The board of directors at Monarch Community Bank and Monarch Community Bancorp, has appointed Richard DeVries as the new president and CEO of the Bank and the Bancorp.
Mr DeVries has begun working at the bank, however, his appointment as president and CEO as is subject to approval of the Federal Deposit Insurance Corporation, the Michigan Office of Financial and Insurance Regulation, and the Federal Reserve.
His responsibilities will include overseeing the day to day operations of the bank, managing investor relations, overseeing the adequacy and soundness of the organization’s financial structure, and representing the bank while providing support to customers, shareholders, the public, and the financial community.
Prior to this, Mr DeVries was president and CEO of Pavilion Bancorp/Bank of Lenawee in Michigan. He also has a diverse background in banking, working as the president and CEO of Bank One/Citizens Bank in Ypsilanti and Lansing, commercial lending, venture capital lending, corporate training, commercial loan officer, and commercial lending trainee.