Former IMA Wichita president Jeff Grace has moved to the banking business.
Grace, who resigned from the commercial insurance brokerage last December, has been named vice chairman of Andover State Bank.
The $81-million-asset bank announced Grace’s appointment in a news release on Friday.
Grace, who is the son-in-law of ASB chairman Kirk McConachie, has served on the bank’s board of directors for 10 years. His wife, Allison McConachie Grace, is the bank’s chief financial officer and has worked there for 17 years.
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Jeff Grace’s promotion to vice chairman is part of the bank’s leadership succession planning. That effort also has led to the promotion of Brian Chamberlin as CEO. Chamberlin joined the bank as president in 2010.
“It’s exciting to watch the next generation of our employees and our family step up,” McConachie said in the release.
The bank is more than 100 years old and operates offices at at 511 N. Andover Road in Andover and 1718 N. Webb in Wichita.