Meet the New Head of Community Bank-Wheaton/Glen Ellyn

Last month, Glen Ellyn-based Community Bank-Wheaton/Glen Ellyn named Lombard native Donald H. Wilson—formerly president of Rockford’s Amcore Financial, Inc., which went under in April 2010—as its new president and CEO, Crain’s Chicago Business reports. 

According to the site, it is rare for an executive associated with a failed bank to return as head of a bank, but Wilson was largely exonerated by analysts for Amcore’s failing, with more blame going to CEO Kenneth Edge.

Community Bank-Wheaton/Glen Ellyn is recovering from near-failing last year and lost $2.6 million in the first half of 2013, but Wilson is hoping to lead a comeback through a focus on diversity over asset size, as well as ditching the bank’s old bad loans, the site said.

“Banking at the community bank level is hand-to-hand combat, and you've got to justify your existence every day,” Wilson told the site, saying that Community Bank would not fall into the same trap of overreliance on commercial real estate loans that doomed Amcore. “I think there are always opportunities in every area.” 

Read the full article at Crain’s Chicago Business.