American Bank of Rock Island was chartered under the state banking laws of Illinois in 1968. On July 2, 1998, American Bank & Trust Company was incorporated under Iowa state law. On September 5, 2002 American Bank & Trust Company, a subsidiary of AmBank Holdings, Inc., was chartered as a National Association bank under the laws of the United States. American Bank & Trust Company, N.A.’s head office is located at 4301 East 53rd Street, Davenport, Iowa 52807-3861.
Management of the Company and the Bank is led by a board of directors. As with any financial institution, the ultimate responsibility for enforcing bank policies and maintaining the financial health of the organization rests with the board of directors. The same locally-residing individuals presently serve on both the Company and Bank boards. The board members’ experience is well-rounded, with an emphasis in business management and development, and each of the directors understands community banking. The Company expects its directors to serve as a referral source of additional bank customers and business.
John D. Timmer serves as Chairman of the Bank and Holding Company. Mr. Timmer is a Certified Public Accountant and Certified Financial Planner, and is President of Timmer And Associates, CPA, PC (TAA), a full-service accounting and consulting firm with offices in Illinois and Iowa. His firm specializes in professional services for businesses and individuals including tax, audit, financial & tax planning, estate planning, business valuation, strategic business & succession planning, forensic accounting, payroll, and elder care. Prior to his role with TAA, Mr. Timmer held positions for a number of years with Big 4 accounting firm KPMG in Chicago with a focus on auditing services within the real estate and manufacturing industries. Mr. Timmer earned a Bachelor of Science in Finance from the University of Illinois Urbana-Champaign and is a licensed public accountant in Illinois and Iowa. Currently, Mr. Timmer serves as President of Oakwood Country Club. He has also served on the Boards of several non-profit organizations in the community including Friendship Manor and Tudi’s Tribe.
Jeffrey P. Rose has served as President and Chief Executive Officer and as a Director of the Bank and Holding Company since 2016. He brings over 30 years of banking and financial services industry experience and talent to the Bank – its customers, associates, and shareholders. Demonstrating the breadth of his skill set, Mr. Rose has served as a strategist, change agent and turnaround specialist, among others, in his various roles within the banking industry. He has previously served as President and Chief Executive Officer of numerous community financial institutions, including banks and a credit union. Prior to his roles in community banking, Mr. Rose held senior-level positions with money center institutions in California, Texas and Iowa including Wells Fargo Bank, J.P. Morgan Chase and U.S. Bank. His areas of practice comprised oil and gas, large corporate, middle market, leveraged finance, workouts and debtor-in-possession lending. Mr. Rose earned a Bachelor of Business Administration in Finance from the University of Iowa. He also attained a Master of Business Administration in Finance from the University of North Texas. He is active in banking industry advocacy at both state and federal levels. Mr. Rose has also served on several Boards or been involved in various community organizations including: UnityPoint Health-Trinity, Two Rivers YMCA, Renew Moline, Development Association of Rock Island and the Chamber of Commerce Regional Opportunities Council
V.R. Alla, MD serves as Vice Chairman of the Bank and Holding Company. Dr. Alla is a Nephrologist, who practiced in the Quad Cities for 37 years providing nephrology care for patients with chronic kidney disease. He founded the Quad City Kidney Center LTD in 1981 and served as president and CEO until 2017. He established 10 facilities with 130 employees to bring various types of dialysis treatments for chronic kidney disease patients in their communities. Dr. Alla made a difference in the care for patients with chronic kidney disease in the Quad Cities. V.R. Alla, MD completed his medical school in India and came to the USA in 1974. He finished his internship, residency, and nephrology fellowship at the University of Illinois Chicago. He came to the Quad Cities in 1980 to start his practice. V.R. Alla, MD held various leadership positions in both Trinity and Genesis Health Systems. He served on the board of governors in Iowa Health System 1996-1998, Trinity Health Foundation 2009-2015, President of Trinity Medical Staff 1995, president of Western Illinois Physician Association in 1988, and president of Rock Island County Medical Society in 1990. Dr. V.R. Alla received 2008 Donor of the Year Award by Trinity Health Foundation and 2017 Quad City Area Business Hall of Fame award by Junior Achievement.
Todd M. Anderson has served as a Director of the Bank since 2019. Mr. Anderson is the Vice President at East Moline Glass, a commercial glazing company that performs work throughout the United States. He is the third generation to be involved in the business, which has been under his family’s control for over 60 years. Mr. Anderson graduated from Illinois State University in 2001 with a bachelor’s of science degree in Construction Management. He has actively participated on numerous community committees and boards including the Western Illinois Quad Cities Planning and Advisory Committee, the Two Rivers YMCA Board of Directors, the Quad City Chamber of Commerce – Illinois Political Action Committee, and the Sherrard School Board.
Jim Maynard has served as a Director of the Bank and Holding Company since 2019. Mr. Maynard is an owner at Crawford Company, a family owned business, specializing in mechanical and electrical work, plumbing, and light and heavy metal manufacturing. The company also designs and fabricates custom brew tanks for the craft beer industry. Mr. Maynard served as chairman and trustee of a local joint apprentice training committee, chapter president and member of the Sheet Metal Air Conditioning Contractors Association, board member of Mechanical Contractors Association of America and a member of the Rock Island Kiwanis.Mr. Maynard graduated from St. Ambrose University with a bachelor’s degree in Business and a minor in Finance. Jim is a lifelong resident of the Quad Cities.
Steven R. Schroder has served as a Director of the Bank and Holding Company since 1995. Mr. Schroder is President of E.H. Schroder Insurance Agency, Inc., an independent insurance agency that has served the Quad Cities community for nearly 100 years. He has served as the past president of the Independent Insurance Agents of Rock Island County. Mr. Schroder remains active in various non-profit organizations including the Rock Island Kiwanis Club, where he also served as past president. He is a graduate of Black Hawk Jr. College. In addition, Mr. Schroder is an active member and Elder at South Park Presbyterian Church. Mr. Schroder’s father, Kermit Schroder, was a founding member of the Bank and one of its original directors.
Vernon M. Wegerer has served multiple terms as a Director of the Bank and Holding Company totaling 30 years. Mr. Wegerer is a founding member of KJWW Engineering Consultants (now IMEG Corp.), a U.S.-based engineering consulting firm specializing in high-performing building systems, infrastructure and construction-related services with 1,000 personnel across 30 locations worldwide. The firm is ranked among the Top 5 engineering companies in the U.S. based on revenue. Mr. Wegerer previously held various leadership roles with the firm including President and CEO. Prior to his role with KJWW, Mr. Wegerer served in the United States Air Force. Now retired, he continues to provide management oversight of construction projects for the Catholic Diocese of Peoria and Friendship Manor among others. Mr. Wegerer earned a Bachelor of Science in Electrical Engineering from Kansas State University and maintains a license as a Professional Engineer in Illinois and Iowa. Among his other achievements, he has been recognized with the American Consulting Engineer Council Fellow Award, Kansas State University Hall of Fame Award, and Outstanding Alumnus Award from Pratt Community College. Mr. Wegerer has also served on the Boards of numerous organizations including: Illinois Department of Public Health, Illinois Department of Transportation, Kansas State University Alumni Board, Western Illinois University’s School of Engineering, UnityPoint Health-Trinity and Friendship Manor.
Michele F. White has served as a Director of the Bank since 2018. Since 1994, Ms. White has held various leadership roles with Lee Enterprises, a U.S-based media company providing local news, information and advertising in primarily midsize markets across 21 states including 48 daily newspapers, digital products and content, and nearly 300 specialty publications. Currently, she serves as Chief Information Officer and Vice President of Information Technology where her duties and achievements include: oversight and responsibility for all areas of IT, technology integration management related to company acquisitions, centralization of key line of business applications and processes, and call/data center optimization. Prior to her role with Lee Enterprises, Ms. White served for more than 10 years as a systems engineer with IBM Corporation with responsibilities for technical sales and enterprise-wide implementation of mid-range computer systems across commercial clients. Ms. White earned a Bachelor of Science in Business Administration in Management Information Systems from the University of Illinois in Urbana-Champaign. She has also participated in various programs with Junior Achievement and served on several committees at St. Paul Lutheran Church in Davenport, IA.