Range Bank News
March 2018
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
December 2017
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
October 2017
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
Range Bank currently manages over $723 million in assets and services customers through 12 offices located in Marquette, Dickinson and Houghton Counties and Green Bay, Wisconsin. As a full service bank with over 130 years in business, the bank services business, consumer and trust and investment customers. For more information, visit www.RangeBank.com.
September 2017
RANGE BANK ANNOUNCES LEADERSHIP TRANSITION
Roxanne M. Daust Will Succeed Longtime CEO Kenneth A. Palmer, Who Will Retire in 2018
For Immediate Release: Kenneth A. Palmer, the longtime chairman, president and CEO of Range Financial Corp. has announced he will retire on June 1, 2018. He will be succeeded by Roxanne M. Daust, who has served Range Bank in several leadership roles over the past two decades.
“Ken has served Range Bank exceptionally well since joining us in 1998,” said Dr. John F. Pillote, lead independent director. “His steady hand and conservative approach allowed us to weather the Great Recession much better than our competitors. In fact, we were one of the only banks in Michigan that continued to grow during the downturn.
“Ken understands the key role that community banks play in the financial health and long-term success of the communities where we live and work. On behalf of the entire board of directors, along with our shareholders and employees, we wish him all the best in his retirement.”
Palmer joined Range Financial, the holding company for Range Bank, as its chairman, president and CEO in 1999. He is the seventh president in the bank’s history since its founding in 1887. Key achievements under his leadership include:
Throughout his tenure with the bank, Palmer has served in numerous leadership roles in the community, including on the boards of Michigan Association of Community Bankers, Marinette and Menominee Hospital, Northern Michigan University Development Fund, Lake Superior Community Partnership and the Marquette County Ambassadors, among others. He is a past president of the Menominee Lions Club and a past chair of the Michigan Catholic Conference Pension Board.
Prior to joining Range Bank, Palmer held positions with First of America Bank and Associates Finance.
“It has been a privilege to lead Range Bank for nearly two decades,” Palmer said. “I am very proud of what my team and I have been able to accomplish for our stakeholders during this time.
“Roxanne has played a key role in Range Bank’s success. Her vision, expertise and track record make her a natural choice as my successor, and she has my full support, along with the support of the board.”
Daust joined Range Bank in 1997 as chief financial officer and senior vice president. In these roles, she was responsible for the finance and operations areas of corporate and the bank, leading Range Bank in identifying and implementing new technologies. Daust played a key role in the First National Bank merger, consolidating backroom functions to successfully merge the two banks into a single entity.

“Ken has done an exceptional job leading Range Bank, and it has been an honor working with him,” Daust said. “He embodies the true spirit of community banking, which always strives to put the community first.
“I am honored to be selected to succeed Ken. We have been a great team, and I look forward to continuing to build on our accomplishments well into the future.”
Active professionally and within the community, she serves on numerous boards and committees, including Teaching Family Homes, Operation Action U.P., UPPCO and Lake Superior Community Partnership, where she serves as treasurer. She is a past president of the Marquette Area Zonta Club and past Group 1 president of the Michigan Bankers Association. She also serves on the dean advisory council for Northern Michigan University’s School of Business.
Daust began her banking career with MFC First National Bank in Marquette. She also served as an auditor with Anderson, Tackman & Company CPA in Marquette.
A graduate of the University of Wisconsin-Madison Graduate School of Banking, Daust holds a Bachelor of Science degree in computer information systems and accounting from Northern Michigan University. She can be reached by phone at (906) 228-8043 or at the Range Bank headquarters located at 100 North Front Street in downtown Marquette.
More about Range Bank
June 2017
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank N.A., declared a quarterly cash dividend of $1.30 per share payable on June 15, 2017 to the shareholders of record on June 1, 2017. “This is the second cash dividend declared this year” said Kenneth Palmer, President. “We continue to be pleased with our financial performance and expect to continue on our path of outstanding financial performance during the second half of 2017.”
Range Bank currently manages over $720 million in assets and services customers through 13 offices located in Marquette, Dickinson and Houghton Counties and Green Bay, Wisconsin. As a full service bank with over 130 years in business, the bank services business, consumer and trust and investment customers. For more information, visit www.RangeBank.com.
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March 2017
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
Range Bank currently manages over $711 million in assets and services customers through 13 offices located in Marquette, Dickinson and Houghton Counties and Green Bay, Wisconsin. As a full service bank with over 130 years in business, the bank services business, consumer and trust and investment customers. For more information, visit www.RangeBank.com.
December 2016
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
September 2016
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For more information, visit www.RangeBank.com. About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $666 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well known financial institutions.
June 2016
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For more information, visit www.RangeBank.com. About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $656 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties as well as a loan services office in Green Bay, Wisconsin. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region's most stable and well known financial institutions.
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March 2016
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation, the holding company for Range Bank. N.A., declared a quarterly cash dividend of $1.30 per share payable on March 15, 2016 to the shareholders of record on March 1, 2016. “This is the first cash dividend declared this year,” said Kenneth Palmer, President. “We are pleased with our strong financial start to 2016 and we expect to continue on our path of outstanding financial performance throughout the year.”
For more information, visit www.RangeBank.com.
About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $653 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well known financial institutions.
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December 2015
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For more information, visit www.RangeBank.com.
About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $655 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region’s most stable and well known financial institutions.
September 2015
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For more information, visit www.RangeBank.com. About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $625 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the regions most stable and well known financial institutions.
June 2015
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For Immediate Release: Marquette, MI: Range Financial Corporation declared a quarterly cash dividend of $1.20 per share payable on June 15, 2015 to the shareholders of record on June 1, 2015. “This is the second cash dividend declared this year,” said Kenneth Palmer, President and CEO. “We are pleased with our strong financial start to 2015 and we expect to continue on our path of outstanding financial performance throughout the year.”
For more information, visit www.RangeBank.com.
About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $617 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region's most stable and well known financial institutions.
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March 2015
RANGE FINANCIAL CORPORATION DECLARES DIVIDEND
For more information, visit www.RangeBank.com. About Range Bank
Range Financial Corporation is the holding company that owns Range Bank which has over $624 million in assets under management and serves its customers through twelve offices in Marquette, Dickinson and Houghton Counties. Range Bank is a premier full-service bank and a leader in providing financial solutions to consumers, small businesses, and commercial clients. Helping individuals and families throughout the area, the Bank has grown into one of the region's most stable and well known financial institutions.