Jerome J. Gassen, President and Chief Executive Officer of Ameriana Bancorp (NASDAQ: ASBI), the holding company for Ameriana Bank, today announced that Timothy G. Clark has been named the Bank's Executive Vice President - Chief Risk Officer. He will report to Gassen and Charles M. (Kim) Drackett, Jr., Chairman of the Audit Committee.
In this newly created position, Clark will be responsible for the development of innovative and effective risk management solutions to measure, monitor and support Ameriana's Enterprise Risk Management program. He also will create the appropriate scope and standards in the Company's risk profile, identify the risks, establish risk tolerances and develop risk response strategies and actions.
Clark will supervise the Risk Management team, including the compliance staff, audit team and loan review. He also will direct the activities of Ameriana Bank's two subsidiaries: Ameriana Financial Service and Ameriana Insurance.
Gassen noted, "Due to the ever-changing demands and scope of bank regulations, I am pleased that Tim will lead our risk management team and strengthen our enterprise risk management. Tim's experience and leadership will serve us well as the financial services operating and regulatory environment continues to evolve."Clark has served in his current position with the Bank as Executive Vice President and Chief Operating Officer since 1997. He is a 40-year veteran of community banking in Indiana. Clark previously held the position of Regional Executive and Area President at National City Bank of Indiana in Seymour, Indiana, for five years and before that held senior management positions with Central National Bank in Greencastle, Indiana, for five years and Hancock Bank & Trust in Greenfield, Indiana, for 13 years. He is active in numerous community organizations and currently serves on the Board of Trustees for Hancock Regional Hospital in Greenfield, Indiana, and the Board of Hancock County Community Foundation. He received a bachelor's degree from Ball State University, Muncie, Indiana, and completed the University of Wisconsin's Graduate School of Banking.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV