Pictured: Travis Schroll (l) was officially appointed to be the next president of Beardstown Savings s.b. at the Jan. 20 board meeting, filling the position which Mike Murphy has held for over 25 years. Murphy will retire on March 31 and plans spend time on his life-long hobby— restoring old cars, specifically hot rods. He is currently working on what he referred to as “a keeper”, a 1927 Model T Roadster. Murphy is also looking forward to going to his vacation home at the Lake of the Ozarks to fish—his second favorite hobby. Photo by Marla Blair/ Star-Gazette

Mike Murphy retiring,
Travis Schroll named new president at Beardstown Savings s.b.

Board Chairman Mark Mulconrey announced at the annual meeting of Beardstown Savings s.b. that President/CEO Mike Murphy will be retiring as of March 31.

“President Murphy has guided the institute very effectively for over 25 years. During that time, he has lead our bank through a growth in assets, while maintaining a very safe and viable institution. We have expanded our presence through the purchase of two branches. Mike has served on both National and State Boards for the banking industry. His service and dedication will be missed.

“Travis Schroll will assume the duties of president of Beardstown Savings s.b. following Mike’s retirement. Travis comes to us with over 11 years of banking experience in the local area. We believe Travis will continue our 130-year tradition of a safe, friendly institution. ‘The area’s ‘Home Lending Experts’ is more than a slogan; it’s also what we believe in and has been well earned.”

President Murphy said, “I’ve enjoyed my time at Beardstown Savings and working in the community. With the national banking turmoil, it is an interesting time for a mutual institution that is owned by it’s depositors, but Travis is up to the challenge.”

Chairman Mulconrey announced the resignation of Director Kathy Trenter as of Dec. 31, 2009. “We will miss her interest, service and dedication to Beardstown Savings.” Travis Schroll will replace Trenter for the balance of her term. Directors re-elected were Ralph Sabetti and Mark Mulconrey.