logo
Online Banking secureBankingLogo
Secure File Upload button

SFB Announces Paul Rudersdorf as next CEO

Jerry Bauer, Chairman of the Board of Security Financial Bank (SFB) and Security Financial
Services Corporation (SFSC), the holding company that owns the Bank, announces the promotion of Paul Rudersdorf to succeed Jim Mayo as Chief Executive Officer (CEO) and President of Security Financial Bank. Rudersdorf has also been appointed to serve on the Board of Directors of SFB and SFSC. All will be effective on January 1, 2017. Jim Mayo will continue to serve as CEO / President of SFSC during 2017.

Rudersdorf joined SFB in July 2015, as the Chief Banking Officer overseeing sales and revenue generation. His responsibilities included building teams to generate revenue for the Bank, overseeing business banking, cash management, customer call center and the retail division for all locations. A position he has held since then.

Prior to joining SFB, Rudersdorf was an Executive Vice President for River Valley Bank in Wausau, WI. He wasat River Valley for 22 years. Prior to River Valley he spent 4 years at Norwest Bank.

Paul has a Masters in Accounting from the UW-Milwaukee and a Bachelor's degree in Finance at the UWWhitewater. Paul and his wife Maryann have 5 children and 5 grandchildren.

Jim Mayo, while retiring as the bank CEO/President, will continue as the CEO / President of SFSC. In this capacity, he will assist with the management transition at the bank, work on various strategic initiatives, and direct shareholder relations. Jim will continue to serve on SFB's and SFSC's Board of Directors.

Jim has served as the CEO/President of SFB for the past ten years and has been employed at the bank since 1999.

Security Financial Bank is a $420 million commercial bank with banking offices in Bloomer, Durand, Eau Claire and River Falls and Security Financial Solutions, a wealth management division located in Eau Claire.