Northwestern Bank has a new president and CEO with the retirement of Harry Calcutt and the hiring of Daniel Terpsma.
The bank, which is headquartered in Traverse City and has branch offices peppered throughout the northern portion of the state, named Terpsma the new president and CEO following Calcutt's announcement in January that he was retiring. Additionally, the bank announced Terpsma has also been appointed to the board of directors.
Terpsma has more than 30 years of experience in the financial field, including more than two decades in community banking. He has previously been a regional bank president, among other high-level management positions with various financial institutions.
Writer: Sam Eggleston
Source: Northwestern Bank
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