NEW GLARUS — The Bank of New Glarus, a leading financial institution in Green, Dane, and Lafayette Counties, along with Bancorp of New Glarus, Inc., this week announced significant changes to both The Bank of New Glarus’s Board of Directors and Bancorp of New Glarus, Inc.’s Board. The following individuals reserve seats on both boards.

Gregg Erickson, a long-time board member for The Bank of New Glarus and Chairman of the Board since 2012, announced his retirement this October. Erickson has served as a member of the Bank’s boards for 32 years. Throughout his tenure, Erickson has been forefront in the bank’s growth, overseeing key initiatives of the Bank’s strategic plans and aiding in the expansion into new markets. 

Reflecting on his time with the bank, Erickson stated, “It has been an honor to lead The Bank of New Glarus and work alongside a devoted team. I am proud of all we have accomplished, and I am confident that the bank will continue to thrive under new leadership.”

John Ott, who has been an active board member since 2000, has also announced his retirement from his board seats effective Dec. 31, 2024. Over the years, Ott has been an integral part of the board’s, significantly shaping their direction and policies. His influence, particularly in the realm of loan and audit committee, has been profound. Russ Davis, board member since 2020, succeeded Erickson as Chairman, effective Oct. 1, 2024. 

“I am honored to step into the role of Chairman of the Board at The Bank of New Glarus,” Davis said. “I look forward to building on the strong foundation laid by my predecessor and working closely with our talented Board members and dedicated staff. Collectively, we will continue to drive advancements and uphold our commitment to our customers.”

In the wake of Erickson and Ott’s retirement, the board was faced with two vacancies. After an extensive search process, the board appointed Matt Streiff, President and CFO, New Glarus Home Retirement Campus, and Ben Thompson, Owner and CEO of Big Radio, Janesville. Both begin their terms before the year’s end.

Ron Schaaf, President of The Bank of New Glarus, expressed confidence in the new appointments.

“We have selected two, capable and experienced professionals to join our boards,” Schaaf said. “I am excited about the future and confident we’ve got the right people in place to navigate the growing financial landscape.”

The Bank of New Glarus is headquartered in New Glarus, Wisconsin and has branch offices located in Belleville, Brodhead, Darlington, Gratiot, Juda and Monroe with a loan production office located in Madison. As the largest deposit bank in Green County, it offers a full range of financial products and services including personal banking, business banking and wealth management. Member FDIC and Equal Housing Lender.