United Community Bank has announced key leadership transitions and market reorganizations for the Springfield area.
Steve Otten, who serves as the current Springfield market president, is transitioning to a mentorship role. He has been named UCB Ambassador, which will allow him to provide strategic guidance and leadership support while enjoying more time with his family, friends, and personal interests.
"Steve’s leadership has been pivotal to our growth," says Bob Narmont, chairman of the UCB Board. “His continued mentorship ensures we maintain our commitment to delivering leading financial services, and we celebrate his professional excellence and personal legacy."
The greater Springfield-area market and surrounding counties will be realigned
into two regions, each led by a newly promoted market president, beginning Aug. 1. Additionally, a new chief lending officer has been appointed.
Matt Seman, currently executive vice president, will be market president for north Sangamon, Logan and McLean counties. Seman has more than 15 years of combined service with Illini Bank and United Community Bank and more than 25 years as a financial professional. He holds a bachelor’s degree from Western Illinois University and is a graduate of the University of Wisconsin – Madison Graduate School of Banking.
Born and raised in Sherman, Seman is active in the community. He has served on the Williamsville-Sherman CUSD #15 Board of Education for 14 years, the last seven as president. He also serves as treasurer of the Springfield Home Builders Association. He is a past president and board member of Williamsville Junior Football and has coached many youth sports.
Todd Wood, currently executive vice president, will be market president for central Sangamon and Morgan counties. Todd joined UCB in 2008 and has served across all lines of business in his 17-year tenure with the bank.
Wood, a native of Chatham, is a graduate of University of Illinois Springfield with a bachelor's in business administration. He serves on the Illinois Real Estate Title Center executive board and budget/compensation committee, The Greater Springfield Chamber of Commerce’s Leadership Springfield Board, Springfield Ball Charter School Board, United Way of Central Illinois Vision Council, Panther Creek Country Club’s Finance and Golf Committees and is a member of the Capital Area Association of REALTORS Commercial Real Estate Network.
David Drennan, currently executive vice president, has been named chief lending officer. He has spent nearly 20 years with UCB and will oversee lending management including operations, compliance and profitability across all UCB markets.
A Springfield native, Drennan earned a bachelor's in business administration from Southern Illinois University Edwardsville, an MBA from Benedictine University at Springfield and Banking and Executive Leadership Certification from
Graduate School of Banking at University of Wisconsin – Madison.
He currently serves on the boards of LLCC Foundation and HSHS St. John’s
Hospital and is a member of HSHS System Finance Committee. In addition to his reading mentorship at Harvard Park Elementary School, Dave has also been a mentor and instructor with the Sangamon CEO Program and an adjunct instructor for Millikin University’s Organizational Leadership Program.
“These promotions reflect the exceptional talent within our organization and our vision for growth,” said Allen Schmale, president and CEO. “Matt, Todd, and David will lead with integrity and innovation, strengthening our commitment to our customers and our communities.”
United Community Bank, headquartered in Chatham, is an employee-owned regional bank holding company with roots dating back to 1907, when Farmer’s State Bank was established in Greenfield. Today, UCB has grown to more than $3.9 billion in assets and operates eight bank brands in 35 communities in central, west central and southwest central Illinois, northeast Missouri and southwest Florida.
