The leadership at St. Could-based Stearns Bank is changing hands—but keeping it in the family. Kelly Skalicky will be replacing her farther, Norm Skalicky, as chief executive officer of Stearns Bank, the bank announced Monday.
Norm Skalicky has led Stearns Bank since 1964, and Kelly has long been involved with her father’s occupation. As a child, Kelly would accompany her father on Saturdays at the office and use his stationary to “play banker.” Years later, Kelly would graduate from law school and came to join Stearns Bank’s legal counsel.
She officially joined the bank full-time seven years ago as a member of its board of directors and as general counsel. Her promotion to president of Stearns Bank came just a year ago.
“It is a privilege to take on this new role,” said Kelly Skalicky. “I’m humbled to accept this leadership position in our family’s company that has been instrumental in my life and the foundation of my entrepreneurial drive.”
Founded in 1912, Stearns Bank today has eight locations, roughly 400 employees, and more than $2 billion in assets. The bank has a handful of big plans on the horizon, including the expansion of its customized financing offers and a new suite of digital products aimed at businesses that will improve money and cash flow management.
As Kelly takes on these initiatives, her father Norm Skalicky will remain with the bank as the chairman of its board.
“I have full confidence in Kelly’s ability to lead Stearns Bank,” said Norm Skalicky. “Passing the torch to my daughter is personally so rewarding for me and a natural progression for both Kelly and the business. As a father, it has been my greatest pleasure to watch Kelly grow into the leader she is now. I speak for myself and for everyone at Stearns Bank when I say, she can certainly get the job done.”