Meet Our Board of Directors

Report
As an experienced bank CEO with over 30 years in the industry Mr. Spitz has
an extensive range of experience that spans from community banking to
corporate commercial lending. He has worked for some of the nation’s largest
commercial banks including what is now U.S. Bank and what is now Chase. He
was also the president of a de novo effort aimed at the delivery of banking
services to low‐income consumers nationwide. In addition to his banking
industry experience Mr. Spitz has served as President and Chief Financial
Officer of an information technology firm and a television production company.
These experiences have afforded Mr. Spitz an in‐depth understanding of
computer and related systems technology and extensive experience in the
entrepreneurial formation and successful operation of start‐up companies.
Thomas Spitz
Founder & CEO
Settlers bank
He is active within his community and within the banking industry. In his
community, he serves or has served on the boards of THRIVE (Regional
Economic Development entity), the DeForest Area Community Foundation, the
DeForest Area Chamber of Commerce, and the DeForest Area Rotary Club and
is a member of the DeForest Area Economic Development Committee. In 2007,
Mr. Spitz was named Citizen of the Year by the DeForest Area Chamber of
Commerce. Within the banking industry, Mr. Spitz is a past director of the
Community Bankers of Wisconsin and served on its Executive Committee. He
also serves on the Department of Financial Institution’s Banking Review Board
as a gubernatorial appointee.
Mr. Spitz graduated from the University of Wisconsin ‐ Milwaukee with his B.S.
in Business Administration and with an M.B.A. from Marquette University.
Mr. Fink is an experienced bank Executive with over 27 years of industry
experience. He most recently worked as President of the Madison West District
of M&I Marshall & Ilsley Bank. Mr. Fink has an extensive commercial,
agricultural and private banking lending experience as well corporate
commercial lending and community banking. He has worked
for some of the nation’s largest commercial banks including M&I Marshall &
Ilsley Bank and what is now Chase Bank. Mr. Fink has a solid understanding of
best practices related to effective management of community banks and a
focused approach to building shareholder value. His broad background in
banking includes branch operations, management, data processing and
automated services sales and commercial credit underwriting and analysis.
David Fink
Founder & President
Settlers bank
In addition to his banking industry experience, Mr. Fink was also part of a
small group of investors that successfully started a title insurance company.
Mr. Fink is also an inventor and holds a patent on a product innovation within
the automotive sector.
Mr. Fink is a board member of the University of Wisconsin ‐ La Crosse Alumni
Association and is a member of its Finance Committee. He is a charter member
and two time president of the Middleton Area Sunrise Rotary Club. He is an
active member of the Shermalot Water Ski Team, serving as a driver and
director. He is also active in several other organizations in the Middleton area.
Mr. Fink graduated from the University of Wisconsin – La Crosse with a B.S. in
Finance and holds an M.B.A. from Edgewood College.
John Stoneman is President of Heartland Properties, Inc., which is
dedicated to providing quality, affordable multi-family housing
throughout Wisconsin and the upper Midwest. Heartland’s properties
are a mix of family and older adult, new construction and historic
rehabilitation properties, and primarily serve residents earning no
more than sixty percent of the median income for their
area. Heartland is keenly focused on the quality of its properties and
on the quality of life for the residents of its properties, and has won
numerous awards for quality and innovation.
John Stoneman
President
Heartland Properties
Mr. Stoneman is a Founding Director of SB Bancorp, Inc. and Settlers
bank. He is a long-time member of the Board of Directors and the
Executive Committee of EAGLE School of Madison, Inc., a private-nonprofit school serving the needs of gifted and talented children in the
Madison area, and is very interested in education and education
policy. He is also a Trustee of the Bethel Lutheran Church Endowment
Foundation, a member of its Investment Committee, and past
president of the Bethel Lutheran Church congregation. Mr. Stoneman
was raised on a dairy farm in the Madison area, and continues to
maintain an active interest in agriculture.
Mr. Stoneman received his undergraduate degree in mathematics and
computer science from Luther College in Decorah, Iowa, after which
he worked for IBM in various capacities, including as a systems
performance analyst and as a marketing representative. He left IBM
to return to graduate school, and received his M.B.A. and J.D. degrees
from the University of Wisconsin-Madison. Prior to joining Heartland,
Mr. Stoneman practiced law at the firm of DeWitt Ross & Stevens in
Madison, where he specialized in real estate and structured financial
transactions.
Laura L. Douglass has over 25 years of management experience of
increasing responsibility in the biopharmaceutical industry across multiple
disciplines including research & development and operations. In 1999,
Ms. Douglass founded and currently serves as President & CEO of Next
Generation Clinical Research, an international contract research
organization (CRO) providing clinical trial management services for
products in development including pharmaceuticals, biologics, medical
devices and diagnostics.
Laura L. Douglass
President & CEO
Next Generation
Clinical Research
Ms. Douglass served as an Organizer, and is a Founding Director of Sb
Bancorp, Inc. and Settlers bank. Her career includes positions as
Director of Clinical Affairs at Bone Care International (now Genzyme) and
Director of Clinical Research Operations at Hazleton Laboratories (now
Covance). She has served as board member and advisor for a variety of
organizations including biopharma companies, Land’s End Business
Outfitters, and the Oregon School District. In 2008 and 2010, she was
honored as a biotech entrepreneur by the national organization, Women
in Bio, and in 2008 received the Rising Star Award by the Wisconsin
Biotech and Medical Device Association. Her company, Next Generation
Clinical Research, was the recipient of the 2009 Dane County Small
Business Award.
Ms. Douglass holds a nursing degree from the University of New York
with additional training in pharmacology and business from the University
of Wisconsin. She also obtained certification in adult education from
University of Wisconsin-Milwaukee and is a licensed education provider of
the California Board of Registered Nursing.
In 1978, Eric Schwartz opened his first Upstairs Downstairs Deli on State
Street in Madison, Wisconsin. A number of other successful ventures in the
restaurant industry soon followed and led Mr. Schwartz into his first
commercial real estate purchase, a restaurant he bought in 1988. A true
entrepreneur, Mr. Schwartz discovered the challenges and rewards of real
estate ownership and management as he forged a new path for himself in the
competitive and evolving real estate market.
Eric Schwartz
CEO
Sara Investment
Real Estate, LLC
In 1997, Mr. Schwartz had a vision of a property company that would provide
a premium, responsive service to his expanding portfolio. Initially formed as
Sara Properties, LLC, the company's continual growth and expanded service
base gave way to Sara Investment Real Estate, LLC in 2002.
Mr. Schwartz brings an innovative and dedicated approach to maintaining a
diverse portfolio of commercial real estate properties. It is this innovation and
a dedication to integrity that has taken Sara Investment Real Estate
successfully into the realm of real estate investment and development. His skill
in creating opportunities has led to the completion of new retail, commercial
and industrial centers in Madison and surrounding communities. Guided by his
entrepreneurial spirit, Eric Schwartz has comfortably positioned Sara
Investment Real Estate with a select list of contractors, architects and
real estate professionals to establish an innovative team that provides the best
real estate solutions for each client's specific needs.
Marilyn Holt-Smith, CFA, is CEO and Senior Portfolio Manager at Holt-Smith
Advisors. Before starting Holt-Smith Advisors, Ms. Holt-Smith was a Vice
President and Portfolio Manager for Madison Investment Advisors, and an
Officer and Director of the Bascom Hill Funds.
Holt-Smith Advisors provides comprehensive investment management services
to individuals. Holt-Smith Advisors was named Top Gun of the Decade ending
2010, placing the firm in the top ten best performing firms in the country. This
was the 20th time Holt-Smith Advisors has been honored as a Top Gun by PSN
Informa.
Marilyn Holt-Smith,
CFA
Owner & Senior
Portfolio Manager
Holt-Smith Advisors
Ms. Holt-Smith served as an Organizer, and is a Founding Director of Sb
Bancorp, Inc. and Settlers bank. She is a founding member and past president
of the CFA Society of Madison which is affiliated with the CFA Institute. Marilyn
plays an active role on the Board of Visitors of UW-Colleges and UW Extension,
and the Advisory Boards of the Small Business Development Center of
Wisconsin (SBDC), the UWM School of Business, and UWM’s Investment
Management Certificate Program. She is a member of the Rotary Club of
Madison, Tempo Madison, and serves on the Tempo International Foundation
Board.
Ms. Holt-Smith has a B.A. and an M.B.A. from the University of WisconsinMilwaukee and is a Chartered Financial Analyst (CFA) charter holder.
Mark Weaver has served as CEO of Weaver Auto Parts since co-founding
the company in 1972. Over the past 40 years Mr. Weaver has grown the
company to include 17 locations with three machine shops and, in 1992,
opened an 18,000 square foot distribution center in Sauk City, Wisconsin
to house product distribution, operations and IT. This distribution center
has since expanded to 53,000 square feet. Weaver Auto Parts currently
provides employment opportunities for 145 people.
Mark Weaver
Founder & CEO
Weaver Auto Parts
Mr. Weaver served on the board of directors of the Wisconsin Auto Parts
Association for ten years, and is a past president. In addition to his auto
industry experience, Mr. Weaver has also developed multiple retail
properties throughout Southern Wisconsin. He is a graduate of Antigo
High School, and served in the United States Coast Guard for four years.

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