Attached files
file | filename |
---|---|
8-K - GERMAN AMERICAN BANCORP, INC. | v194423_8k.htm |
GERMAN
AMERICAN BANCORP, INC.
NEWS
RELEASE
For
additional information, contact:
Mark A Schroeder, Chief Executive Officer of German
American Bancorp, Inc.
Bradley M Rust, Executive Vice President/CFO of
German American Bancorp, Inc.
(812)
482-1314
GERMAN
AMERICAN APPOINTS THOMAS W. SEGER AS NEW DIRECTOR
JASPER,
Indiana, August 16, 2010 — The board of directors of German American Bancorp,
Inc. (NASDAQ:GABC), has elected Thomas W. Seger to a newly created board seat,
effective immediately. Mr. Seger has also been appointed to the
Compensation/Human Resources, Audit and the Credit Risk Management Committees of
the board of directors, and to the board of directors (and similar board
committees) of the company’s bank subsidiary.
“We’re
very excited to have Tom join us as a director,” said U. Butch Klem, Lead
Director and Chair of the Governance/Nominating Committee of the German American
board of directors. “Tom isn’t a stranger to German American, as he and his
family members have been long-time shareholders of our company and business
leaders in our communities. Tom and his family’s knowledge of the
agricultural industry on a local, regional, and national level is an extremely
valuable asset for our company and for our board. We are looking
forward to Tom’s insights in helping us build value for our
shareholders.”
Mr.
Seger, age 52, is vice president of Wabash Valley Produce, headquartered in
Dubois, Indiana, and president of Simple Transport which is also located in
Dubois. He serves on the boards of Brown Produce Company in Farina, Illinois and
Ballas Egg Products in Zanesville, Ohio and he shares ownership in Farbest Foods
(Huntingburg, Indiana), and JFS Milling (Dubois, Indiana). Wabash
Valley Produce, Farbest Foods and its affiliates serve many Fortune 500
Companies, supplying to them more than 7 million eggs per day and 10 million
turkeys annually.
Mr. Seger
is also a board member and treasurer of Patoka Valley Health Care Cooperative,
which provides managed care to over 30,000 members in southwest Indiana, and is
a former member of the board of directors of Memorial Hospital and Health Care
Center in Jasper, Indiana. Tom has a history of leadership in Jasper
(Indiana) youth sports and recreation programs.
“I’ve
always had a great deal of respect for German American’s board and couldn’t be
more pleased to become a director,” said Mr. Seger. “I’m looking
forward to contributing toward its continued growth and success.”
Tom and
his wife, Cindy (Hoffman), are the parents of four children: Andy - Chicago,
Kelly - Charleston, S.C., and Jordan and Stephanie of Jasper.
GERMAN
AMERICAN BANCORP, INC.
NEWS
RELEASE
For
additional information, contact:
Mark A Schroeder, Chief Executive Officer of German
American Bancorp, Inc.
Bradley M Rust, Executive Vice President/CFO of
German American Bancorp, Inc.
(812)
482-1314
ABOUT
GERMAN AMERICAN
German
American Bancorp, Inc. is a financial services holding company that operates,
through its principal banking subsidiary, 30 retail banking offices in 12
contiguous southern Indiana counties. German American also owns a
trust, brokerage and financial planning subsidiary, as well as, a full service
property and casualty insurance agency.