Intercity State Bank Announces CEO Retirement; Unveils Succession Plan

Intercity State Bank will undergo several major changes beginning in February. After leading the Bank as President/CEO since 1991, Randy Balk has notified the Board of Directors of his intention to retire effective February 28, 2025.

“It has been a sincere privilege to lead Intercity for the last 34 years.” Balk said. “I am proud that our staff has always worked hard to provide a high level of quality service needed to help the people and businesses of our community succeed in meeting their financial goals.”

The Board has named Chris Pfender, Executive Vice President of Intercity since 2017, Regional President effective March 1, 2025. Pfender brings nearly 25 years of community banking and accounting experience to the role.

In response to the Board’s decision, Pfender stated: “I’m looking forward to leading our exceptional team here at Intercity as we continue to serve our clients, and I’m grateful to build on our foundation of success in the greater Wausau community.”

As a part of this succession plan, Intercity State Bank will begin the process of merging with Dane County-based One Community Bank. Both community banks are owned and guided by the Bosshard family. The strategy of this merger is to provide enhanced banking services for the greater Wausau area, allow for expanded colleague opportunities, and ensure that community banking thrives throughout central Wisconsin.