Michael J. Pence has been named president of Bank of Springfield, (BOS) by the Spring Bancorp, Inc. board of directors. The former president, Michael McGlasson, retired at the end of 2018. Pence has also been appointed to the board of directors of BOS and Spring Bancorp, Inc.
Pence began his banking career in 1986 in the correspondent banking department with the original Illinois National Bank. He joined BOS in 1996 as senior vice president of sales and marketing. In 2005, he was promoted to executive vice president.
During Pence’s career with BOS, the bank has added 11 additional branches, expanded into the St. Louis Metro East, St. Louis County and Quincy markets and BOS assets have grown from $100 million to over one billion dollars.
Tom Marantz, BOS Chief Executive Officer and chairman of the board, expressed his confidence in Pence, “Mike has been a part of the senior management team that helped build BOS into a service and community focused bank. Mike’s transition to BOS president and appointment to the bank and holding company board is well deserved. I am confident his leadership of the next generation of staff will be extremely successful.”
Pence served on The Greater Springfield Chamber of Commerce Board as the board Chair in 2016 and was the Chamber’s Strategic Leadership Council Quantum Growth Partnership (Q5) board chair. He has also been involved with SPARC, the Springfield Public School Foundation, Prevent Child Abuse of Illinois, United Way and Central Illinois Customer Service Association.
BOS was founded in 1965 in Springfield and now serves nine communities with branch locations in Springfield, Chatham, Jacksonville, Quincy, Shiloh, Swansea, Glen Carbon and Staunton in Illinois and one branch in St. Louis, Missouri.