Former Union Federal Bank of Indianapolis President and CEO Alvin “Kit” Stolen III has taken a position as vice president of consulting at Achievant LLC.
Stolen, 51, will work with senior managers of customer banks to train them on Achievant’s approach to best practices and how to use the software. Included with the position was an equity stake in the company.
Collina Ventures, the investment fund started by Baker Hill founder Mark Hill, has invested $2 million in Achievant.
Stolen’s last day with Union Federal was Jan. 31. He stayed with the bank after it finished merging operations with Sky Financial Group Inc. of
Before taking the Union Federal position in 2002, Stolen was president of Bank One in