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CIB Marine Bancshares, Inc. Announces Expansion of Board of Directors and Appointment of New Director

CIBH
  • CIB Marine Bancshares, Inc. expanded its Board of Directors from nine to ten members effective February 16, 2026.
  • Dennis Pollack was appointed to the newly created seat on both the parent company board & the CIBM Bank subsidiary board.
  • Mr. Pollack will serve in the director class scheduled for re-election at the 2028 Annual Meeting of Shareholders.
  • The 2026 Annual Meeting of Shareholders will be held virtually on April 30, 2026.
  • Directors Gina M. Cocking, Mark A. Elste, & Steven C. Palmitier are standing for election at the 2026 Annual Meeting.
  • Mark Elste, Chairman of CIB Marine, cited Pollack's extensive financial leadership experience & strategic planning skills as key assets for shareholder value.
  • Pollack's background includes executive roles at Sony Corporation of America, Connecticut Bank of Commerce, Savings Bank of Rockland County, & Paulson & Company.
  • Pollack has previously served on the boards of TF Financial Corp., SI Financial Group, Prudential Bancorp, & Provident Bancorp.
  • CIBM Bank operates nine banking offices & maintains mortgage loan officers or offices in six states.
  • The release includes standard forward-looking statement disclaimers regarding risks such as regulatory, economic, & market forces.