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Hawthorn Bancshares Announces Directorate Appointments

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Hawthorn Bancshares, Inc. (NASDAQ: HWBK) announced the appointment of Shawna Hettinger and John States as independent non-executive directors, effective September 28, 2022. Shawna Hettinger, with over 15 years in the construction industry, is the president of Streetwise, Inc., while John States has over 30 years of experience and is a member of Little Dixie Construction. The appointments aim to enhance the board's insight amidst the company’s growth in Kansas City and Columbia, MO, as stated by Chairman David T. Turner.

Positive
  • Appointment of experienced directors to enhance board insight.
  • Shawna Hettinger and John States bring over 45 years of combined industry experience.
  • Strategic board expansion due to the company's growth in key markets.
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  • None.

JEFFERSON CITY, Mo., Oct. 04, 2022 (GLOBE NEWSWIRE) -- Hawthorn Bancshares, Inc. (NASDAQ: HWBK), the parent company of Hawthorn Bank, announced today that Shawna Hettinger and John States have been appointed independent non-executive directors to both Hawthorn Bancshares and Hawthorn Bank’s board of directors effective September 28, 2022.

“We are pleased to welcome Shawna and John to our directorate,” said David T. Turner, Chairman, CEO & President of Hawthorn Bancshares and Hawthorn Bank. “With the bank’s growth in both Kansas City and Columbia, MO, it has been the Board’s desire to bring on additional directors in these markets. We are confident that Shawna and John are well-suited to expanding the insight of our board and we look forward to their contributions,” said Mr. Turner.

Hettinger is president and majority owner of Streetwise, Inc., a pavement marking and traffic control company based in Grandview, MO with a location in Springfield, MO. She earned her degree from Missouri State University and has over 15 years' experience in the construction industry.

States is a member/owner of Little Dixie Construction, a Columbia, MO based general contracting firm. He earned a degree from the University of Missouri and has over 30 years’ experience in the commercial construction industry.

In addition to Hettinger and States, Hawthorn Bancshares’ board of directors includes Chairman, CEO & President David T. Turner, Kathleen L. Bruegenhemke and independent directors Frank E. Burkhead, Philip D. Freeman, Jonathan D. Holtaway, Kevin L. Riley and Gus S. Wetzel, III. The Company’s advisory directorate is composed of Charles G. Dudenhoeffer, Jr. and Gus S. Wetzel, II.

About Hawthorn Bancshares

Hawthorn Bancshares, Inc., a financial-bank holding company headquartered in Jefferson City, Missouri, is the parent company of Hawthorn Bank of Jefferson City, Missouri with additional locations in Missouri communities of Lee's Summit, Liberty, St. Louis, Springfield, Independence, Columbia, Clinton, Osceola, Warsaw, Belton, Drexel, Harrisonville, California, and St. Robert.

Statements made in this press release that suggest Hawthorn Bancshares' or management's intentions, hopes, beliefs, expectations, or predictions of the future include "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended. It is important to note that actual results could differ materially from those projected in such forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in such forward-looking statements is contained from time to time in the company's quarterly and annual reports filed with the Securities and Exchange Commission.


FAQ

What recent board changes occurred at Hawthorn Bancshares (HWBK)?

Hawthorn Bancshares appointed Shawna Hettinger and John States as independent non-executive directors effective September 28, 2022.

Who are the new directors of Hawthorn Bancshares (HWBK)?

The new directors are Shawna Hettinger, president of Streetwise, Inc., and John States, a member of Little Dixie Construction.

Why did Hawthorn Bancshares (HWBK) expand its board?

The board was expanded to enhance insight due to the company’s growth in Kansas City and Columbia, MO.

What is the professional background of Shawna Hettinger and John States at HWBK?

Shawna Hettinger has over 15 years in construction and leads Streetwise, Inc.; John States has over 30 years in commercial contracting with Little Dixie Construction.

Hawthorn Bancshars Inc.

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