Former Union Federal exec joins Salin Bank

August 14, 2008

Alvin T. "Kit" Stolen III has joined Salin Bank & Trust Co. as president and chief operating officer.

Stolen, 52, was president and CEO of Union Federal Bank in Indianapolis until January 2007, when the bank's transition to new ownership under Sky Financial Group Inc. of Bowling Green, Ohio, was complete. Sky was acquired in December 2006 by Columbus, Ohio-based Huntington Banchares Inc. before the transition from Union Federal to Sky was completed.

After leaving Sky, Stolen joined Achievant LLC as vice president of consulting. Achievant is a startup that sells consulting services and software to help financial institutions with human resource issues ranging from recruiting to leadership development.

During his stint at Achievant, Stolen was interim CEO and interim chief financial officer at Rehabilitation Hospital of Indiana. He is now the chairman of the hospital board.

Indianapolis-based Salin has $800 million in assets and operates in 10 Indiana counties.

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