Peninsula Bank names new President

Peninsula Bank has selected Kim Van Osdol to succeed Bill Stream as President of Peninsula Bank. Stream informed the board of his retirement plans earlier this year.

Van Osdol will assume his new duties as of July 2012. Stream will retire after an appropriate transition period and remain on the Peninsula Bank board of directors.

Board Chair John Jilbert said the search for Stream’s successor has been rigorous. “Van Osdol was chosen after a selection process that included internal and external candidates,” Jilbert said. “His strengths are a good fit for Peninsula Bank’s priorities as the bank moves forward in its 125th year.”

Van Osdol said, “I am really looking forward to joining the Peninsula Bank team. I am humbled, honored and excited to start. Lauri and I look forward to moving back home.”

Van Osdol started his banking career in Marquette County with Michigan Financial Corporation (MFC), and then was president of MFC First National Bank in Menominee for several years before relocating to Wisconsin. Since 2008, he has served as Senior Vice President of Business Services at Community First Federal Credit Union in Appleton. Van Osdol brings with him more than 30 years of experience in the banking industry. He holds a bachelor’s degree in business administration from Northern Michigan University and is a graduate of the Stonier Graduate School of Banking at Rutgers University in New Brunswick, New Jersey.

Bill Stream retires after a 33-year career with Peninsula Bank. He has served as president since 1990. During Stream’s tenure, the bank has more than tripled in size, adding four new branch locations. Under Stream’s leadership, the bank also introduced ATM machines, investment services and all the conveniences of internet banking.