February 3, 2022

Bankers’ Bank announces an executive promotion and the addition of two new team members

Bankers’ Bank, a leading correspondent bank for community banks located in Wisconsin, Illinois, Iowa, Indiana, Michigan and Ohio, announces a promotion and two new team members.  

Tom Underkofler – Bankers’ Bank recently appointed Tom Underkofler as Senior Vice President and Chief Investment Officer. In this new role, he is responsible for leading and growing the Investments division. Tom joined Bankers’ Bank in 1996 in the investment department and spent over 15 years in that area. Tom is excited to return full circle to Investments and to lead new initiatives for the department. In his time with the bank, he has led several teams including, Investments, Finance, Wealth Management and most recently, Technology and Analytics.  He holds an MBA from the University of Wisconsin Madison and has completed the Graduate School of Banking.

David Murray, CFA – Bankers’ Bank welcomes David Murray as Senior Vice President, Investment Director. In his new role, Dave is responsible for helping community banks manage their investment portfolios. Over his 24 year career-span, Dave has held roles in financial future sales, global derivative products, and institutional equity sales. Most recently, Dave spent more than 8 years as an SVP, Sales Trader, Hedging and Loan Solutions at Pacific Coast Bankers’ Bank. He is looking forward to continuing to serve community banks in his new role. In addition to being a Chartered Financial Analyst, Dave is a graduate of the University of Illinois at Champaign-Urbana where he received his MBA and holds a Bachelors of Finance degree from Benedictine University.

Ed Borchert – Bankers’ Bank is excited to welcome Ed Borchert as Senior Vice President, Chief Credit Officer, Commercial Banking. In his new role, Ed will be responsible for leading the credit administration and commercial loan operations areas of the bank. Ed has 29 years of experience in the financial services industry, with a vast majority of his career in community banking in Iowa, Wisconsin and Illinois. Prior to joining Bankers’ Bank, Ed was a SVP, Credit Officer with a Midwest bank holding company. Throughout his career, Ed has been involved in leading credit underwriting and portfolio management activities for commercial and agricultural lending. Ed holds a MBA from the University of Iowa and a Bachelors of Accounting & Management from Loras College. He is excited to join a growing organization that focuses on supporting community banks.

Bankers’ Bank CEO, Brad Stamper expressed excitement in the recent promotion and new additions, saying “Tom is an asset to the Bankers’ Bank team and his promotion reflects his accomplishments at the bank and for the bank’s customers. The addition of David and Ed to the team provide the bank with more experience and knowledge to help better support our internal teams and our community bank partners. I’m thrilled to have them at Bankers’ Bank. ”


About Bankers’ Bank – For more than 40 years, Bankers’ Bank has created an elite product suite customized to meet your needs, keeping your bank competitive and thriving in your community; allowing you to focus on what matters most, building meaningful relationships and growing your community. As the leading provider of financial products and services for over 600 community banks, our only focus is on helping you succeed. Learn about the benefits of partnering with Bankers’ Bank by visiting, BankersBank.com.