of $1.35 per share payable on September 15, 2018 to the shareholders of record on September 1, 2018. “This is the third cash dividend declared this year” said Roxanne Daust, President. “We continue to be pleased with our financial performance and look forward to finishing the year in a strong financial position.”
Range Bank currently manages over $771 million in assets and services customers through 12 offices located in Marquette, Dickinson and Houghton Counties and Green Bay, Wisconsin. As a full-service bank with over 130 years in business, the bank services business, consumer and trust and investment customers. For more information, visit www.RangeBank.com.
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June 2018
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank N.A., declared a quarterly cash dividend of $1.35 per share payable on June 15, 2018 to the shareholders of record on June 1, 2018. “This is the second cash dividend declared this year” said Roxanne Daust, President. “We continue to be pleased with our financial performance and expect to continue on our path of outstanding financial performance during the second half of 2018.”
Range Bank currently manages over $757 million in assets and services customers through 12 offices located in Marquette, Dickinson and Houghton Counties and Green Bay, Wisconsin. As a full service bank with over 130 years in business, the bank services business, consumer, trust and investment customers. For more information, visit www.RangeBank.com.
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March 2018
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank N.A., declared a quarterly cash dividend of $1.35 per share payable on March 15, 2018 to the shareholders of record on March 1, 2018. “This is the first cash dividend declared this year and we are pleased with our financial performance to start 2018,” said Kenneth Palmer, CEO.
Range Bank currently manages over $757 million in assets and services customers through 12 offices located in Marquette, Dickinson and Houghton Counties and Green Bay, Wisconsin. As a full service bank with over 130 years in business, the bank services business, consumer, trust and investment customers. For more information, visit www.rangebank.com.
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December 2017
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank N.A., declared a quarterly cash dividend of $1.35 per share payable on December 15, 2017 to the shareholders of record on December 1, 2017. This dividend marks an increase of $.05 per share over the $1.30 per share dividend paid to shareholders of record in September of this year. “This is the fourth cash dividend declared this year bringing the total year to date dividend to $5.25 per share,” said Ken Palmer, CEO. “The increase in the dividend marks the growth in assets and earnings that we have seen in 2017 and we are pleased to close the year with such a strong financial performance.”
Range Bank currently manages over $758 million in assets and services customers through 12 offices located in Marquette, Dickinson and Houghton Counties and Green Bay, Wisconsin. As a full service bank with over 130 years in business, the bank services business, consumer, trust and investment customers. For more information, visit www.rangebank.com.
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October 2017
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank N.A., declared a quarterly cash dividend of $1.30 per share payable on September 15, 2017 to the shareholders of record on September 1, 2017. “This is the third cash dividend declared this year” said Kenneth Palmer, President. “We are continuing to see a solid financial year as 2017 enters the final quarter and we expect to finish the year strong.”
Range Bank currently manages over $723 million in assets and services customers through 12 offices located in Marquette, Dickinson and Houghton Counties and Green Bay, Wisconsin. As a full service bank with over 130 years in business, the bank services business, consumer and trust and investment customers. For more information, visit www.RangeBank.com.
Range Bank currently manages over $723 million in assets and services customers through 12 offices located in Marquette, Dickinson and Houghton Counties and Green Bay, Wisconsin. As a full service bank with over 130 years in business, the bank services business, consumer and trust and investment customers. For more information, visit www.RangeBank.com.
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September 2017
RANGE BANK ANNOUNCES LEADERSHIP TRANSITION
Roxanne M. Daust Will Succeed Longtime CEO Kenneth A. Palmer, Who Will Retire in 2018
For Immediate Release: Kenneth A. Palmer, the longtime chairman, president and CEO of Range Financial Corp. has announced he will retire on June 1, 2018. He will be succeeded by Roxanne M. Daust, who has served Range Bank in several leadership roles over the past two decades.
The Range Financial Board of Directors unanimously selected Daust, who currently serves as executive vice president, to the new roles of president and chief operating officer, effective September 1, 2017. In the coming months, she will work closely with Palmer, who will remain chairman and CEO until his retirement, to ensure a smooth leadership transition.
During his 19-year tenure at the helm of Range Bank, Palmer, expanded its footprint and scope of services, growing it into one of the largest community banks serving the Upper Peninsula. He is ending a nearly five-decade career in the financial services industry at Range Bank, which now has 112 employees working in 11 branches in three Michigan counties, along with a loan production office in Green Bay, Wisconsin.
“Ken has served Range Bank exceptionally well since joining us in 1998,” said Dr. John F. Pillote, lead independent director. “His steady hand and conservative approach allowed us to weather the Great Recession much better than our competitors. In fact, we were one of the only banks in Michigan that continued to grow during the downturn.
“Ken understands the key role that community banks play in the financial health and long-term success of the communities where we live and work. On behalf of the entire board of directors, along with our shareholders and employees, we wish him all the best in his retirement.”
Palmer joined Range Financial, the holding company for Range Bank, as its chairman, president and CEO in 1999. He is the seventh president in the bank’s history since its founding in 1887. Key achievements under his leadership include:
• Significantly growing assets under management
• Expanding the bank’s footprint in – and beyond – the Upper Peninsula
• Establishing a trust & and wealth management department
• Acquiring First National Bank of Calumet-Lake Linden
• Moving the headquarters to Marquette
• Supporting dozens of local community organizations through financial contributions and personal volunteering
• Earning numerous awards for business and civic engagement
Palmer also served as a director of the Federal Reserve Bank of Minneapolis for three years. He currently serves as chair of the advisory board for Northern Michigan University’s College of Business and as a board member of the Negaunee City Police Retirement Fund.
Throughout his tenure with the bank, Palmer has served in numerous leadership roles in the community, including on the boards of Michigan Association of Community Bankers, Marinette and Menominee Hospital, Northern Michigan University Development Fund, Lake Superior Community Partnership and the Marquette County Ambassadors, among others. He is a past president of the Menominee Lions Club and a past chair of the Michigan Catholic Conference Pension Board.
Prior to joining Range Bank, Palmer held positions with First of America Bank and Associates Finance.
“It has been a privilege to lead Range Bank for nearly two decades,” Palmer said. “I am very proud of what my team and I have been able to accomplish for our stakeholders during this time.
“Roxanne has played a key role in Range Bank’s success. Her vision, expertise and track record make her a natural choice as my successor, and she has my full support, along with the support of the board.”
Daust joined Range Bank in 1997 as chief financial officer and senior vice president. In these roles, she was responsible for the finance and operations areas of corporate and the bank, leading Range Bank in identifying and implementing new technologies. Daust played a key role in the First National Bank merger, consolidating backroom functions to successfully merge the two banks into a single entity.
She was promoted to executive vice president in 2011. In this role, she has been jointly responsible with Palmer for the day-to-day operations of the bank and has worked to grow assets under management. Daust has led the development and implementation of a strategic corporate plan and successfully helped to launch the trust & wealth management division.
“Ken has done an exceptional job leading Range Bank, and it has been an honor working with him,” Daust said. “He embodies the true spirit of community banking, which always strives to put the community first.
“I am honored to be selected to succeed Ken. We have been a great team, and I look forward to continuing to build on our accomplishments well into the future.”
Active professionally and within the community, she serves on numerous boards and committees, including Teaching Family Homes, Operation Action U.P., UPPCO and Lake Superior Community Partnership, where she serves as treasurer. She is a past president of the Marquette Area Zonta Club and past Group 1 president of the Michigan Bankers Association. She also serves on the dean advisory council for Northern Michigan University’s School of Business.
Daust began her banking career with MFC First National Bank in Marquette. She also served as an auditor with Anderson, Tackman & Company CPA in Marquette.
A graduate of the University of Wisconsin-Madison Graduate School of Banking, Daust holds a Bachelor of Science degree in computer information systems and accounting from Northern Michigan University. She can be reached by phone at (906) 228-8043 or at the Range Bank headquarters located at 100 North Front Street in downtown Marquette.
More About Range Bank
Range Financial Corporation is the holding company that owns Range Bank, which has over $724 million in assets under management and serves its customers through twelve branch offices in Marquette, Dickinson, Houghton and a Loan Services Office in Brown County. Range Bank is a full-service community bank and leader in providing financial solutions to consumers, small businesses and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well-known financial institutions. To learn more about Range Bank, visit RangeBank.com or call (906) 226-1025.
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June 2017
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank N.A., declared a quarterly cash dividend of $1.30 per share payable on June 15, 2017 to the shareholders of record on June 1, 2017. “This is the second cash dividend declared this year” said Kenneth Palmer, President. “We continue to be pleased with our financial performance and expect to continue on our path of outstanding financial performance during the second half of 2017.”
Range Bank currently manages over $720 million in assets and services customers through 13 offices located in Marquette, Dickinson and Houghton Counties and Green Bay, Wisconsin. As a full service bank with over 130 years in business, the bank services business, consumer and trust and investment customers. For more information, visit www.RangeBank.com.
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March 2017
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank N.A., declared a quarterly cash dividend of $1.30 per share payable on March 15, 2017 to the shareholders of record on March 1, 2017. “This is the first cash dividend declared this year and we are pleased with our financial performance to start 2017” said Kenneth Palmer, President.
Range Bank currently manages over $711 million in assets and services customers through 13 offices located in Marquette, Dickinson and Houghton Counties and Green Bay, Wisconsin. As a full service bank with over 130 years in business, the bank services business, consumer and trust and investment customers. For more information, visit www.RangeBank.com.
Range Bank currently manages over $711 million in assets and services customers through 13 offices located in Marquette, Dickinson and Houghton Counties and Green Bay, Wisconsin. As a full service bank with over 130 years in business, the bank services business, consumer and trust and investment customers. For more information, visit www.RangeBank.com.
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December 2016
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank N.A., declared a quarterly cash dividend of $1.30 per share payable on December 15, 2016 to the shareholders of record on December 1, 2016. “This is the fourth cash dividend declared this year bringing the total year to date dividend to $5.20 per share,” said Kenneth Palmer, President. “We continue to be pleased with the bank’s financial performance and we are looking forward to 2017.”
Range Bank currently manages over $719 million in assets and services customers through 13 offices located in Marquette, Dickinson and Houghton Counties and Green Bay, Wisconsin. As a full service bank with over 130 years in business, the bank services business, consumer and trust and investment customers. For more information, visit www.RangeBank.com.
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September 2016
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation declared a quarterly cash dividend of $1.30 per share payable on September 15, 2016 to the shareholders of record on September 1, 2016. “This is the third cash dividend declared this year,” said Kenneth Palmer, President and CEO. “We are continuing to see a solid financial year as 2016 enters the final quarter and we expect to finish the year strong.”
For more information, visit www.RangeBank.com. About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $666 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well known financial institutions.
For more information, visit www.RangeBank.com. About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $666 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well known financial institutions.
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June 2016
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation declared a quarterly cash dividend of $1.30 per share payable on June 15, 2016 to the shareholders of record on June 1, 2016. “This is the second cash dividend declared this year,” said Kenneth Palmer, President and CEO. “We are pleased with our strong financial start to 2016 and we expect to continue on our path of outstanding financial performance throughout the year.”
For more information, visit www.RangeBank.com.
For more information, visit www.RangeBank.com.
About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $656 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties as well as a loan services office in Green Bay, Wisconsin. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region's most stable and well known financial institutions.
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March 2016
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank. N.A., declared a quarterly cash dividend of $1.30 per share payable on March 15, 2016 to the shareholders of record on March 1, 2016. “This is the first cash dividend declared this year,” said Kenneth Palmer, President. “We are pleased with our strong financial start to 2016 and we expect to continue on our path of outstanding financial performance throughout the year.”
For more information, visit www.RangeBank.com.
About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $653 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well known financial institutions.
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December 2015
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank. N.A., declared a quarterly cash dividend of $1.30 per share payable on December 15, 2015 to the shareholders of record on December 1, 2015. This dividend marks an increase of $.10 per share over the $1.20 per share dividend paid to shareholders of record in September of this year. “This is the fourth cash dividend declared this year,” said Kenneth Palmer, President. “The increase in the dividend marks the growth in assets and earnings that we have seen in 2015 and we are pleased to close the year with such a strong financial performance.”
For more information, visit www.RangeBank.com.
About Range Bank
For more information, visit www.RangeBank.com.
About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $655 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well known financial institutions.
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September 2015
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation declared a quarterly cash dividend of $1.20 per share payable on September 15, 2015 to the shareholders of record on September 1, 2015. “This is the third cash dividend declared this year,” said Kenneth Palmer, President and CEO. “We are continuing to see a solid financial year as 2015 enters the final quarter and we expect to finish the year strong.”
For more information, visit www.RangeBank.com. About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $625 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the regions most stable and well known financial institutions.
For more information, visit www.RangeBank.com. About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $625 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the regions most stable and well known financial institutions.
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June 2015
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation declared a quarterly cash dividend of $1.20 per share payable on June 15, 2015 to the shareholders of record on June 1, 2015. “This is the second cash dividend declared this year,” said Kenneth Palmer, President and CEO. “We are pleased with our strong financial start to 2015 and we expect to continue on our path of outstanding financial performance throughout the year.”
For more information, visit www.RangeBank.com.
About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $617 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region's most stable and well known financial institutions.
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March 2015
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation declared a quarterly cash dividend of $1.20 per share payable on March 16, 2015 to the shareholders of record on March 2, 2015. “This is the first cash dividend declared this year,” said Kenneth Palmer, President and CEO. “We are pleased with our strong financial start to 2015 and we expect to continue on our path of outstanding financial performance throughout the year.”
For more information, visit www.RangeBank.com. About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $624 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region's most stable and well known financial institutions.
For more information, visit www.RangeBank.com. About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $624 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region's most stable and well known financial institutions.
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