Isabella Bank Corporation announced that Gerald J. Ritzert, CPA, will serve as its Chief Financial Officer, effective January 5, 2026. Ritzert brings more than 30 years of financial leadership experience, including senior roles at regional banks and investment firms, and will oversee the bank’s treasury, risk management, and financial reporting functions.
The appointment follows the termination of former CFO William M. Schaefer on August 28, 2025, after which Neil McDonnell served as interim CFO. Schaefer’s departure was part of a broader leadership transition that the bank has been managing as it continues to grow its community‑banking footprint.
Isabella Bank’s recent financial performance underscores the strategic importance of the new CFO. In Q2 2025 the bank reported a 43% increase in net income, a 9% expansion in loans, and an 11% rise in deposits, with a net interest margin of 3.14%. The prior quarter, Q4 2024, saw a net interest margin of 2.99%, up from 2.83% in Q4 2023, driven by higher loan yields and disciplined cost management.
The bank has expanded organically and through acquisitions since 2008, opening new offices—including a recent location in Bay City—to deepen its presence across eight Mid‑Michigan counties. This growth strategy has been supported by a focus on personalized service and community involvement, positioning Isabella Bank as a leading regional lender.
President and CEO Jerome Schwind expressed enthusiasm about Ritzert’s appointment, stating, “We are excited to welcome Jerry to our leadership team. His extensive banking experience and proven ability to drive financial performance and strategic growth will be invaluable as we continue to strengthen Isabella Bank’s position in the marketplace.”
Ritzert’s expertise in asset‑liability management, capital planning, and regulatory compliance is expected to reinforce the bank’s capital adequacy and enhance its ability to navigate evolving regulatory requirements. His relocation to Mount Pleasant signals a commitment to a direct leadership presence within the bank’s operational heartland, positioning the organization to capitalize on its expansion initiatives while maintaining robust risk oversight.
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