4 join American Bank board


Share
Posted Online: Nov. 26, 2012, 6:20 pm
Comment on this story | Print this story | Email this story
American Bank and Trust Company has added four new members to its nine-member board. They are Rakesh Alla, Matthew Stern, JohnTimmer and Vernon Wegerer.

Mr. Alla is chief operating officer forthe Quad Cities Kidney Center Ltd. Heearned a bachelor of arts in economicsand finance from Washington University in St. Louis and a masters of business administration degree in corporate strategy and marketing from the University of Michigan BusinessSchool in Ann Arbor, Mich..

Mr. Stern is president and chief financial officer of SternBeverage Inc. in Milan and is involved in the recently opened Stern Center in Rock Island. He graduated from Rock Island HighSchool and has a bachelor of arts in finance from the University of Illinois and master's degrees in business administration and finance from the University of Pennsylvania Wharton School.

Mr. Timmer a certified public accountant and financial planner, is president of Timmer and Associates, CPA, PC, with offices in Rock Island and Davenport. He is a graduate of RockIsland High School and has a bachelor of science in finance from the University of Illinois at Urbana-Champaign.

Mr. Wegerer, who previously was on the bank board for 20 years, is a founding member of KJWW Engineering Consultants. He has a bachelor of science in electrical engineering fromKansas State University.

American Bank and Trust Company, N.A., is a $400 million, full-servicefinancial institution offering commercial and personal retail services;commercial, consumer and residential mortgage lending; and trust, insurance and investment solutions with nine retail locations and 19 ATMs in the Quad-Cities and northeastern Illinois.

For more information, visit ambankqc.com.





















Local events heading








  Today is Monday, May 20, the 140th day of 2013. There are 225 days left in the year.
1863 -- 150 years ago: A petition is being circulated asking the city council to order awell bored in Market Square. It would be a great accommodation to the public.
1888 -- 125 years ago: At 1 p.m. on May 18 the Mississippi River flooded its banks atRock Island and destroyed the warehouse of the Rock Island Lumber Co. and damagedRock Island Arsenal power plant. Total loss is estimated at $100,000.
1913 -- 100 years ago: Residents of Sough Rock Island Township are circulating apetition favoring the annexation of that area to the City of Rock Island.
1938 -- 75 years ago: A group of state members of the National Grandmothers Clubmeeting in Rock Island are making plans to petition for the observance of a NationalGrandmothers Day.
1963 -- 50 years ago: Deere and Co. reported today that its U.S. and Canadian sales forthe first half of the 1963 fiscal year set an all time record of $323,716.628.
1988 -- 25 years ago: William G. Lawrence, first administrative director, has retired fromPECO Enterprises, Inc. Prior to his service at PECO, Mr. Lawrence was the civilianpersonnel officer at the Rock Island Arsenal.






(More History)