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Senior Executives Transition at American Trust

President Robert J. Donovan, CTFA

After a remarkable banking career that spanned more than four decades, Senior Executive Vice President Robert J. Donovan, CTFA, has announced he will retire from American Trust in 2017. Bob joined the bank in 1969 as a part-time coin-wrapper. His first full-time position at the bank was as a teller at the Kennedy Rd. office. Bob joined the bank’s Trust Division in 1975. Christy Armstrong was president of the bank at the time, and Charles J. “Charlie” Schrup was Executive Vice President, Trust Officer, Chairman of the Trust Committee, and Bank Director.

Attorney and Senior Vice President Leo J. Meier was Charlie’s right-hand in the Trust Department. Together they mentored Bob, who was soon administering wealth and trusts for many clients. Over the years, Bob’s expertise grew and his responsibilities continued to expand, and in 1979 he was promoted to Trust Officer. In 2003, Bob assumed responsibility for the Financial Management Group, comprised of investments, personal trust, and employee benefits functions. In 2010, Bob was promoted to Senior Executive Vice President as the division achieved record results and made significant enhancements in recordkeeping technology. As of September 2016, FMG has $2.24 billion in assets under management and more than 100 professionals.

To ensure American Trust’s continued commitment to excellence and leadership in the community, Senior Executive Vice President Kurt D. Wedewer will work in tandem with Bob as Assistant Manager for the Financial Management Group until Bob’s retirement. Kurt has over 25 years of experience in the banking and qualified retirement plan industries. He began his career at IDS/American Express Financial Services in Waterloo, IA, where he provided various financial services products. As his career progressed he joined CIGNA in Dubuque as a Pension Underwriter, and then Mercantile Bank where he served as Trust Officer for the Cedar Rapids and Dubuque areas.

Since joining American Trust’s Retirement Division in 1997, he has been responsible for managing the Retirement division, including sales and the continued development of the retirement solution. In 2003, Kurt was promoted to Senior Vice President and a member of the bank’s executive management team. In 2010, Kurt was promoted to Executive Vice President, and recently Kurt was named Senior Executive Vice President.

After a significant banking career built over four decades, Senior Executive Vice President Peter A. Soraparu will also retire from American Trust in 2017. Pete began his banking career in 1975 as Loan Officer at First Federal Savings in Des Plaines, IL. He continued to build his career in the Chicagoland area and after a few years assumed new responsibilities as Assistant Vice President at North West Federal Savings in Chicago.

Pete joined American Trust in 2007 and was responsible for all retail banking functions, including branch administration, brokerage services, and consumer and mortgage lending. In time, Pete expanded his role at the bank to include commercial lending in a new Relationship Banking Group, and he built a great team of banking professionals who grew the bank to new levels by deepening their relationships with their clients.

Senior Executive Vice President Darin P. Fischer is working in tandem with Pete as Assistant Manager for the Relationship Banking Group until Pete’s retirement. In his new position, Darin will develop commercial and retail banking strategies for product and services solutions and manage the various banking lines of business. Darin began his career as a Portfolio Analyst at Merrill Lynch Business Financial Services in Chicago. During the next ten years, Darin held various positions at ABN AMRO Bank in Chicago, working his way up to Vice President and Relationship Manager in AMRO’s corporate banking division with a loan portfolio exceeding $1.5 billion.

Darin joined American Trust in 2010, bringing with him more than 20 years of banking experience with focused expertise in credit, commercial banking, and business development. In 2013, Darin was promoted to Executive Vice President – Director of the Commercial Banking Group. Recently Darin was promoted to Senior Executive Vice President, will also be responsible for the Retail Banking, Consumer Lending, Small Business, and Mortgage Lending business lines.


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