Independence Bank has announced the leadership succession of Jacob Reid, Executive Vice President, to the role of President. The transition took place following the approval of the transition by the Board of Directors on October 9, 2018. Chris Reid will remain in the positions of Chairman and CEO and will continue to have a hands-on role with business strategy, development and growth.
The leadership succession announcement appropriately comes on the 60th birthday of Chris Reid, who assumed the role of President in 1991 following in the footsteps of his late father, Charles A. Reid.
Jacob graduated from Brescia University in 2004 and is a 2012 graduate of the Colorado School of Banking. Jacob has worked in many facets of the business, garnering experience in areas from the teller line to the information technology, secondary market and market development. In his most recent role, he has served as Executive Vice President for the past three years, working alongside his father, Chris, in strategic decision making and market growth in preparation for the succession.
Other strategic management promotions include the naming of Greg Mullican to Vice Chairman of the Board, in addition to his current role as Executive Vice President and Chief Lending Officer. Greg has been with the bank for 17 years, spending the last 15 years in his current role. As Vice Chairman, Greg will work alongside Chairman, Chris Reid, interacting directly with the Board of Directors on business strategy and implementation.
Tawna Wright has been named Chief Operations Officer, and will continue to serve as Vice President and Human Resource Officer for the bank. She has been with the bank for 20 years and will oversee the day-to-day operations and functions throughout the bank. The addition of the role comes as a result of the growth of the bank and its expanding needs to serve all 12 markets and the locations that represent those communities.
Independence Bank is a locally owned and operated community bank with 25 locations in Calloway, Daviess, Franklin, Graves, Hancock, Henderson, Hopkins, Jefferson, McCracken, McLean, Warren and Webster counties with assets over $2.2 billion.