TMCnet News
Porter Bancorp Board Names N. Marc Satterthwaite and Mark Wheeler as New Directors [Manufacturing Close - Up](Manufacturing Close - Up Via Acquire Media NewsEdge) Porter Bancorp, Inc., parent company of PBI Bank, announced that N. Marc Satterthwaite and Mark F. Wheeler have been appointed as new members to the boards of directors of Porter Bancorp, Inc. and PBI Bank, Inc. According to a release, Satterthwaite is VP, Director of Sales Operations, North America, for Brown-Forman Corp., a diversified producer of fine quality consumer products that is a spirit and wine company. Satterthwaite currently oversees all facets of Brown- Forman's consumer sales throughout the U.S. and Canada and has held a variety of positions across sales and marketing since joining the company in 1988. Within the beverage industry, he serves as Vice Chairman of the NABCA Industry Advisory Committee. He remains actively involved with his alma mater, Western Kentucky University, having recently completed a term on their Alumni Association Board of Directors. "Mr. Satterthwaite has a wealth of expertise in management, marketing, sales and operations that will be invaluable to PBI Bank in achieving its goals," said John T. Taylor, Porter Bancorp, Inc. President and CEO. "His professional experience will be particularly helpful in directing our strategic goals of growing core deposits, changing the deposit mix and further developing the bank's brand and marketing." Wheeler is CFO of PT Development (PTD), a Louisville-based management firm that specializes in providing management and other operational efficiencies to privately held physical therapy practices. Wheeler is responsible for most of the financial aspects of the company including accounting, payor contracting, mergers and acquisitions, and other general corporate matters. Prior to joining PTD, he was EVP and Regional Chairman of U.S. Bank, Louisville, where he was responsible for commercial banking in the Louisville, Nashville, Dayton, Cincinnati, Cleveland, Akron, and Columbus markets, in addition to U.S. Bank's national Professional Sports business. Prior to U.S. Bank, Wheeler was SVP and Manager of National Corporate Banking for PNC Bank. Wheeler also holds leadership positions with several community organizations including Fund for the Arts, Louisville Zoo Foundation, Lincoln Heritage-Boy Scouts, Thornton Oil Corp., The Housing Partnership, University of Louisville Overseers, Galen College of Nursing, BDS Management Group, Inc., and E-Town Motel Associates, LLC. Additionally, he is Chairman of the 2014 Fund for the Arts Campaign. "Mr. Wheeler brings to us more than 30 years of banking experience from both regional and national banks, including a deep understanding of the Kentucky markets that PBI Bank serves," added Taylor. "His counsel will be a tremendous asset in setting our business development strategy and in attracting new business to the bank." Porter Bancorp, Inc. and PBI Bank have received notice of non- objection from its primary regulators to appoint Satterthwaite and Wheeler to the boards of directors. Porter Bancorp, Inc. is a bank holding company headquartered in Louisville, Kentucky. Through Porter's subsidiary PBI Bank, it operates 18 full-service banking offices in Kentucky. ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |