MONROE, Mich., Nov. 9, 2007 (PRIME NEWSWIRE) -- John L. Skibski, Executive Vice President and Chief Financial Officer of Monroe Bank & Trust (MBT), was recently elected to the Board of Directors of the Federal Home Loan Bank of Indianapolis (FHLBI). The FHLBI serves the wholesale funding needs of insured deposit member institutions in Michigan and Indiana, and is one of twelve such government services agencies throughout the U.S. With over $40 billion in assets, they provide a variety of funding programs for home mortgages, and facilitate one of the largest affordable housing programs in the country. Skibski will serve a 3 year term on the 16 member body.
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Skibski, a 19 year veteran of the banking industry, joined MBT in 1994 and was previously employed by Security Bank of Monroe and Michigan Gas Utilities. He holds BBA and MBA degrees from the University of Toledo and the CMA and CFM certifications from the Institute of Management Accountants.
Active in the community of Monroe, Michigan, he works with a variety of local organizations, currently serving on the Finance Committees of St. Mary Catholic Central High School and the Monroe Golf & Country Club. He is also the President of the Board of Directors of the Monroe Family YMCA.
Doug Chaffin, President and CEO of MBT stated, "We are very proud of John's election to this prestigious position by his peers. He will provide strong guidance as a member of the FHLBI Board, which will prove to be an asset for Monroe Bank & Trust."
Skibski is married with 3 children.
About Monroe Bank & Trust Founded in 1858, MBT is one of the largest full service community banks in Southeast Michigan with more than $1.5 billion in assets. The bank offers a complete line of personal and business products and services, as well as complete credit options. MBT's Wealth Management Group is one of the area's largest with over $800 Million in assets under management.
With 26 offices, 38 ATMs, PhoneLink telephone banking and eLink online banking, MBT prides itself on an incomparable level of service and access for its customers. MBT is a wholly owned subsidiary of MBT Financial Corp (Nasdaq:MBTF), a single bank holding company headquartered in Monroe, Michigan. Visit MBT's web site at www.MBandT.com.
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