Board of Directors
William J. Penney
President, CEO, & Chairman of the Board
Mr. Penney has been a commercial banker for over 45 years and is the Chairman, Chief Executive Officer and President of the Company and the Bank. He is a native Floridian and a 39-year resident of Vero Beach. He has served as Chief Lending Officer in four different banking institutions over the past 32 years. His specialty is providing commercial banking services to business owners and investors and assisting them to profitably grow their businesses. During his career he has helped develop many talented and successful bankers. Mr. Penney became the Executive Vice President and Chief Lending Officer of the Bank in March 2004. In February 2010 Mr. Penney was promoted to President and Chief Executive Officer. In November 2013 Mr. Penney was elected Chairman of the Board of Directors. Mr. Penney has been actively involved on several community and professional boards including the United Way of Indian River County, Alzheimer’s & Parkinson’s Association of Indian River County, Ocean Research & Conservation Association, the Indian River County Economic Development Council, and the Indian River County Chamber of Commerce. He is currently chairman of the Florida Bankers Association.
Wilton R. (Rusty) Banack
Mr. Banack is a lifetime resident of Vero Beach. He is a graduate of Vero Beach High School and Florida Southern College. He is President of Quality Caretaking of Indian River, Inc. and Owner/President of Quality Fruit Packers of Indian River, Inc. He serves as co-chair of the United Way Agribusiness Division and is on the board of directors of the Indian River Citrus League.
David S. Croom
Mr. Croom has been in the construction industry for more than 50 years. He founded Croom Construction in 1978 and served as its President until 2023, when the business was sold to Charles Croom. He still serves as a consultant to the firm. He has served as Chairman of the Vero Beach Planning and Zoning Board, President of the Kiwanis Club of Vero Beach, President of the 100 Club of Vero Beach, and Director of The John’s Island Club. He continues to serve on the Board of Trustees of St. Edwards School where he is the former Chairman of the Board. Mr. Croom received a BAA degree in Industrial Engineering from the University of Georgia and an MBA from the University of Miami.
Kevin J. Given
Mr. Given brings over 33 years of experience in the luxury resort and private club/real estate development management. He is a partner in the Quail Valley Golf & River Clubs and serves as the Chief Operating Officer. He is also a general partner in several real estate holdings and developments. He is a graduate of Concord University in Athens, West Virginia with a major in Hotel Management and Minor in Business Administration.
Erin K. Grall
Ms. Grall is a Vero Beach native. She is a shareholder at Grall Law Group and specializes in personal injury and wrongful death litigation. In 2016, Ms. Grall was elected to the Florida House of Representatives. Subsequently, in 2022, she was elected to the Florida Senate and currently represents District 29, which is comprised of Indian River, Glades, Highlands, Okeechobee, and St. Lucie counties. She is committed to community service and is active in many aspects of the Treasure Coast. She has served as President of the Indian River County Bar Association and spent many years serving on the county’s Children’s Services Advisory Committee. She is a past president of the Exchange Club of the Treasure Coast and in 2008 served as District Director on the state board. Ms. Grall led the Childcare Resources of Indian River Board as President for three years, served as President of the Junior League of Indian River and played an active role in leadership on the Board of the United Way of Indian River County. Ms. Grall graduated cum laude from Wake Forest University and earned her Juris Doctor at Marquette University.
Kenneth R. Lehman
Mr. Lehman is a private investor and former banking and securities attorney. Mr. Lehman has served as a director of several banks and bank holding companies, and within the last five years has served as a director of the following companies registered under Section 12 of the Exchange Act: Partners Bancorp (where he currently serves as a director), Village Bank & Trust Financial Corporation (from 2016 through May 2018), Four Oaks Fincorp (from 2014 through November 2017), and First Capital Bancorp, Inc. (from 2012 through January 2016). Mr. Lehman also currently serves as a director of Partners Bancorp’s wholly-owned subsidiaries The Bank of Delmarva and Virginia Partners Bank, Marine Bancorp of Florida and its wholly-owned subsidiary Marine Bank, BankFlorida Bancorp and its wholly-owned subsidiary BankFlorida, and Locality Bank.
Richard L. Lynch
Mr. Lynch is managing partner of the accounting firm Lynch, Johnson & Long, LLC, located in Fort Pierce. After graduating from Stetson University in 1981, Rick moved to the Treasure Coast area. In 1985, he started his own accounting practice which has evolved to the firm he now leads. Rick, with his wife Robbin, have two grown sons and two grandchildren. Throughout his professional career, Rick has been active with the local community. This includes 28 years of participation with Treasure Coast Hospice. He is currently the past chairman of the Treasure Coast Hospice Foundation. Rick previously served as a director of Harbor Community Bank and its holding company, HCBF Holding Company. He served as chairman of that bank’s audit committee. Rick also held similar board positions with Harbor Federal Savings Bank.
Mr. Richey President and CEO of Riverfront Packing Company in Vero Beach has served in many different capacities in the citrus/ agricultural industry, including Chairman of the Florida Citrus Commission, President of the Indian River Citrus League, Board member of the Florida Fruit and Vegetable Association and is currently serving as an appointed advisor to the U.S. Trade Representative and U.S. Secretary of Agriculture regarding international trade issues. Dan has served the community in multiple capacities in the recent past including Chairman of the Indian River County Planning and Zoning Commission, Chairman of the Board of Trustees of St. Edwards School and President of the 100 Club of Indian River County. For the past three years, Dan was named one of one of the Most Influential Floridians by Florida Trend magazine. He has previously served on the Board of Directors at Indian River National Bank, Gulfstream Business Bank and most recently CenterState Bank. Married to Audrey Knight Richey with three children and 8 grandchildren.
Mr. Roberts, a resident of St. Lucie County for over 60 years, has been involved in community banking since 1971. Most recently, he was president and Chief Operating Officer at Harbor Community Bank and regional president at CenterState Bank for Indian River, St. Lucie, Glades, Martin and Okeechobee and Highlands Counties. He is married to Susan Sample Kelly, a lifelong resident of St. Lucie County.
President/Chief Executive Officer/Chairman of the Board
Executive Vice President/Chief Financial Officer/Chief Operations Officer
Executive Vice President/Chief Credit Officer
Executive Vice President/Director of Client Experience
Senior Vice President/Director of Culture & Talent
Senior Vice President, Residential Lending Director
Senior Vice President/Loan Administration Manager
Senior Vice President/Commercial Banking Manager/SBA Lending Manager
Senior Vice President/Chief Compliance Officer
Vice President/Credit Administration
Cari A. Cahill
Vice President/Deposit Operations Manager
John E. Hewett
Vice President, Vero Beachside Bank Manager
Vice President/Sebastian Bank Manager
Vice President/Fort Pierce Bank Manager
Vice President/Vero US 1 Bank Manager
Assistant Vice President/Loan Servicing Manager
Assistant Vice President/Melbourne Bank Manager
Assistant Vice President / IT Officer/Information Security Manager