Bob Cannedy appointed President of the First National Bank of Monterey

bob-cannedy-appointed-president-of-the-first-national-bank-of-monterey

The First National Bank of Monterey announces the appointment of Robert Cannedy as its next President.

Cannedy officially began his new leadership position on May 1. Over the past months Bob has been working directly with David McGowen the bank’s current President and CEO to provide a smooth transition into Bob’s new leadership position. McGowen has been a senior executive in the banking industry for over 40 years, the last thirty-one with The First National Bank of Monterey and in 2022 became the bank’s President and CEO after the passing of Allen Chesser.

McGowen will continue with the bank as the CEO throughout 2025 and will continue to serve as a bank board member, a position he has held for 13 years.

Mark Wamsley, Chair of the Board at The First National Bank of Monterey states, “I am delighted that Bob has accepted the position of President.Our bank’s origins began back in 1910 in Monterey, and over the decades our bank had leaders who have truly been servants to the counties and communities we serve, most specifically Pulaski, Marshall, Fulton, and Starke, and often beyond these counties as well. I would be remiss if I did not acknowledge my late father’slegacy at The First National Bank of Monterey, where for over 60 years he led the bank to unprecedented growth, including adding bank locations in Winamac, North Judson, and Culver.

“Our bank is truly fortunate to have someone of Bob’s character and background. Bob grew up in this area of Indiana, most specifically Rochester, IN and then he went on to Purdue University where he earned his bachelor’s degreein the School of Agriculture. Bob has had almost 30 years of experience in the financial industry, the last ten as a senior loan officer here at The First National Bank of Monterey. His knowledge base of our region’s business and consumer needs is second to none, and I know Bob and our entire team here at The First National Bank of Monterey will continue to provide our communities with the banking services they have grown to depend on. Bob and his wife Deb have been married 35 years and they have two adult children, daughter Jessica Riffle married to Kyle Riffle with two grandsons Drew and Myles, and son Luke Cannedy and fiancée Morgan Hash. Over his banking career Bob has also been involved in supporting many community associations, including being a past board member of Fulton County Chamber of Commerce, the Community Foundation, the United Way, the Area Planning Commission, the Extension Board, and the Public Defender Board. He is currently a Rochester City Council Member, the current Board Chair of the First Christian Church of Rochester, a member of the Fulton County Friends of the Park, a member of the Bizgrow loan Committee for Fulton County and is a member of the Winamac Kiwanis Club.”

Bob Cannedy comments on his new appointment at The First National Bank of Monterey, “I have been so fortunate to have had the opportunity to work and grow at such a respected bank. It was the bank I wanted to be associated with because it always had such an outstanding banking reputation in the area. I am truly blessed to have been mentored by such outstanding banking veterans…Clip Wamsley, and his sons George and Mark, and of course Steve Morrison, Allen Chesser and Dave McGowen. We have an outstanding team. Our departmentleaders and respective staffs are truly exceptional individuals who work hard at making sure our customers have the bestbanking services available to them, day in and day out…and I am honored to have the opportunity to help lead our bank into the future.”