LEXINGTON, Ky. (Press Release) – Bank of the Bluegrass announced today Bill Allen, long-time bank President, will step into the role of CEO on September 1, 2021. Current CEO Mark R. Herren will maintain his position as Chairman of the Board. Additional leadership changes include Tom Greinke becoming bank President, a promotion from his role as SVP, Chief Lending Officer.
“I love this bank, and the people who make it what it is,” said Bill Allen, current President and incoming CEO. “I am humbled by this opportunity to carry on what Mark and others before him put in place, and that’s a culture of service and commitment to doing right by each customer.”
Bank of the Bluegrass was established in 1972 and has served Central Kentucky as one of the area’s only locally owned, independent community banks for nearly 50 years.
Herren, who has had a 33-year-long career with the bank, is a Lexington native. His father, Dr. Donald Herren, founded Southern Hills Methodist Church and served as the church’s minister for nearly 40 years. Mark Herren has held his father’s lifetime of service and selflessness as a model for how to operate Bank of the Bluegrass.
“Bank of the Bluegrass has built a legacy of service and lifelong relationships,” said Herren. “Bill Allen and Tom Greinke are the perfect people to carry on our mission and continue to lead the bank with our values and mission at the forefront. Between the two of them, they are certain to overcome any challenges this bank faces.”
The leadership changes have been part of the bank’s strategic plan for many years.
Herren will continue his involvement with the bank. He has served as the Chairman of the Board since 2000 and will remain active in that role. Allen, who joined the bank as President in 2004, has extensive experience in all areas of the bank, including branch management, wealth management, financial services, business development, deposit growth, marketing and human resources.
“Our local, community focus allows us to serve generations of families and businesses through the most important and exciting times in their lives,” said Allen. “From buying their first home, to passing their family-owned business on to the next generation, and everything in between, our team at Bank of the Bluegrass looks forward to walking with them through it all.”