KALAMAZOO — Following a leadership succession plan put into place more than a year ago, Kalamazoo-based First National Bank of Michigan promoted Daniel Bitzer to president and CEO.
Bitzer succeeds Larry Lueth, who became senior executive and co-chairman with John Schreuder.
Bitzer joined FNB in December 2011 as Grand Rapids market president. He moved up to executive vice president and senior lender in July 2014 after leading the bank’s expansion into the Grand Rapids market. In December 2015, he was named president of the bank, overseeing operations of FNB’s four branches in the Kalamazoo area, Portage and Grand Rapids, and a Holland lending office.
“Dan’s promotion to President and CEO reflects his proven performance and follows the board-approved management succession plan,” Lueth said in a statement. “I have tremendous confidence in his leadership skills and trust he will continue the bank’s legacy of success.”
FNB Michigan has total assets of $432.5 million and $373.2 million in total deposits as of Sept. 30, according to a quarterly financial report filed with the FDIC. The bank recorded net income through the third quarter of 2016 of $3.52 million.