Independent Bank Appoints Mike Stodolak as EVP of Retail Banking, Managing $5.5 Billion in Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Globenewswire
- Executive Appointment: Independent Bank has promoted Mike Stodolak to Executive Vice President of Retail Banking, succeeding the retiring Russ Daniel, who served for 27 years; Stodolak brings over 38 years of experience in financial services, including 25 years at Independent Bank, and is expected to continue driving growth and development within the retail team.
- Leadership Experience: During his tenure at Independent Bank, Stodolak has held various leadership roles overseeing mortgage, bank operations, and wealth management, demonstrating a strong commitment to the bank's growth and reputation, which will enhance customer relationships and career development moving forward.
- Strategic Transition: The retirement of Russ Daniel marks a significant leadership change at Independent Bank, and Stodolak's appointment not only ensures continuity in leadership but also brings new perspectives and innovative thinking to the bank's retail operations, promoting sustainable business growth.
- Customer Service Commitment: Independent Bank is dedicated to providing exceptional personal service and value to its customers, and Stodolak's appointment will further strengthen this commitment, helping the bank maintain its competitive edge and attract more clients in a challenging market.
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About IBCP
Independent Bank Corp. is a bank holding company, the principal subsidiary of which is Rockland Trust Company (the Bank). The Bank is a state-chartered commercial bank which provides a variety of banking, investment and financial services through its retail branches, commercial banking centers, investment management offices, and mortgage lending centers located throughout Eastern Massachusetts as well as in Worcester County and Rhode Island. It also offers a full suite of mobile, online, and telephone banking services. The Bank’s borrowers primarily consist of small-to-upper middle market-sized businesses and consumers. Its loan portfolio includes commercial loans, consumer loans, and other consumer loans, primarily consisting of investment management secured lines of credit, installment loans and overdraft protection lines. The commercial loans consist of commercial real estate loans, construction loans, commercial and industrial loans, and small business loans.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
