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Baylake Corp. chairman Thomas L. Herlache to retire

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Staff writer | Sturgeon Bay, Wi., USA | June 28, 2009
Baylake CorpBaylake Corp., a bank holding company, announced that Thomas L. Herlache will retire as chairman of the board, effective June 30.
Mr. Herlache will continue to serve as a director of Baylake Corp.

Mr. Herlache began working full-time at Baylake Bank, formerly Bank of Sturgeon Bay, in 1967 after receiving a J.D. from the University of Wisconsin Law School.

Mr. Herlache gained direct experience in nearly every area of the bank, including roles as vault teller and trust officer.

He served more than 30 years as Chief Executive Officer for Baylake Bank.

Mr. Herlache was appointed to the Board of Directors in 1970, and in 1996 became Chairman of the Board.

The Company has also announced that Robert W. Agnew and Richard A. Braun will serve as Co-Chairmen to replace Mr. Herlache.

Mr. Agnew, who is President and CEO of Peterson Industries, L.L.C., was elected to the Baylake Corp. Board of Directors in 2001.

Mr. Braun has served as Vice-Chairman of the Board of Directors of Baylake Corp. since the merger of Baylake Corp. and Kewaunee County Banc-Shares Inc. in 1994.

Both Mr. Agnew and Mr. Braun are active members of several board committees.