Jack Kaiser Elected Chairman of SFSC
The Board of Directors of Security Financial Services Corporation (SFSC), the holding company that owns Security Financial Bank (SFB), elected Jack Kaiser as its new chairman effective Tuesday, April 26. He also will serve as chairman of the bank.
Kaiser has served as a director of SFSC and SFB since 2009. He is currently chair of SFB's Directors Loan Committee and a member of the bank's Governance Committee. Kaiser is president and general manager of Banbury Place, Inc., a multi-use, multi-tenant real estate development with more than 160 tenants. He also is the general manager of Cigan Properties Limited Partnership, which is a commercial real estate development firm. Both companies are located in Eau Claire, WI.
Kaiser succeeds Jerry Bauer, who had served as chairman for both SFSC and SFB since 2008. Bauer retired from both Boards after serving for 30 years.
"On behalf of the Board, shareholders, and SFB employees, I would like to express our gratitude for the service and guidance Jerry Bauer has provided over the past three decades," Kaiser said. "Jerry has clearly shown his dedication to SFSC, the bank, and the customers and communities we serve."
Bauer is the chairman of the Board and chief executive officer of Bauer Built, Inc., a family-owned business that distributes tires and related products and services throughout the Midwest. In addition to Bauer Built, Inc., Jerry is a member of Heartland Equity Partners, and he and his wife, Sue, own BBRE, LLP, a real estate partnership.
At the SFSC Annual Meeting on Tuesday, Mark Oldenberg was elected to the Board of Directors, and Chuck Forster and Jim Mayo were re-elected. They join continuing Directors Bob Komro, Jim Price, and Andy Wieser on the SFSC Board.