Saturday, June 24th, 2017

First Federal announces board transitions

Posted: Friday, November 14, 2014

Daniel L. Stephan and Randall C. Rider have retired from the Boards of Northeast Indiana Bancorp and First Federal Savings Bank. Stephan served on the Bank for 27 years and Rider served for 25 years.  Both board members ended their service at the October meeting.

Stephan, left, is a past Indiana State Representative, current owner of Stephan Lawn Management and is also a farmer. He earned a Bachelor’s Degree from Ball State University. He and his wife, Linda, live in Huntington County and have two grown sons.

Rider, center, is current president and owner of Lime City Manufacturing. He earned a Bachelor’s degree from Purdue University and a Masters of Arts from The Methodist Theological School of Ohio. He and his wife, Karen, live in Michigan. Rider has four grown children and one granddaughter.

While living in Huntington, Rider served on numerous local non-for-profit boards and committees. He served the United Way as both campaign volunteer and board member, concluding with serving as board president.  In addition he served on the Huntington County Chamber of Commerce board, the Huntington College Foundation board, the Huntington County Community Foundation board, serving as its president for five years, and the Huntington County Medical Society Foundation board. He is a Lifetime member and was president of the Huntington Optimist Club. In June of 1999, Rider was honored with membership as a Chief of the Flint Springs Tribe.

Kyle Koob, right, was elected director to the boards of Northeast Indiana Bancorp and First Federal Savings Bank in August of this year. He is the president of Advanced Machine & Tool Corporation (AMT) in Fort Wayne, a capital equipment builder and automation provider to electric motor manufacturers. Prior to serving as president, Koob was vice president of marketing and engineering and sales manager for the tooling division at AMT.

Koob holds a Bachelor’s degree from Purdue University where he was a member of Phi Gamma Delta fraternity. He is a member of the Association of Manufacturing Technology, an active member in the St. Elizabeth Ann Seton Church and a former president of the Eagle Creek Homeowners Association. He and his wife, Tricia, are the parents of four children.

The boards welcome Kyle Koob and thank Daniel Stephan and Randall Rider for their years of service. Bank president, CEO and fellow board member, Michael Zahn, states, “Dan and Randy will both be missed. The contribution they have made to First Federal over the years is immeasurable. We wish them nothing but the best in retirement.” He continues, “We are excited about having Kyle join the boards providing leadership and direction.”