Michigan Bankers Association Announces New Board Chairman, Jeanne Richter, President & CFO of Farmers State Bank
The Michigan Bankers Association (MBA) has announced the election of Jeanne Richter, President and Chief Financial Officer of Farmers State Bank, as chairman of their Board of Directors.
“We are proud to support Jeanne in her work with the Michigan Bankers Association,” states Craig M. Goodlock, Chairman & CEO of Farmers State Bank. “Jeanne’s experience and understanding of the financial industry will greatly benefit the Michigan banking industry in this role as MBA Chair.” The Michigan Bankers Association has been the voice of the banking industry since 1887 and consists of Michigan financial institutions with more than 2,800 branches located throughout the state. The MBA promotes strong communities and economic activity in Michigan by advancing a positive business environment.
Ms. Richter joined Farmers State Bank in 2000 as Financial Officer progressing to Executive Vice President and Chief Financial Officer in 2002. In 2005 she was elected to the Bank’s Board of Directors and was named President in 2009. Jeanne began her banking career as an Examiner for the North Dakota Department of Banking after graduating from North Dakota State University.
“It is an honor and a privilege to step into the role of chair of Michigan Bankers Association,” said Richter. “I will strive to lead the MBA in the exemplary manner the men and women before me have. I look forward to visiting banks, learning
from bankers what the MBA can and should do, and working together to build a brighter future.”
Jeanne has been involved in a variety of positions in the financial industry outside of Farmers State Bank demonstrating her commitment to community banking including the MBA Internal Audit Committee and MBA Compliance Committee,
as well as the American Bankers Association (ABA) Government Relations Committee Advisory Council and the ABA Community Bankers Council.
Photo of Jeanne E. Richter
Richter completed a three-year term on the Michigan Department of Insurance and Financial Services (DIFS) Commissioner’s Bank Advisory Council (2012-2015). She was appointed by Governor Rick Snyder in 2011 to the Office of Regulatory Reinvention (ORR) Insurance and Finance Advisory Rules Committee which was responsible for producing advisory recommendations to the ORR for changes in Michigan’s existing regulatory climate. She has been active in Stockbridge Community Schools Homework Help, a program sponsored by the bank to assist students after school hours with homework and learning. Jeanne lives with her husband and teenaged son in Williamston.
About Farmers State Bank:
Farmers State Bank is a full-service, locally owned, community bank with offices in Munith, Stockbridge and Grass Lake, MI. The bank was founded in 1922 by a group of area farmers and remains committed to providing quality financial services to our local communities including a wide offering of online and mobile services. The bank is a member of Federal Deposit Insurance Company (Member FDIC) and is an Equal Housing Lender.
