Bob Regnier Joins the Board of Directors of Each of Hawthorn Bank and Hawthorn Bancshares, Inc. Underscoring Their Commitment to Community Banking

Rhea-AI Summary

Bob Regnier has joined the Board of Directors of Hawthorn Bank and its parent company Hawthorn Bancshares, Inc. (Nasdaq: HWBK) as an advisory member. This strategic move aims to enhance Hawthorn Bank's presence in the Kansas City metro area. Regnier, known for his expertise in community banking, will provide strategic advice and help expand the bank's relationships and influence.

CEO Brent Giles expressed enthusiasm about Regnier's addition, citing his extraordinary banking skills and community engagement. The collaboration builds on a long-standing professional relationship between Giles and Regnier, who both led successful community banks in the Kansas City area. This partnership aligns with Hawthorn Bank's recent expansion, including the opening of a new banking center in Clay County serving the Kansas City Northland.

Positive

• Addition of experienced community banker Bob Regnier to the Board of Directors
• Strategic expansion into the Kansas City metro area
• Opening of a new banking center in Clay County, Kansas City Northland

Negative

• None.

JEFFERSON CITY, Mo., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Bob Regnier will join the Board of Directors of each of Hawthorn Bank, and its parent company Hawthorn Bancshares, Inc., (Nasdaq: HWBK), as an advisory member.

In addition to his contributions on the boards, Regnier will have an active role in providing strategic advice and extending Hawthorn Bank’s reach, influence, and relationship-driven community banking model within the Kansas City metro. His experience and expertise will be instrumental in advocating for the bank, expanding partnerships and networks, and providing guidance to the leadership team.

“We’re thrilled to welcome Bob to our team,” said Brent Giles, CEO at Hawthorn Bank. “He’s an extraordinary community banker and human being. Kansas City has benefited in countless ways from his leadership and community engagement. We look forward to having his experience and vision as Hawthorn Bank continues to grow in the Kansas City metro.”

The two are joining forces after a long association Giles and Regnier have maintained, built on mutual respect as industry peers. The growth and success of BankLiberty in the Kansas City Northland during Giles’ nearly two decades of leadership closely mirrored the growth and success of Bank of Blue Valley in Johnson County under Regnier’s decades of leadership. Both reached agreements to sell the respective banks in 2019.

“Brent and I have similar philosophies and a shared commitment to ensuring community banking thrives,” said Regnier. “I’m happy to be joining the Hawthorn Bank team. The bank is on an exciting trajectory, and I’m glad to be a part of it.”

The addition of Regnier underscores Hawthorn Bank’s commitment to providing innovative banking solutions to the Kansas City region just as they have been doing in central Missouri for over 150 years.

Last month, Hawthorn Bank announced the opening of the newest banking center in Clay County serving the Kansas City Northland.

About Hawthorn Bancshares, Inc. and Hawthorn Bank

Hawthorn Bancshares, Inc. (NASDAQ: HWBK), a financial-bank holding company headquartered in Jefferson City, Missouri, is the parent company of Hawthorn Bank, a financial services company with several locations in Missouri communities, and nearly $2 billion in assets. The bank has been providing personal and business banking solutions for over 150 years. For more information about Hawthorn Bank, please visit www.hawthornbank.com.

Contact:
Hawthorn Bancshares, Inc.
Kristin Cable, Corporate Communications Manager
kcable@hawthornbank.com | 816-813-0214
Source: Hawthorn Bancshares, Inc.

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. Actual results may differ materially from those contemplated by the 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. These forward-looking statements are made as of the date of this communication, and the Company disclaims any obligation to update any forward-looking statement or to publicly announce the results of any revisions to any of the forward-looking statements included herein, except as required by law.

FAQ

Who is Bob Regnier and why is his appointment to Hawthorn Bank's board significant?

Bob Regnier is an experienced community banker joining Hawthorn Bank's board. His appointment is significant due to his expertise in community banking and his potential to help expand Hawthorn Bank's presence in the Kansas City metro area.

What role will Bob Regnier play in Hawthorn Bank (HWBK)?

Bob Regnier will serve as an advisory member on the Board of Directors for both Hawthorn Bank and Hawthorn Bancshares, Inc. He will provide strategic advice, help expand partnerships, and guide leadership to extend the bank's reach in the Kansas City metro area.

How does Bob Regnier's appointment align with Hawthorn Bank's (HWBK) growth strategy?

Regnier's appointment aligns with Hawthorn Bank's growth strategy by leveraging his experience to expand in the Kansas City metro area. This move follows the recent opening of a new banking center in Clay County, demonstrating the bank's commitment to growth in the region.

What is the relationship between Bob Regnier and Hawthorn Bank's CEO Brent Giles?

Bob Regnier and Brent Giles have a long-standing professional relationship built on mutual respect as industry peers. Both led successful community banks in different parts of the Kansas City area before selling their respective banks in 2019.