Napoleon State Bank Announces Pres./CEO Retirement; Next Leader Named

Joseph Moorman will succeed Mark Comer as the president and CEO of Napoleon State Bank in 2020.

Napoleon State Bank president/CEO in-waiting Joseph Moorman (left) and current president/CEO Mark Comer. Photo provided.

(Napoleon, Ind.) - The president and chief executive officer of Napoleon State Bank is retiring, an announcement accompanied by the naming of the bank’s next leader.

Mark Comer will retire as Napoleon State Bank’s president and CEO on January 31, 2020. The bank founded in 1903 operates six branches with 84 employees in Napoleon, Holton, Osgood, Greensburg and Westport.

Comer started with Napoleon State Bank as a branch manager at the Holton branch in 1978. He became a member of the board of directors in 1990 and was promoted to chief executive in 2016 following Leslie Kessens' retirement.

“I began my professional career with The Napoleon State Bank in 1978, and I am proud to have been a part of the Company’s growth, including two new branches in 2019,” Comer said in a news release announcing his planned retirement. “I have seen the bank grow from $15 million to $267 million in assets. However, I treasure most the relationships with customers, stockholders, and employees that I have been able to develop over the years.”

Comer said the local bank’s dedicated employees and management team have put it on a solid footing and he is confident that the company is well positioned for its next phase under the leadership and guidance of the new CEO.

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The new CEO is Joseph Moorman, who is currently Napoleon State Bank’s executive vice president of the lending division.

A South Decatur High School and Purdue University graduate, Moorman has been employed with the bank since 1984 in positions including lender, branch manager, board secretary, and others. He graduated from the Wisconsin Banking School in 2008.

“It is an honor to be named President/CEO of The Napoleon State Bank. I am looking forward to serving our customers, stockholders, and employees in this new role. I am very excited about the future of The Napoleon State Bank and the communities it serves,” stated Moorman.

According to the news release, Moorman has served as the President of the Decatur County United Fund and currently serves on the Decatur County Water Board. He and wife Valorie are members of Immaculate Conception Catholic Church. They have two children and two grandchildren.