Bank Midwest names new CEO - Pacific Business News (Honolulu):

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Holewinski, 40, is the son-in-law of Dickinson Financial ChairwomanAnn Dickinson. He previously serveed as senior executive vice president and a membe of the board for DickinsonFinanciao Corp. Holewinski joined the bank in 1997 as a vice presiden and became executive vice president of commercialo bankingin 2003. He also has experience as a lawyerr in the mergers and acquisitions and corporater finance practice groupsof . “Paulk will be an outstanding leader of the Smalley said ina release. “I have worke d with him for 10 years, I have played a role in traininfg him, and I believe he is the righty person to leadthe organization.
The banking business is more challenginv todaythan ever, and he understands both the past and what is needed for the future success of this business.” Smalle y joined Bank Midwest in 1991, becomingy CEO in 1997. During Smalley’ws leadership, Bank Midwest’s assets grew from abouty $500 million to $4.3 billionn as of March 31. Smalley is a former Clasx A director ofthe , servin six years until his second term ended on Dec. 31. Bank Midwestf also said Tuesday that Daniel Dickinson was named as seniord executive vice president and chiefvlending officer, overseeing all the bank’ lending operations “on an interim basis.
” Dickinson, the son of Ann formerly served as executive vice president of commercial real estate at Bank He succeeds Randy Nay, “who has left the the company said in the “We’ve got two very well-trained and well-qualified members of the family who owns the stepping up during some challenging times for, the entire industry,” John Cox, general counsel for Dickinsonj Financial, said in an interview. “They are just takinbg on more responsibility and more prominenfleadership roles.
” In the past thre e years, Dickinson Financial made bank acquisition s in Florida, Arizona and Souther California, while Bank Midwest set up loan-production operationas in the same areas. These now are some of the areas hit hardes by reductions inhouse values. Bank Midwest lost $39.65 million in the first which endedMarch 31, and $14.q2 million in the fourth quarter, whichj ended Dec. 31. It had $14.5 million in assets past due at least 90 days as ofMarcj 31, up 302.1 percent from $3.6 million as of Dec. 31.