The Stephenson National Bank & Trust has named Greg Salmen as its next president and CEO.
He is the 11th person to serve as SNBT president since the bank was formed in 1874.
“We are extremely pleased to have Greg Salmen step into this role after many years of succession planning and preparation for this leadership transition,” said Daniel J. Peterson, former SNBT president and current executive chairman. “He has been a part of the SNBT leadership team for nearly 22 years, and during that time he has helped cultivate customer relationships and shape employee culture.”
Salmen joined SNBT in 2002 as senior vice president and trust manager. He has overseen all aspects of the investment management and trust department, including financial planning, investment management, estate/trust administration and planning, and retirement planning. In 2014, he was promoted to executive vice president, thereafter assuming broader bank leadership responsibilities. Salmen was elected to serve on the SNBT board of directors in 2020.
“Before coming to SNBT, I had the opportunity to work for three different banks in the Midwest. Those banks all had different ownership structures, different philosophies, and therefore different cultures,” said Salmen. “Those experiences informed my deeply held belief in the unique and special nature of a true independent community bank.”
