Chelsea State Bank Announces Board, Bank Appointments

The Board of Directors of CSB Bancorp and Chelsea State Bank recently announced the election of Chelsea State Bank President Joanne Rau to the Boards, and the reelection of Directors William B. Holmes, Vice President, Chelsea Milling Company and David M. Schaible, Retired President, Chelsea State Bank.

The Board of Directors of Chelsea State Bank also announced the promotions of Jessica M. Stubbs to Senior Vice President, Matthew Noggle to Assistant Vice President, Teresa Beegle to Compliance Officer and Stuart Mann to Commercial Loan Officer.

“I am very pleased to announce that Joanne has joined our Boards, and Bill and Dave are reelected for another three-year term,” stated Chelsea State Bank Chief Executive Officer John Mann. “I am equally pleased to announce our Bank promotions. We are fortunate to have these leaders in our Bank to drive excellent customer service with our commercial and agricultural loans as well as our overall operations. As the local community bank, our focus is always to take care of the individuals, families, farmers and businesses in our communities, especially during these uncertain times. I am proud to say our teams excel in meeting our customer and community needs.”

Joanne Rau

President Joanne Rau is elected to the Board of Directors of CSB Bancorp and Chelsea State Bank. Rau joined Chelsea State Bank as President in 2019 with 19 years of distinguished banking experience. Prior to joining Chelsea State Bank, Rau spent the last 15 years moving into executive positions at Fifth Third Bank (Cincinnati, Ohio) and most recently as Senior Vice President and Business Banking Executive.

Rau received her Bachelor of Business Administration from Eastern Michigan University. She is currently an Executive Committee Member of Ann Arbor SPARK, previous Power of the Purse Chair for United Way of Washtenaw, and previous board member and mentor of Winning Futures. Rau resides in the Chelsea community with her family.

 Jessica Stubbs

Chief Financial Officer Jessica Stubbs is promoted to Senior Vice President. Stubbs joined Chelsea State Bank in 2011 as Assistant Vice President and Compliance Officer. She was promoted to Vice President in 2014 and Chief Financial Officer in 2017. She is a Certified Public Accountant and has over 20 years of experience with financial institutions, beginning as a teller in a community bank and progressing to vice president. Stubbs also worked as an audit manager at an accounting, tax and business consulting firm.

After graduating from Albion College with a bachelor’s degree in Economics and Management, Stubbs earned her CPA license in 2013. In the community, Stubbs is the Treasurer of Christian Fellowship Bible Church.  She is also a member of the American Institute of Certified Public Accountants and the Michigan Association of Certified Public Accountants. She resides in the Chelsea community with her family. 

Matthew Noggle

Matthew Noggle is promoted to Assistant Vice President. Noggle joined Chelsea State Bank in 2017 as a Commercial Loan Officer specializing in agricultural lending. Noggle has a lifetime of experience in farming including 17 years as a partner in a family-owned farm, and four years as a loan officer for the Bank of Colorado.

Graduating from Colorado State University, Fort Collins, Colorado, with a dual Bachelor of Science in Animal Science and Agricultural Business, Noggle also studied at the Institute of Agriculture Technology on the campus of Michigan State University, East Lansing. He received an Associate of Animal Science from Connors State College in Warner, Oklahoma. Noggle is active in community service including the Young Farmers and Michigan Farm Bureau. 

Teresa Beegle

Teresa Beegle is promoted to Compliance Officer. Beegle joined Chelsea State Bank 2016 as a Customer Service Representative. She was promoted to Loan Operations in 2018, and in 2019 was promoted to Compliance and Marketing Specialist.

Beegle graduated with an Associate in Business Administration from Jackson College in 2008. She will graduate with a bachelor’s degree in Business Administration from Siena Heights University, Adrian, in December. Beegle will also graduate from the Perry School of Banking, Lansing, in 2021.

Stuart Mann

Stuart Mann is promoted to Commercial Loan Officer. Mann began his career with Chelsea State Bank in 2015 as a Credit Analyst. He was promoted to Commercial Loan Representative in January 2020. Graduating from Western Michigan University, Kalamazoo, Mann has a bachelor’s degree in Finance.

About Chelsea State Bank

Chelsea State Bank is a full-service financial institution with offices in Chelsea and Dexter. The Bank was formed over 100 years ago by local business leaders to provide timely financial solutions to individuals, families and businesses in the community. This tradition of community service continues today.  For more information, please call 734.475.1355 or visit  Member FDIC.