News

 

September 2025

Range Bank Announces Leadership Transition

Longtime Chairman, President and CEO Roxanne Daust to Retire at the End of 2026, Chief Lending Officer and Community Bank President Jamey Markham to Succeed Her

 Marquette, Michigan, September 12, 2025 – After 28 years of exceptional leadership and service, President and CEO Roxanne Daust has announced plans to retire from Range Bank in December 2026 when she will be succeeded by Chief Lending Officer and Community Bank President Jamey Markham.

Daust joined Range Bank in 1997 as chief financial officer, where she was responsible for the finance and operations of the full-service community bank and leader in providing financial solutions to consumers, small businesses and commercial clients. During her tenure, Daust has led significant growth and expansion of the bank, implemented new technologies and played a key role in mergers, all of which have helped Range Bank become the bank of choice in the communities it serves.

In 2011, Daust was promoted to executive vice president, where she was responsible for the day-to-day operations of the bank and growing assets under management. Daust was promoted to president and chief operating officer in 2017 and took over the additional duties of chairman and CEO duties after Ken Palmer retired in 2018. Daust’s appointment made her the first female chairman, president and CEO in the 138-year history of Range Bank. She will continue in her current role until December 2026.

“It’s been a tremendous honor and privilege to serve as Range Bank’s chairman, president and CEO,” Daust said. “I am grateful to have worked alongside our incredible team, all of whom care deeply about providing exceptional customer service while creating a collegial work environment. I’m proud of all we’ve accomplished together in building strong communities, providing sound financial advice and fostering a strong organizational culture.

“I’m looking forward to my next chapter in retirement and can think of no one better than Jamey Markham to succeed me. Jamey truly lives Range Bank’s values and mission every day, and I am fully confident his remarkable experience and skills combined with his unwavering commitment to our team and our communities will help the bank reach new heights. I look forward to seeing continued success under his leadership.”

Some of Daust’s key accomplishments at Range Bank include:

• Working with a team of executive officers to grow Range Banks’ balance sheet assets from $68 million to $585 million and assets under management to over $1.1 billion.
• Playing a central role in the successful merger of First National Bank of Calumet-Lake Linden.
• Playing a key role in building Range Bank’s Trust & Wealth Management Department.
• Opening a full-service branch in Green Bay.
• Completing a $10 million private placement subordinated debt offering along with a tender offer to shareholders.
• Building a strong leadership team and developing Range Bank’s core values of respect, ownership, community, knowledge and strength.
• Winning the Marquette County Evergreen Award for supporting and mentoring women and girls in the community and helping them to reach their full potential as leaders. 

Active in the community and the banking industry, Daust currently serves on boards and councils for the American Bankers Association, InvestUP, Operation Action U.P., the Federal Reserve Bank of Minneapolis and Marquette County Ambassadors, among many others. She is the past board chair of the Michigan Bankers Association and past board president of Lake Superior Community Partnership.

To ensure a seamless transition, Daust will work with Markham until she officially retires in December 2026. The two have been working closely for the past 18 months to prepare for a successful transition. In his new role, Markham will lead the growing community bank, which is headquartered in Marquette and serves its customers through branch offices in Marquette, Dickinson, Houghton and Brown counties.

Markham began his career at Range Bank in 2002 as the Houghton branch manager, where he helped grow the market to a thriving branch that expanded to a second location. He then went on to become a mortgage loan officer and a commercial loan officer before transitioning to community bank president of the Copper Country in 2017 and chief lending officer in 2020. Markham has been a member of the Asset-Liability Committee for 20 years and serves on the advisory boards of the Green Bay and Dickinson branches.

Some of Markham’s key accomplishments at Range Bank include:

• Helping grow the Houghton market from $0 in assets to over $60 million in deposits and $136 million in loans under management.
• Playing a key role in growing the Copper Country region from $50 million in assets under management to over $186 million in assets.
• Managing growth of the commercial loan portfolio from $173 million to $270 million in Houghton, Marquette, Dickinson and Brown counties.
• Managing the Lending Department through two rounds of Paycheck Protection Program funding and assisting local business management through the COVID-19 pandemic.
• Hiring team members who continue to play key roles in Range Bank’s success.

“I am honored for the confidence of Roxanne and Range Bank’s board of directors for trusting me as the new president and CEO,” Markham said. “Since my first position with the bank over two decades ago, I’ve been passionate about getting to work with a great group of people to help our local communities grow and prosper. I look forward to this ongoing collaboration as we continue to be the bank of choice in the communities we serve, grow our brand, achieve our financial goals and increase shareholder value.

“Roxanne has been essential in helping us grow strong roots that will build a bright future. I’ve been grateful to walk beside her and learn from her as she approaches her well-deserved retirement.”

Outside of his roles within Range Bank, Markham is an advisory board member for Michigan Technological University’s Applied Portfolio Management Program and a board member and finance committee member for the Copper Shores Community Health Foundation (formerly known as the Portage Health Foundation). He is also a longtime volunteer coach for the Copper Country Junior Hockey Association.

Markham holds a bachelor of science degree in finance from Michigan Technological University. He is also a graduate of the Graduate School of Banking at the University of Wisconsin-Madison.