Range Bank changing leadership


MARQUETTE — Kenneth Palmer, longtime chairman, president and CEO of Range Financial Corp., recently announced his retirement, effective June 1, 2018. He will be succeeded by Roxanne Daust, who has served Range Bank in several leadership roles over the past two decades, according to a press release from the company.

“It has been a privilege to lead Range Bank for nearly two decades,” Palmer said in the release. “I am very proud of what my team and I have been able to accomplish for our stakeholders during this time. Roxanne has played a key role in Range Bank’s success. Her vision, expertise and track record make her a natural choice as my successor, and she has my full support, along with the support of the board.”

The Range Financial Board of Directors unanimously selected Daust, who recently served as executive vice president, to take over new roles of president and chief operation officer, effective Sept. 1, working with Palmer until his retirement to assure a smooth transition, the release states.

“I am honored to be selected to succeed Ken,” Daust said in the release. “We have been a great team, and I look forward to continuing to build on our accomplishments well into the future.”

Palmer joined Range Financial in 1999. He is the seventh president in the bank’s history since its founding in 1887.