ANDERSON, Ind.–Lampco FCU has named a new president and CEO.
The $70-million Lampco Federal has selected Migual Patterson to lead the organization.
Patterson is a native of Anderson, Ind., and has more than 20 years of experience in financial services, most recently serving as a vice president with Community First Bank. He has also held positions in commercial lending with Salin Bank and was also vice president at BMO Harris specializing in commercial and agriculture relationships.
In addition, he has served as the finance, credit and cash manager at Teays River Investments, an agriculture private equity firm. He started his career with Citigroup as an assistant vice president in credit and middle market lending.
“The credit union is a local entity in our community,” said Rodney Chamberlain, board director at Lampco. “The opportunity for Migual being from Anderson, having family in Anderson, having ties in Anderson … knowing the people in the community and knowing what Anderson needs, that was the fit that was a big part of the decision.”
During the search process, Patterson said in a statement he quickly became excited by the opportunity to blend his financial experience with his passion for building relationships in the local business community.
‘Big Deal for Board’
“That was a big deal for the board, finding somebody who knew the community well,” Patterson said.
Patterson graduated from Purdue University with a Bachelor of Science in management/finance and a master’s in business administration.
Patterson has served locally as the treasurer for his church, chief financial officer for the Madison County Urban League, and as the CFO and a founding member of the Anderson City Wide Toy Giveaway.