SOURCE: Marine Bank (Wisconsin)

April 06, 2005 11:09 ET

Marine Bank Names Michael J. Miller President and Chief Executive Officer

WAUWATOSA, WI -- (MARKET WIRE) -- April 6, 2005 -- The Board of Directors of Marine Bank, a Wisconsin chartered bank and wholly owned subsidiary of CIB Marine Bancshares, Inc., announced today the appointment of Michael J. Miller as President and Chief Executive Officer of Marine Bank. He will also serve on the bank's Board of Directors. Mr. Miller joined CIB Marine as its Executive Vice President and Chief Lending Officer in December 2003, and has been performing the duties of President and Chief Executive Officer of Marine Bank on an interim basis since September 17, 2004.

"Since joining the organization, Mr. Miller has demonstrated his value to the company. I firmly believe that he has the experience and integrity necessary to perform the duties of President and CEO of Marine Bank," said W. Scott Blake, Chairman of CIB Marine.

Mr. Miller has over 27 years of lending experience in the metropolitan Milwaukee area. Prior to joining CIB Marine, he served for six years as Senior Vice President and Department Manager for US Bank, and was responsible for a $600 million middle market commercial loan portfolio. After receiving his MBA in Finance from the University of Michigan, Ann Arbor, Mr. Miller began his banking career in 1976 with Bank One, Milwaukee. From 1976 to 1997, Mr. Miller held various management and executive positions at Bank One, which provided him with a broad and diverse banking background with core strengths in management, commercial banking, and commercial real estate banking.

William Marsh, Chairman of Marine Bank commented, "We believe that this appointment demonstrates Marine Bank's commitment to serving the Milwaukee community. Mr. Miller has extensive experience serving the banking needs of the people and businesses of Milwaukee."

"I am pleased that the Board has given me this opportunity to build and lead a team to grow our market share in Wisconsin. We will work hard to meet the challenges and opportunities before us," noted Michael Miller.

Marine Bank operates seven full-service banking offices in Brookfield, Cedarburg, Franklin, Grafton, Milwaukee, Pewaukee and Wauwatosa. CIB Marine Bancshares, Inc. is a multi-bank holding company with 41 banking offices in Central Illinois, Wisconsin, Indiana, Florida, Nebraska, Arizona and Nevada.

Statements contained in this news release that are not based on current or historical fact are forward-looking in nature. Actual results could differ materially from those indicated by such statements. For information about factors that could affect actual results, please refer to the Company's periodic reports filed with the Securities and Exchange Commission.

Contact Information

    Angela Blair
    Investor Relations
    CIB Marine Bancshares, Inc.