Erick Scharer was recently promoted by GenoaBank to Chief Financial Officer. (Submitted photo)

GENOA – GenoaBank, a locally owned, independent, community bank, is pleased to announce the promotion of Erick Scharer to Chief Financial Officer (CFO).

In his new role, Erick Scharer will oversee all financial operations of the bank, including financial reporting, accounting, budgeting, and long-term financial strategy. His leadership will play a critical role in supporting GenoaBank’s continued growth, operational strength, and commitment to delivering value to customers and shareholders.

Scharer has been a dedicated member of the GenoaBank team for several years, most recently serving as Vice President, Chief Accounting Officer, and Facilities Manager. He has demonstrated strong financial expertise, disciplined decision-making, and a deep understanding of the organization’s strategic priorities.

“Erick Scharer has been an integral part of our leadership team and has consistently demonstrated the ability to guide our financial direction with discipline and integrity,” said Martin P. Sutter, Chairman, President, and Chief Executive Officer of GenoaBank. “His leadership, combined with his commitment to our community banking mission, positions us well for continued success.”

Throughout his career at GenoaBank, Scharer has contributed to strengthening the bank’s financial foundation, enhancing internal processes, and supporting sustainable growth initiatives aligned with shareholder value and long-term performance.

“I am honored to serve as Chief Financial Officer and continue working alongside such a dedicated and talented team,” Scharer said. “GenoaBank has a strong tradition of community-focused banking, and I look forward to building upon that legacy while supporting our financial strength and future growth.”

GenoaBank remains committed to strategic growth, sound financial management, and delivering personalized service to the communities it serves across Northwest Ohio.

Scharer is a graduate of Northwood High School and earned his Bachelor of Business Administration in Finance from the University of Toledo, followed by a Master’s degree in Finance from Tiffin University. Outside of his professional responsibilities, he enjoys spending time with his family and playing golf with friends and colleagues.

About GenoaBank

GenoaBank, founded in 1902, is now in its second century of providing a broad range of banking services to business and private customers in Lucas, Wood, Ottawa, and Sandusky Counties.

The bank has assets of $750 million and operates branch offices in Genoa, Elmore, Fremont, Maumee, Millbury, Oregon, Port Clinton, Rossford, Sylvania, and Downtown Toledo, Ohio.