Dairy State Bank Announces Organizational Changes
The Dairy State Bank Board of Directors announces the appointment of Clark Yolitz as CEO
effective January 1, 2023.
Clark Yolitz has been with the bank for 24 years, serving as president of the Menomonie area market since 2012. With this change, Clark will share time between the bank’s Rice Lake and Menomonie locations. “I am honored to be selected as CEO and excited to lead our organization and team of extraordinary employees into the future,” stated Yolitz. Clark’s experience in the financial services industry extends back to 1989, when his career began as a lender.
This transition occurs as current CEO Mike Bock begins his path for a planned retirement at the end of 2023. While he remains with the bank, Bock will fill the role of chief financial officer and assist where needed to ensure a smooth CEO transition.
Mike Britton, president of the Rice Lake area market, will continue to lead the Rice Lake area assuming a more prominent role in day-to-day banking relationships and supporting our northern communities. Britton has been a lender with the organization for 21 years, serving as president in the Rice Lake area for the past four years. Mike has over 30 years of experience in the financial industry in which he held different leadership roles.
Stacy Medin, vice president and branch manager of the Bloomer office, was promoted to president of the Menomonie area market effective January 1, 2023. Medin joined the bank seven years ago with the opening of the new Bloomer location and has been an integral part of the development and growth of the Bloomer location. As Menomonie president, Stacy will share her time between the Menomonie and Bloomer locations and plans to maintain the relationships she has built in the Bloomer area.
“On behalf of the Dairy State Bank Board of Directors, I congratulate Clark, Mike, and Stacy on their new responsibilities. We are confident in the experience these individuals hold and that they, along with the rest of Dairy State Bank’s trusted staff, will take the organization forward and allow us to remain an independent, community bank,” said Jack Nelson, chair of Dairy State Bank’s Board of Directors. “We are grateful to Mike Bock for his 34 years of service to our organization. Dairy State Bank would not be the safe, sound, and secure bank it is without Mike’s leadership as President/CEO for the last 18 years. We are pleased that Mike will stay on with the bank for the next year to support this transition.”
With the organizational changes, Dairy State Bank welcomes Craig Oslund to the Bloomer office to assist with the lending needs of the community. Craig brings over 25 years of banking experience to the organization.