Range Bank Names Terry L. Jutila Senior Vice President & Chief Credit Officer

20-Jan-2010

Range Bank has named Terry L. Jutila, Senior Vice President and Chief Credit Officer.  Jutila will be responsible for Credit Administration of the Bank’s Commercial Loan portfolio and Business Development activities throughout the Upper Peninsula.  He will also be responsible for mentoring and training of Bank staff in the areas of Commercial Lending, Credit Analysis and Loan Processing.

Jutila, who joined Range Bank in 2001, has thirty years of experience as a Commercial Loan Officer and Business Banker.  A Newberry native, Jutila received a Bachelor of Science Degree in Finance from Northern Michigan University in 1981 and is a member of the Marquette Noon Kiwanis Club.

Range Bank, established in 1887 has over $243 million in assets.  In addition, the Bank manages approximately $145 million in sold commercial and mortgage loans plus business sweep accounts off-balance sheet, bringing total assets under management to over $385 million.  The Bank serves its customers through a network of thirteen offices located in Marquette, Dickinson and Houghton Counties.  A fourteenth office will be opened in the Summer of 2010, on N. Third Street in Marquette.

For more information:

Ken Palmer, Chairman
President and Chief Executive Officer
Range Financial Corporation
Phone: (906) 475-4151

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