German American Bank Announces Scott Powell as Chief Credit Officer
March 04 2024 - 4:35PM
German American Bancorp, Inc. (Nasdaq: GABC) and its banking
subsidiary, German American Bank, announces that Scott Powell has
been appointed Executive Vice President, Chief Credit Officer,
effective April 1, 2024. Powell will succeed current Executive Vice
President and Chief Credit Officer, Keith A. Leinenbach, who will
be retiring.
Leinenbach will retire after 24 years with the organization and
over 40 years of broad-based banking industry experience. Keith has
been a trusted steward of German American’s credit culture for
decades and has provided exceptional executive leadership over the
years. Neil Dauby, Chairman and CEO, states, “We wish Keith well in
his retirement years and thank him for his dedicated leadership and
service to our customers, employees, shareholders and communities.
Throughout the course of his career with German American, Keith has
played a critical role in strengthening the company’s credit
culture as well as our culture of team work and collaboration. As
an executive, he has been instrumental in growing our company both
organically and through acquisitions, and driving superior
financial performance.”
Powell joined German American Bank through the acquisition of
First Security Bank in 2018 where he served as an executive and
Chief Credit officer. He currently serves in the role of Regional
Credit Officer at German American. Scott brings vast credit
administrative experience with nearly 34 years of commercial risk
and banking experience at community and large national banks. Dauby
comments, “This transition of our Chief Credit Officer position is
the company’s final step in the ongoing management succession
planning the board has been implementing for the past several
years. We are excited to expand Scott’s leadership role within our
organization. He consistently demonstrates the qualities that
define German American’s culture with an unwavering commitment to
our customers, employees, shareholders and communities.”
Powell resides in Newburgh, Indiana. He earned his
Bachelor of Science degree from McKendree University and his MBA
from the University of Southern, Indiana.
About German American
German American Bancorp, Inc. is a Nasdaq-traded (symbol: GABC)
financial holding company based in Jasper, Indiana. German
American, through its banking subsidiary German American Bank,
operates 75 banking offices in 19 southern Indiana counties and 14
counties in Kentucky. The Company also owns an investment brokerage
subsidiary (German American Investment Services, Inc.) and a full
line property and casualty insurance agency (German American
Insurance, Inc.).
Media Contact: D. Neil DaubyChairman &
Chief Executive Officer 812-482-1314
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