Bank making large management changes

After 33 years of tenure at The Citizens State Bank, Fred Schrag, president and chief operating officer, announced his retirement, effective at the end of June.

In that time, he has served in a variety of roles, from loan officer and operations manager to his current position as president.

“I will always cherish my years of work at The Citizens State Bank,” Schrag said. “And I look forward to spending more time with my family as well as more opportunity to experience the variety of interests I enjoy.”

With Schrag’s retirement, Randy Tegethoff, who has been the bank’s chief financial officer and chief investment officer since 2008, will assume the position of president.

Tegethoff will be in charge of The Citizens State Bank in its entirety, including operations in Mound­ridge, Canton, Goessel, Hesston and Newton as well as those being conducted under the name Home State Bank in McPherson.

Tegethoff currently serves as the chief financial officer and chief investment officer and will retain those hats as he moves into his new role.

Tegethoff came to the bank following a 17-year career as a certified public ccountant in Newton. He is a 1991 graduate of Bethany College and a native of Washington. He resides in Newton with wife Syri and their three children, Sport, Libby and Lars.

“I appreciate the opportunity to continue the outstanding leadership set forth by Fred Schrag,” Tegethoff said. “As a bank, our commitment will always remain toward our customers.”

Meanwhile, Fay Hoppes will be promoted to the position of chief operations officer from her current role as vice president of operations. She will be in charge of bank operations, including policy and procedure development and implementation.

Josh Stucky will take on the responsibilities of the Moundridge market president.

He currently fills the role of vice president of ag lending. In his new position, he will serve as the primary source of contact for the Moundridge community as well as maintaining his ag lending responsibilities.

Stucky is a Moundridge native.