CornerBank said it has promoted commercial lender Jadd Munn to Wichita community bank president.
Munn replaces Roger Mericle, who left the Winfield-based bank.
CornerBank officials said Munn, a Derby native and Wichita State University graduate, is “a perfect match” for the position.
“He fits in well with our culture and has so many contacts in the commercial and industrial and medical (sectors),” said CornerBank chief executive Bruce Schwyhart. “He’s brought good business to us and certainly earned the promotion to community bank president.”
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Schwyhart said that since Munn’s hiring more than a year ago as senior vice president of commercial lending, he has helped grow the bank’s commercial loan business.
“Our (commercial loan) portfolio has grown up there (in Wichita) probably a little over 30 percent this year,” Schwyhart said, adding that the bank’s commercial loan portfolio totals more than $50 million.
Munn’s nearly 15-year banking career has included commercial lending positions at Bank SNB and Wink Hartman’s Vintage Bank. He also has worked for Commerce Bank and the former Prairie State Bank.
Schwyhart said the bank is planning to fill the commercial lending position that Munn vacated.
“We’ve had such good loan growth in Wichita,” he said. “The (Wichita) market has been such a good market.”
CornerBank entered Wichita in 2003 with the opening of a loan production office. It moved to a larger space in 2007 at 12828 E. 13th St., where it also offers deposit and trust services.
It has $285 million in assets and also operates branches in Arkansas City, Douglass, Lawrence, Oxford, Wellington and Winfield.