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Bank of Ann Arbor Adds Spencer as Chief Innovation & Information Officer

November 11, 2019, 07:20 AM

Bank of Ann Arbor welcomed Rich Spencer to its team. Serving as Senior Vice President and Chief Innovation & Information Officer, Spencer comes to Bank of Ann Arbor with an extensive background in operations and information technology.

With nearly 15 years of experience, he most recently served as the Chief Innovation and Information Officer at another banking institution, where he was responsible for IT transformation, enterprise risk management, vendor management, cybersecurity prevention, and strategic planning.

Rich comes to Bank of Ann Arbor as an experienced leader, knowledgeable in technology and innovation, with strong inter-personal skills.

“I am honored to be joining such a successful and high performing institution. The incredible people and engaging culture helped solidify my decision to make this move,” said Spencer. “I look forward to working alongside the knowledgeable and tenured staff at Bank of Ann Arbor to create and emphasize technology initiatives that will transform the way we work and the way our customers bank.”

He is a graduate of Michigan State University with a BA in telecommunications. He obtained his MBA from University of Toledo and completed the University of Wisconsin Graduate School of Banking program in 2013.

“Welcoming Rich to the team is an excellent way to round out 2019,” said Tim Marshall, President & CEO of Bank of Ann Arbor. “Rich has displayed a strategic and collaborative leadership approach that can help us innovate our technology, products, operations and customer outreach. Currently, cybersecurity is also of the utmost importance and he has proven his expertise in this field as well.”

Bank of Ann Arbor is a locally owned and operated bank with total assets and assets under management of over $3.2 billion, serving people and businesses. UniFi Equipment Finance, a wholly owned subsidiary of the bank and headquartered in Ann Arbor, MI, is a well-established company with a national presence in the small ticket vendor space. UniFi has funded more than 85,000 transactions, totaling over $1 billion.

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