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mBank Announces Executive Level Promotions

MANISTIQUE, Mich., January 11, 2017- mBank is pleased to announce the promotions of Senior Vice President Clay Peterson and Senior Vice President Joanna Slaght to Executive Vice Presidents. They will continue to provide top level leadership throughout various administrative, client service, and governance areas of the company to support future strategic growth objectives both organically and externally.

Clay Peterson, Executive Vice President, Western UP & Wisconsin Market Executive and Managing Director of Retail Banking. Mr. Peterson has been with the bank for approximately three years. During this time, he has overseen all retail banking activities company wide, as well as managing all commercial lending activities in the Western UP and Wisconsin markets. He was an integral part of the Senior Leadership T eam in consummating the successful 2016 Northern Wisconsin expansion acquisitions of the First National Bank of Eagle River, and the First National Bank of Niagara. His experience comes from an expansive, and diverse, 18 plus year banking career in Northern Michigan. He is a graduate of Northern Michigan University with a B.S. in Business Management and a graduate of the University of Wisconsin-Graduate School of Banking. Clay is a native of the Upper Peninsula and currently resides in Gladstone with his family where he has been living for the last 17 years. Clay can be reached at (906) 786-8426 or by email at cvpeterson@bankmbank.com

Joanna Slaght, Executive Vice President, Managing Director of Administration & Regulatory Compliance Risk. Mrs. Slaght has been with the bank for over 20 years. During this time, she has served mBank in several key senior management positions, including SVP Compliance Officer/Risk Manager, as well as overseeing Human Resources, Marketing, and Training & Development/Sales Administration for the company. Through her direction, the bank has continued to attain a strong risk management governance program in terms of managing global loan and deposit compliance and internal audit risk throughout the organization. Joanna holds a B.S. in Business Administration with a Finance Specialization from Marquette University. Joanna currently resides in Newberry with her family where she has been living for the last 22 years. Joanna can be reached at (906) 341-7151 or by email at jslaght@bankmbank.com

Commenting on the Executive Level Management promotions, President and CEO Kelly W. George stated “Both these promotions for Clay and Joanna to Executive Management levels are so well deserved given their proven highly successful track records during their banking tenure, coupled with their strong educational and technical backgrounds. The day to day leadership and strategic insights they both bring to their respective roles, given the challenging regulatory and business climate we continue to operate in, are essential for the ongoing safe and sound growth of our banking footprint which has exceeded over $1.0 Billion in assets in 2017 and 23 offices.”

About mBank
Headquartered in Manistique, Michigan. Proudly serves Michigan and Northern Wisconsin with 23 branch locations. With assets in excess of $1 billion, the community bank empowers individuals and small to medium sized businesses with smart financing and depository solutions for peace of mind. For more information, visit: bankmbank.com. Member FDIC. Equal Housing Lender.