PARIS, Ill. (WTWO/WAWV) — Jenelle Adams has been appointed as the new President of Prospect Bank, with former President Eric Volkmann assuming the role of Chairman and Chief Executive Officer after 22 years as President.
During his tenure, the company grew from a bank located in one county with $140 million in assets, to one that serves six counties with more than 100 employees. Prospect Bank said in his new role, he will focus on “high-level strategic initiatives, including industry and market monitoring, acquisitions, risk management, operational efficiency, and the overall health and well-being of Prospect Bank.”
In her new role, Jenelle Adams will bring 15 years of experience with Prospect Bank.
“Jenelle leads with purpose and authenticity,” said Eric Volkmann, Chairman and Chief Executive Officer. “She listens, inspires, and cultivates a culture of excellence and accountability. Employees trust her. As the Bank navigates complex regulatory and market environments, she articulates confidence and brings a deep understanding of what it takes to unify a diverse team around shared goals.”
As president, she plans to streamline decision-making to foster growth within the company. She will also focus on the bank’s strategic goal of reaching the $1 billion asset milestone.
“Looking at our executive leadership team, we wanted an individual who understands the external control environment, policies and procedures, and internal operations of the Bank,” said Steve Blair, Chairman of the Governance Committee. “Jenelle was the clear and logical choice.”
