Bank Five Nine in Milwaukee suburb names next CEO

Bank Five Nine in Oconomowoc, Wisconsin, a Milwaukee suburb, has hired a new president and CEO.

The $1.5 billion-asset bank said it hired Tim Schneider, a veteran industry executive in Wisconsin, to lead the company beginning in October.

"We conducted a national search for our next president and CEO, and Tim quickly rose to the top of a very competitive candidate pool," Bob Snyder, board chairman of Bank Five Nine, said in a press release.

Schneider most recently was a senior vice president at the $7.4 billion-asset Nicolet National Bank in Green Bay, and before that he was the CEO of the former Investors Community Bank in Manitowoc, which he co-founded. Nicolet National acquired Investors in 2021.

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In the release, Schneider described himself as a collaborative leader. "I believe strongly in family-oriented cultures. When employees care about each other, they work together to best serve customers. Bank Five Nine is exactly that type of organization," he said.

Schneider succeeds Mark Mohr, who said in June he plans to retire in early 2023 after 15 years in leadership roles with Bank Five Nine. Mohr plans to continue with the bank through his retirement, helping with the leadership transition. He will remain a board director.

The company was formerly known as First Bank Financial Centre; it rebranded as Bank Five Nine in May 2020.