Bank appoints president and CEO
A locally based bank has named its new leader.
Grand Rapids-based United Bank said last week it appointed Joe Manica as its new president and CEO, effective July 1.
He also was appointed to the roles of executive vice president and COO of United Bank Financial Corp., the parent of United Bank.
Joe Manica succeeds his father, Mike Manica, who retired at the end of June.
“United Bank is one of the finest banks in Michigan, and the opportunity to be its president and CEO is a true honor,” said Joe Manica. “We have an exceptionally talented team and will continue to serve West Michigan by offering customized solutions that meet the needs of our customers, while delivering unparalleled customer service.”
Art Johnson, chair of United Bank, said the institution is “fortunate” to have Joe stepping into the role.
“I believe we are well positioned for supporting economic development with our experience and commitment of serving the diverse needs of our communities,” Johnson said.
Joe Manica previously served as executive vice president and COO of United Bank.
He has spent most of his 17-year banking career working with West Michigan business leaders in the commercial loan division at United Bank.
During his time as COO, he also helped lead United Bank to record results.
Joe Manica earned a B.B.A. degree from the University of Michigan and an M.B.A. from the University of Notre Dame.
A spokeswoman for United Bank said the leadership change was part of a long-term succession plan. Mike Manica had served at the bank since 1980.
Upon his retirement, Mike Manica was appointed vice chair of the board of directors of United Bank and United Bank Financial Corp.
He also will continue serving as a member director on the board of the Federal Home Loan Bank of Indianapolis.
Founded in 1887, United Bank offers business and personal banking products.
It operates 12 locations throughout West Michigan, plus mortgage, wealth management and insurance divisions.
United Bank has more than $700 million in assets.