FFW Corp Announces Changes to Senior Management

Rhea-AI Summary

FFW Corporation (OTC PINK: FFWC) announced management changes effective October 1, 2021. Jennifer Southers, Senior VP of Retail Banking, will retire on January 7, 2022, after 16 years with Crossroads Bank. Emily Boardman will be promoted to Executive VP and Chief Administrative Officer, overseeing the Retail Banking Division and various operational functions. Kirsten Pendarvis will be promoted to VP and Chief Financial Officer, managing all accounting and financial systems. These transitions aim to ensure seamless service for customers and employees.

Positive

• Promotion of Emily Boardman to Executive VP and Chief Administrative Officer enhances leadership and operational management.
• Kirsten Pendarvis's promotion to CFO strengthens financial oversight and compliance.

Negative

• Retirement of Jennifer Southers may impact leadership continuity in Retail Banking.

WABASH, Ind., Sept. 29, 2021 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK: FFWC), parent corporation of Crossroads Bank, announces changes to senior management.

Roger K. Cromer, President, and CEO of FFW Corporation, the parent corporation of Crossroads Bank, announces the retirement of Jennifer Southers, Senior Vice President of Retail Banking, effective January 7, 2022.  Jenni’s banking career has spanned more than 40 years, the last 16 years at Crossroads Bank.  Jenni has provided positive leadership and has been an invaluable partner.  We will miss her insight and wisdom on the management team.  We wish her well as she enters a new chapter in her life.

Effective October 1, 2021, Emily Boardman, CPA, previously Crossroads Bank Senior Vice President and Chief Financial Officer, will be promoted to Executive Vice President and Chief Administrative Officer.  In her new role, Ms. Boardman will lead our Retail Banking Division and continue to manage our human resource, IT, compliance, and deposit operation areas.  Emily started her career in May 2007 as our Controller and was promoted to CFO in 2009.  In 2015, she added the various operational duties noted above and has brought a focus on strategic planning and employee/community engagement.

Effective October 1, 2021, Kirsten Pendarvis, CPA, previously Controller at Crossroads Bank, will be promoted to Vice President and Chief Financial Officer.  In her new role, she will oversee all accounting and financial systems, budgets, capital investments and serve as the liaison with auditors and regulatory agencies.  Kirsten started her career in April 2020 as our Controller and had previously worked at BKD CPAs & Advisors, focusing on providing audit servicing to community financial institutions.

This is an exciting time for Crossroads Bank to promote talent within the organization as opportunities arise. This transfer of duties will provide a seamless transition for customers and employees alike.

FOR MORE INFORMATION
Roger Cromer
President & CEO
(260) 563-3185

SOURCE: FFW Corporation

FAQ

What management changes were announced by FFW Corporation on September 29, 2021?

FFW Corporation announced the retirement of Jennifer Southers and promotions for Emily Boardman and Kirsten Pendarvis.

Who is the new Chief Financial Officer of FFW Corporation?

Kirsten Pendarvis has been promoted to Chief Financial Officer effective October 1, 2021.

When is Jennifer Southers's retirement effective?

Jennifer Southers's retirement is effective January 7, 2022.

What positions are Emily Boardman and Kirsten Pendarvis being promoted to?

Emily Boardman is promoted to Executive VP and Chief Administrative Officer, and Kirsten Pendarvis is promoted to VP and Chief Financial Officer.