JASPER – German American Bancorp, Inc. (Nasdaq: GABC) and its banking subsidiary, German American Bank, announce that Scott Powell has been appointed Executive Vice President and Chief Credit Officer, effective April 1, 2024.
Powell will succeed the current Executive Vice President and Chief Credit Officer, Keith A. Leinenbach, who is retiring. Leinenbach will retire after 24 years with the organization and over 40 years of broad-based banking industry experience. Keith has been a trusted steward of German American credit culture for decades and has provided exceptional executive leadership.
Neil Dauby, Chairman and CEO, states, “We wish Keith well in his retirement years and thank him for his dedicated leadership and service to our customers, employees, shareholders, and communities. Throughout his career with German American, Keith has played a critical role in strengthening the company’s credit culture as well as our culture of teamwork and collaboration. As an executive, he has been instrumental in growing our company both organically and through acquisitions and driving superior financial performance.”
Powell joined German American Bank by acquiring First Security Bank in 2018, where he served as an executive and Chief Credit officer. He currently serves in the role of Regional Credit Officer at German American. Scott brings vast credit administrative experience with nearly 34 years of commercial risk and banking experience at community and large national banks.
Dauby comments, “This transition of our Chief Credit Officer position is the company’s final step in the ongoing management succession planning the board has implemented for several years. We are excited to expand Scott’s leadership role within our organization. He consistently demonstrates the qualities defining German American culture with an unwavering commitment to our customers, employees, shareholders, and communities.”
Powell resides in Newburgh, Indiana. He earned his Bachelor of Science degree from McKendree University and his MBA from the University of Southern Indiana.
