Ken Seyfert to Retire from Grace Brethren Investment Foundation

WINONA LAKE — Kenneth A. Seyfert, president and chief executive officer of the Grace Brethren Investment Foundation Winona Lake, has announced plans to retire effective May 31. 

Ken Seyfert

Seyfert joined the staff of GBIF in 1997 as managing director and officer of operations. In 2004, he was appointed vice president and executive director of operations.

“Over the last 22 years under Ken’s leadership, GBIF has experienced significant growth and has consistently been the lender of choice to churches and organizations in the Charis Fellowship (Fellowship of Grace Brethren Churches),” said Dr. James Augspurger, chair of the GBIF board of directors.

“Ken is a talented leader who consistently delivers strong results while effectively stewarding the assets under his management. On behalf of the entire board of directors, I want to express our deep appreciation to Ken for his faithful service and ministry at GBIF and wish he and Donna well as they begin this new phase of their lives,” Augspurger added.

“It has been my distinct privilege to be part of the GBIF legacy of support to the Charis Fellowship these last 22 years,” said Seyfert. “I’ve been honored to serve alongside a great staff and to have worked with so many wonderful people across the Fellowship to help support the Lord’s work in their local churches and organizations.”

Prior to joining the Foundation, Seyfert was an investment executive with Fahnestock & Company in Harrisburg, Pa. He had also worked as a commercial lender with a Pennsylvania bank.

In addition to his responsibilities at GBIF, Seyfert serves as chairman of the Retirement Investment Plan for the Charis Fellowship. He served as a national moderator for the 2007 meetings of the Denominational Investment Loan Association and is a member of the Christian Leadership Alliance.

The board of directors is in the process of conducting a search for the next CEO.

Scott Bucher Promoted By Lake City Bank

Scott Bucher

WARSAW – Lake City Bank announced that Scott B. Bucher has been promoted to Vice President, Home Lending Manager.

In this role, Bucher manages the bank’s home lending business, including mortgage loans and home equity lines of credit. He establishes growth and profit objectives in the context of economic conditions in the industry. He also works with individuals through every step of setting up their residential mortgage loans with the help of the mortgage origination team. He has been with the bank for 11 years.

Bucher earned his bachelor’s degree in business administration from Manchester University and graduated from the Graduate School of Banking at the University of Wisconsin – Madison.