CIB Marine Bancshares expands board to 10 members, names Dennis Pollack

CIB Marine Bancshares, Inc. (OTCQX: CIBH) expanded its board of directors from nine to ten members and appointed Dennis Pollack to fill the newly created position, effective February 16. Pollack will also join the board of CIBM Bank, the company's wholly owned subsidiary.

Pollack will serve in the director class scheduled for re-election at the company's 2028 annual meeting of shareholders. The company announced its 2026 annual meeting will be held virtually on April 30, with directors Gina M. Cocking, Mark A. Elste, and Steven C. Palmitier standing for election.

Pollack brings board and executive management experience from roles at Sony Corporation of America, Connecticut Bank of Commerce, Savings Bank of Rockland County, and Paulson & Company. He has served on boards of several depository institutions, including TF Financial Corp., SI Financial Group, Prudential Bancorp, and Provident Bancorp.

"He brings extensive leadership experience within financial institutions and a deep understanding of the banking industry," said Mark Elste, chairman of CIB Marine, according to the company's statement.

CIB Marine Bancshares is the holding company for CIBM Bank, which operates nine banking offices and has mortgage loan officers in six states. The information was disclosed in a company press release.

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