Aug 19 - BNCCORP Inc. (OTC Markets: BNCC) has announced that the company's board of directors has named Timothy J. Franz to the position of president and CEO on a permanent basis. Franz had been serving in that role on an interim basis since July 24, 2013, following the untimely passing of BNC co-founder, President and CEO Gregory K. Cleveland.
Tracy J. Scott, chairman of the BNCCORP board of directors, commented, "Tim Franz is a highly experienced and able executive. Furthermore, as an officer of BNCCORP and BNC Bank for the past seven years, he is deeply immersed in the culture of integrity, community engagement, customer service and financial stewardship that are the hallmarks of our business approach. We are fortunate to be able to draw upon Tim's leadership going forward."
Franz stated, "I consider it an honor to be associated with a group of talented, capable people who consistently demonstrate exceptional professionalism and dedication, and who have helped BNC to thrive. Following in Greg Cleveland's footsteps will be a humbling experience, and I want to thank the board and the entire BNC team in advance for their guidance and assistance along this path."
Prior to being named president and CEO, Franz, 55, had served as chief financial officer of BNCCORP Inc. and BNC National Bank since 2006. A Certified Public Accountant (Inactive), he began his professional career at KPMG LLP in 1983 and was a partner at KPMG from 1997 to 2003. During his tenure at KPMG, Franz focused on the financial services industry and served Wells Fargo, TCF Bank and several community banks. Franz has served on BNC National Bank's board of directors since 2006 and on BNCCORP, Inc.'s board of directors since 2013. He also has been active in several of BNC's operating committees since joining the company.
About BNCCORP Inc.
BNCCORP Inc., headquartered in Bismarck, N.D., is a registered bank holding company dedicated to providing banking and wealth management services to businesses and consumers in its local markets. The company operates community banking and wealth management businesses in Arizona, Minnesota and North Dakota from 14 locations. BNC also conducts mortgage banking from 11 offices in Illinois, Kansas, Nebraska, Minnesota, Arizona and North Dakota.