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Officers & Directors

You probably know many of Sterling Federal's Officers and Directors. If so, you'll appreciate how much we rely on their insights and direction.

Dean A. Ahlers, Director, President & CEO

Elected to the Board in 2013, Mr. Ahlers serves as President and CEO of Sterling Federal Bank, having been with the bank since 2007. He holds a Bachelor's Degree in finance from Iowa State University and graduated with honors from the prestigious Graduate School of Banking at the University of Wisconsin-Madison. Dean serves on the Board of Directors for Sinnissippi Centers and is a former president of Twin Cities Sunrise Rotary and Home of Hope Cancer Wellness Center. He is a member of Sacred Heart Catholic Church in Sterling.

Steven R. Brewer, Director, Vice President, CFO & Treasurer

Elected to the Board in 2015. Mr. Brewer serves as Vice President, CFO, Treasurer and Secretary of Sterling Federal Bank, having been with the bank since 2010. Prior to joining the bank, Steve served 15 years in the banking industry, most recently as Senior Vice President and Controller of AMCORE Bank. Prior to that he worked for 17 years in agribusiness with DeKalb Genetics Corporation, where he was Chief Tax Officer. Steve holds the professional designations of Certified Public Accountant and Chartered Global Management Accountant. He is an Elder and Treasurer of First Baptist Church in Sycamore and serves on the Board for Home of Hope Cancer Wellness Center.

Reed A. Hutchcraft, Vice President, Chief Lending Officer

Mr. Hutchcraft is Vice President-Chief Lending Officer of Sterling Federal Bank. He has more than 30 years of lending experience, having received his Bachelor's Degree in Ag Business from Western Illinois University and a diploma from the prestigious Graduate School of Banking at the University of Wisconsin-Madison. Reed has been very active in the communities where he has resided, serving on the City Council, School Board, Kiwanis, and holding the President's position with the Rotary and Chamber of Commerce.      

Bo Mays, Vice President & COO, Assistant Secretary

Mr. Mays joined the bank in 2015. He holds a Bachelor's Degree in Finance from Illinois State University, and has banking experience in both large and small communities. Bo comes to Sterling Federal Bank from Watseka, IL, where he served his community through a number of organizations. He currently serves on the Board of Directors for United Way of Whiteside County.

Nick Krumbholz, Vice President & Chief Retail Officer

Mr. Krumbholz is Vice President and Chief Retail Officer for Sterling Federal Bank. He holds his bachelor's degree, Magna Cum Laude, from Upper Iowa University and his MBA from the Tippie School of Management at the University of Iowa. Nick has been an active volunteer with Junior Achievement and the United States Parkinson's Disease Association.

Raymond P. Sharp, Chairman of the Board

Elected to the Board in 2002. CIO of Katherine Shaw Bethea Hospital in Dixon. He holds a Bachelor's Degree in Computer Science from Illinois State University and graduated with honors with an MBA from the prestigious Graduate School of Business at the University of Chicago. Fellow in American College of Healthcare Executives, member of College of Healthcare Information Management Executives, and member of Healthcare Information and Management Systems Society. Board Member and former President of United Way of Whiteside County, and active with Sacred Heart Catholic Church, Sterling Noon Rotary, YMCA, and Newman Central Catholic High School.

David L. Schreiner, Vice Chairman of the Board

Elected to the Board in 2004. President & CEO of Katherine Shaw Bethea Hospital in Dixon. Adjunct Faculty member in the graduate program for the University of St. Francis. Fellow with the American College of Healthcare Executives. Mr. Schreiner has served on many boards in the Sauk Valley, and was named the 2007 Dixon Citizen of the Year.

Rita E. Smith, Director

Elected to the Board in 2008. Retired past Vice President and Chief Information Officer of the Bank. She is a member of Wesley United Methodist Church and Twin City Sunrise Rotary. A life-long resident of Sterling-Rock Falls, Rita is active with Community Christmas for Children and on the CGH Foundation Fundraiser Committee.

Robert L. Rosengren, Director

Elected to the Board in 2013. President of Rosengren Farms, Inc. and Green Rose Farms, Inc., having received his Bachelor's Degree in agricultural economics from the University of Illinois. A life-long Rock Falls resident, he is active in many community charitable organizations. He is a member of the Whiteside County Farm Bureau, member of St. Andrew Church Finance Committee and active with Newman Central Catholic High School.

Brian L. Grummert, Director    

Elected to the Board in 2014.  President of Grummert’s Hardware, Inc., President of Sterling Main Street, and former President and board member of the Sauk Valley Area Chamber of Commerce.  He is active with St. Mary’s School in Sterling, coaches youth sports and is a member of Sacred Heart Catholic Church.

Anne M. Kenney, Director

Elected to the Board in 2016. Retired past Vice President of Savings & Assistant Secretary of the Bank and has been with the bank since 1983. She currently serves on the Board of Sterling Today and is a member of the Sterling-Rock Falls Historical Society. Anne is a former board member of Hospice of the Rock River Valley, Lincolnland Red Cross and Sauk Valley Area Chamber of Commerce. She is a former ambassador for the Rock Falls and Sauk Valley Area Chambers of Commerce and is a past recipient of the YWCA Pearl Woods Award. A life-long resident of Sterling-Rock Falls, she is active in many community charitable causes.

Joel M. Downie, Director

Elected to the Board in 2017. Owner of Downie & Associates CPA's in Rock Falls. Member of the Illinois CPA Society and the American Institute of Certified Public Accountants. A life-long resident of Sterling-Rock Falls. Serves as the Chairperson of the Audit Committee and is a member of the Finance Committee for the Rockford Diocese. Serves as a Director on the board for Oak Knoll Cemetery. Is a member of the Finance Committee and the Board of Education at Newman Central Catholic High School, also a member of the Finance Committee at St. Mary's Church in Sterling. He also participates in other activities at Newman Central Catholic High School and St. Mary's Church in Sterling.