People: Northern States Financial Corp (NSFC.PK)

NSFC.PK on OTC Markets Group

0.67USD
23 Jan 2015
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Summary

Name Age Since Current Position

Allan Jacobs

77 2010 Chairman of the Board

Scott Yelvington

57 2010 President, CEO, Director; President, Chief Executive Officer of NorStates Bank

Charles Smith

62 2011 Independent Vice Chairman of the Board

Steven Neudecker

62 2010 Chief Financial Officer, Vice President; Executive Vice President and Chief Financial Officer of NorStates Bank

Thomas Nemeth

58 2003 Vice President, Treasurer; Senior Vice President & Controller of NorStates Bank

Kerry Biegay

64 2010 Vice President, Corporate Secretary; EVP, Corporate Secretary of NorStates Bank

Shelly Christian

45 2005 Executive Vice President and Chief Lending Officer of NorStates Bank

Theodore Bertrand

56 2005 Independent Director

Jack Blumberg

81 1991 Independent Director

Frank Furlan

83 2011 Independent Director

James Hollensteiner

81 1991 Independent Director

P. Kuhl

64 2012 Independent Director

Barbara Martin

58 2010 Independent Director

Raymond Mota

63 1996 Independent Director

Biographies

Name Description

Allan Jacobs

Mr. Allan J. Jacobs, CPA, is an Independent Chairman of the Board of Northern States Financial Corporation. He brings to the Board important accounting and public company experience as a CPA and former partner of Evoy, Kamshulte, Jacobs & Co., LLP Certified Public Accountants, a public accounting firm.

Scott Yelvington

Mr. Scott Yelvington is President, Chief Executive Officer, Director of Northern States Financial Corporation and President, Chief Executive Officer of NorStates Bank, a subsidiary of Northern States Financial Corporation. He is Director, President and Chief Executive Officer since 2010. Executive Vice President from 2008 to 2010. President and Chief Executive Officer, NorStates Bank, since 2010. President and Chief Operating Officer, NorStates Bank, from 2008 to 2010. Prior to joining the Company, was Executive Vice President, Development for Metropolitan Bank Group, Chicago, Illinois from 2007 to 2008; from 2002 to 2007, was Senior Vice President, Chief Operating Officer of the Metropolitan Bank Group.

Charles Smith

Mr. Charles W. Smith is Independent Vice Chairman of the Board of Northern States Financial Corporation. He has been active with the local Lake County Bar Association. He is Attorney and owner of the law firm of Smith & LaLuzerne, Ltd.

Steven Neudecker

Mr. Steven J. Neudecker is Chief Financial Officer, Vice President of Northern States Financial Corporation and Executive Vice President and Chief Financial Officer of NorStates Bank since 2010. Prior to employment by the Company in 2010, Executive Vice President and Chief Financial Officer at Baytree National Bank & Trust Company from 2008 to 2010. Prior to 2008, served in various capacities at Harris Bank N.A. for 33 years, most recently as Vice President and Senior Controller for Personal and Commercial Banking - U.S.

Thomas Nemeth

Mr. Thomas M. Nemeth is Vice President, Treasurer of Northern States Financial Corporation since 1999 and Senior Vice President and Controller of the Bank since 2003. He was employed by the Company and predecessor since 1979.

Kerry Biegay

Mr. Kerry J. Biegay is Vice President, Corporate Secretary of Northern States Financial Corporation and Executive Vice President, Corporate Secretary of NorStates Bank, a subsidiary of the company. He is Vice President and Corporate Secretary since 2010. Vice President from 1999 to 2009. Executive Vice President and Corporate Secretary of the Bank since 2010. Executive Vice President of Operations of the Bank from 2008 to 2009. From 2006 to 2007, Executive Vice President and Chief Operating Officer of the Bank. Prior to 2006, Executive Vice President of the Bank and head of operations since 1999. He was employed by the Company and predecessor since 1973.

Shelly Christian

Ms. Shelly Christian is Executive Vice President and Chief Lending Officer of NorStates Bank, a subsidiary of Northern States Financial Corporation since 2005. She was Senior Vice President of the Bank from 2004 to 2005, as a loan officer. Employed by the Company since 2004. In 2003 and 2002, employed as a bank examiner with the Illinois Department of Financial and Professional Regulation. From 1997 to 2001, Vice President-Loans at First Midwest Bank.

Theodore Bertrand

Mr. Theodore A. Bertrand is an Independent Director of Northern States Financial Corporation. He is an Independent Contractor for RE/Max Showcase, a realty firm specializing in managing foreclosed properties. Mr. Bertrand is also one of the Company’s stockholders. Mr. Bertrand serves on the Company’s Compliance Committee. His knowledge and business experience in real estate and distressed properties provide important insight to the Board, since most of the Company’s loans are secured by real estate assets.

Jack Blumberg

Mr. Jack H. Blumberg is an Independent Director of Northern States Financial Corporation. He is the owner of Jack H. Blumberg Management Co., a real estate and investment company. He has executive leadership and proven business judgment.

Frank Furlan

Mr. Frank J. Furlan is an Independent Director of Northern States Financial Corporation. He is Owner and President of Northern Illinois Survey Co., a civil engineering consulting firm dealing with land development and municipal engineering services.

James Hollensteiner

Mr. James A. Hollensteiner is an Independent Director of Northern States Financial Corporation. He was former Chairman of the Board and President of First Federal Bank, a financial institution and having prior experience as a lobbyist for the financial industry, brings banking and insight to the Company.

P. Kuhl

Mr. P. David Kuhl serves as the Independent Director of Northern States Financial Corp. Mr. Kuhl recently retired from the First Financial Bank, N.A., Terre Haute, Indiana, where he had been the West Region President since 2012. Prior to that, Mr. Kuhl served as Chairman of the Board, President and Chief Executive Officer of Freestar Bank, N.A., in Champaign, Illinois from 2007 to 2011 until its sale to First Financial Bank in December 2011. From 2001 to 2006, Mr. Kuhl was the Chairman of the Board and CEO of the Busey Bank, Urbana, Illinois. He has been in the banking profession for 39 years. Mr. Kuhl also served as Director of the Federal Home Loan Bank of Chicago from March 2000 to December 2010 and was elected its Chairman of the Board and served from January 2007 to December 2010. Mr. Kuhl has been active with the Illinois Bankers Association and served as its Chairman from 2007 to 2008. In June 2011, Mr. Kuhl was named “Banker of the Year” by the Illinois Bankers Association.

Barbara Martin

Ms. Barbara J. Martin is an Independent Director of Northern States Financial Corporation. She is President and Chief Executive Officer, Vista Health System, a hospital group.

Raymond Mota

Mr. Raymond M. Mota is an Independent Director of Northern States Financial Corporation. He has owned Mota Construction Co., Inc, a general contracting firm, since 1977. Mr. Mota also serves the community on numerous not-for-profit boards, including the National Museum of Mexican Art.

Basic Compensation

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