A $200 million community bank in Monmouth has a new president.
Brad Ray has been named the new president of Security Savings Bank in Monmouth, taking over for Stan Jenks, who will retire later in the year.
Jenks will stay on and serve as Chief Executive Officer of both Security Savings Bank of Monmouth as well as Security Bancorp MHC.
Ray has been working in banking in west-central Illinois for 28 years, working for Roseville State Bank, Monmouth Trust and Savings Bank, Midwest Bank of Western Illinois, and until recently, Rabo Bank.
In a release from the bank, Jenks says that Ray, “is a successful banker who brings a proven talent in lending to the bank.” Jenks adds, ” his knowledge of banking and its new horizons and his support of the vision and values of Security Savings Bank will enable him to lead the long-term success of Security Savings Bank.
Security Savings has locations in Monmouth and Stronghurst, Illinois, where they offer business, agricultural, mortgage, and consumer deposit and lending services.