Mi Bancorp in Bloomfield Hills Names New Chairman and CEO

Mi Bancorp Inc. and Mi BANK in Bloomfield Hills announced that Rob Farr has resigned as chairman and CEO to purse a new opportunity in Traverse City. He will be replaced by Matthew Agnone as chairman and Jenny Meier as CEO.
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Mi Bancorp Inc. and Mi BANK in Bloomfield Hills announced that Rob Farr has resigned as chairman and CEO to purse a new opportunity in Traverse City. He will be replaced by Matthew Agnone as chairman and Jenny Meier as CEO.

Farr was instrumental in the successful launch of Mi BANK in 2019, the first new bank in Michigan since 2007, and helped grow the institution in a challenging time. He plans to move to his primary residence to northern Michigan where he will continue his career. Meier’s appointment as president and CEO by the board is part of the company’s succession plan.

“I am grateful for this opportunity and look forward to working with the board on the next phase for Mi BANK,” says Meier. “Rob has been a mentor to me for many years, and I appreciate his valuable guidance during my career. We wish him the best on his next adventure.”

Tom Dorr will continue to serve as CFO and COO of the company and bank. As part of the transition, the board appointed Agnone as chairman of both the company and bank.

Matthew Agnone
Matthew Agnone

Agnone has been a director since the start of the bank and serves as the current chair of the audit committee. He is a CPA and currently the CFO of a local family office based in southeast Michigan.

“The board would like to thank Rob for all his efforts and dedicated service to the bank,” says Agnone. “We are excited to have Jenny lead Mi BANK and build on the progress we have made over the last four years. She has been a critical member of our executive management team and is an important part of the future success of the bank.”

Jenny Meier
Jenny Meier

Meier, who has been with Mi BANK since 2019 as one of the original employees and brings more than two decades of banking and leadership experience to the role. Prior to joining Mi BANK, she served as the district president of Bank of Ann Arbor’s Birmingham location and held the position as chief revenue officer for Bank of Birmingham until its merger with Bank of Ann Arbor.

Meier is a member of the board of directors for the Michigan Bankers Association and the current chairman of MBA Service Corp.