JASPER, Ind. - German American Bancorp, Inc. (NASDAQ:GABC) has announced the appointment of Scott Powell as the new Executive Vice President and Chief Credit Officer of its banking subsidiary, German American Bank, effective April 1, 2024. Powell will take over from Keith A. Leinenbach, who is set to retire after more than four decades in the banking industry, including 24 years with German American.
Leinenbach's retirement marks the end of a significant era for the bank, where he was lauded for his leadership and contributions to the company's credit culture and growth. Neil Dauby, Chairman and CEO of German American, expressed gratitude for Leinenbach's years of service and his role in the company's development.
Powell, who joined German American through the acquisition of First Security Bank in 2018, brings extensive experience to his new role, with nearly 34 years in commercial risk and banking. He has been serving as a Regional Credit Officer at German American and is recognized for his dedication to the company's values and stakeholders.
Dauby highlighted that Powell's promotion is part of a long-term management succession plan, reflecting confidence in his ability to uphold German American's commitment to its customers, employees, shareholders, and communities.
Powell, a resident of Newburgh, Indiana, holds a Bachelor of Science degree from McKendree University and an MBA from the University of Southern Indiana.
German American Bancorp, a financial holding company traded on Nasdaq, operates through its banking subsidiary, German American Bank, with 75 banking offices across southern Indiana and Kentucky.
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