TierOne Corporation (NASDAQ:TONE) has announced the appointment of Michael Falbo as its Chairman and Chief Executive Officer. The appointment was effective as of January 28, 2010.
Falbo holds 37 years of banking career experience and has held many leadership positions throughout his career. He chaired for the Azteca America Bancorp and the Milwaukee Public Museum Board of Directors. He also served on the committees for the American Bankers Association, the Wisconsin Bankers Association, and the Federal Reserve Bank of Chicago. Falbo most recently served as Chairman of Associated Bank Community Development, LLC. At the age of 60, Falbo has a Bachelor of Science in Business and Accounting from the University of Wisconsin-Parkside and is an alumnus of the Graduate School of Banking at the University of Wisonsin-Madison.
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TierOne Corporation is the holding company for TierOne Bank (Bank). The Bank has two wholly owned subsidiaries, TMS Corporation of the Americas (TMS) and United Farm & Ranch Management, Inc. (UFARM). TMS is the holding company of TierOne Investments and Insurance, Inc. (doing business as TierOne Financial), a wholly owned subsidiary that administers the sale of securities and insurance products, and TierOne Reinsurance Company, a wholly owned subsidiary that reinsures credit life and disability insurance policies. UFARM provides agricultural customers with professional farm and ranch management and real estate brokerage services.
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