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Old Plank Trail Community Bank, N.A. Announces Timothy Lovell as Chief Executive Officer
Old Plank Trail Community Bank, N.A. Announces Timothy Lovell as Chief Executive Officer
Lovell succeeds current CEO and Founder Paul Slade and will lead the expansion of the bank’s retail presence, community banking team, CRE and commercial divisions.
Old Plank Trail Community Bank, N.A. has announced the planned transition of Timothy Lovell to CEO, succeeding current CEO and Founder Paul Slade. Effective January 18, 2023, Slade transitioned to an advisory role and will remain Chairman of the Board.
Lovell has been with Wintrust since 2019, joining Old Plank Trail from MB Financial to manage a middle market team and lead business development efforts in Chicago’s south suburbs before being promoted to President in April 2022. He shares that one of his many proud moments in his tenure with Wintrust was the way his team of lenders, portfolio managers, and client service professionals navigated the pandemic.
“COVID helped us to get to know our newly acquired client base quickly and was the catalyst to onboard new clients who were looking for swift and reliable assistance through PPP,” he said. “The team proved ourselves to new and existing clients, giving us a great opportunity to showcase our talents and the outstanding customer service we provide.”
Since joining Wintrust in 2006, Old Plank Trail has seen significant expansion through new retail locations across the south suburbs of Chicago into Dyer, Indiana. Lovell credits the personnel in its retail, community banking, business banking, commercial real estate, and middle market groups with the bank’s success and award-winning culture.
“First and foremost, our main goal is keeping the strong culture we have cultivated which has led to our success, and the success of our clients and customers,” said Lovell. “We are interested in organic branch expansion and welcome the opportunity to open or build a branch in communities that would be contiguous to our current network.” Lovell also noted that the bank will continue its commercial focus in Indiana, evidenced by the bank’s efforts to open an LPO (Loan Production Office) in Crown Point by early third quarter of 2023, followed by future retail expansion.
Tim received his BA in Finance in 2001 and Masters of Science in Finance in 2010 from Lewis University. Tim currently resides in Mokena with his wife, Eve, and three children, Lucas, Logan, and Lilly.
