Mr. P. David Kuhl is Named President and Chief Executive Officer of First
Clover Leaf Bank
Mr. Dennis Terry to stay on as Director of Market Relations and Board Projects
Mr. William D. Barlow promoted to Executive Vice President, Chief Lending
EDWARDSVILLE, Ill., Sept. 25, 2013 (GLOBE NEWSWIRE) -- First Clover Leaf Bank
announced the appointment of P. David Kuhl as the new President and Chief
Executive Officer of the bank effective October 7, 2013.
"We are confident that Dave's diverse and broad experience in the banking
industry will continue to build upon the success we have experienced over the
last several years," says Gerry Schuetzenhofer, Chairman of the Board of First
Clover Leaf Bank.
Mr. Kuhl brings a vast level of banking experience and proven leadership to
First Clover Leaf Bank, having served as Chairman, President and CEO of
Freestar Bank in Pontiac, IL, as well as Busey Bank in Urbana, IL. Mr. Kuhl
has also served as Chairman of the Board of Directors of the Federal Home Loan
Bank of Chicago and the Illinois Bankers Association. Mr. Kuhl was honored in
2011 by being named Banker of the Year for the State of Illinois. Kuhl is from
the Metro-East area and received his Master of Business Administration from
Southern Illinois University Edwardsville.
Mr. Kuhl commented, "First Clover Leaf Bank has a rich tradition of
exceptional customer service and strong commitment to its communities and
shareholders. Our goal will be to continue this commitment while expanding our
service offerings and increasing shareholder value. I am excited and honored
to be chosen to lead the organization through this next chapter in its long
and impressive history."
Current President and Chief Executive Officer, Dennis Terry, will remain at
First Clover Leaf Bank as Director of Market Relations & Board Projects. Mr.
Terry will work closely with Mr. Kuhl during the change in leadership. "I look
forward to working with Dave as he continues to build on the historical
success of First Clover Leaf Bank," said Mr. Terry. Mr. Schuetzenhofer
commented on the success attributed to Terry during his leadership at the
bank, "Dennis oversaw the growth of the bank from 2000 to the present as the
bank has grown from $80 million in assets to $600 million. We are thrilled
that he will be staying on in a new role and continue to build on his strong
market knowledge and relationships."
First Clover Leaf Bank also announced the promotion of William D. Barlow to
Executive Vice President, Chief Lending Officer. Bill will continue to lead
the business banking group and will be a strategic partner to Kuhl as they
continue to deliver the vision and long-term growth strategy of First Clover
Leaf Bank. "I have had the privilege of working with Dennis Terry, and know
his knowledge and vision will be helpful as I step into my new roll," says
Bill Barlow. "I am equally fortunate to have the opportunity to work with Dave
Kuhl, and I look forward to being an integral part of the executive management
team that will continue to build this great community bank."
About First Clover Leaf Bank
First Clover Leaf Bank is a wholly owned subsidiary of First Clover Leaf
Financial Corp. (Nasdaq:FCLF). First Clover Leaf Bank is headquartered in
Edwardsville, Illinois, and devotes special attention to personal service and
offers a full line of retail and commercial products. First Clover Leaf Bank
is a strong advocate for community banking serving the Madison County Market
and surrounding Metro East Communities. Further information about the company
is available at www.firstcloverleafbank.com.
Forward Looking Statements
This news release may contain certain forward-looking statements, such as
statements of First Clover Leaf Financial Corp.'s or First Clover Leaf Bank's
plans, objectives, expectations, estimates and intentions. Forward-looking
statements may be identified by the use of words such as "expects," "subject,"
"believe," "will," "intends," "will be" or "would." These statements are
subject to change based on various important factors (some of which are beyond
First Clover Leaf Financial Corp.'s or First Clover Leaf Bank's control) and
actual results may differ materially. Accordingly, readers should not place
undue reliance on any forward-looking statements (which reflect management's
analysis of factors only as of the date of which they are given). Readers
should carefully review the risk factors described in other documents First
Clover Leaf Financial Corp. files from time to time with the Securities and
Exchange Commission, including Current Reports on Form 8-K.
CONTACT: Media Contact:
Mr. Gerry Schuetzenhofer, 618-407-1293
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