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The Lake News Online
  • Brad Badgley elected Board Chairman of Bank Star One

  • At a recent meeting of the Board of Directors, Brad Badgley was elected Board Chairman of Bank Star One.
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  • At a recent meeting of the Board of Directors, Brad Badgley was elected Board Chairman of Bank Star One. His election follows the retirement as Chairman of Dr. Donald B. Ruthenberg, who served in that capacity since 2004. Ruthenberg will continue as Chairman Emeritus on the board.
    “Brad brings a wealth of banking experience to the position of Chairman having served on the Bank Star One Board since 1998,” said Joseph C. Stewart III, president and CEO of the bank.
    According to Badgley, he plans to continue the course set for the bank by Ruthenberg with a “steadfast commitment to the growth and success of our customers.”
    Badgley is a 1974 graduate of the University of Illinois and earned his juris doctor degree in 1977 from John Marshall Law School. He comes from a banking family — his father was Chairman and CEO of Magna Group, Inc. in Belleville, Ill., his hometown. Badgley also served as a director of Fairview Heights (Illinois) Community Bank in the 1980’s and Magna Trust Company until 1997.
    While a lifelong resident of Belleville, Ill., Badgley’s family has a lifelong attachment to the Lake Ozark area.
    Bank Star One is a subsidiary of the St. Louis-based BancStar Inc., a bank holding company with three independent bank charters, seven retail branches and collectively nearly $260 million in assets. Bank Star One has four branches: Fulton, New Bloomfield, Lake Ozark and Osage Beach. Sister banks are Bank Star of the BootHeel which has two branches: Steele and Caruthersville and Bank Star with one branch (Pacific). All branches are in Missouri.
    Bank Star One provides a full range of personal and business financial services, including checking, savings, remote deposit capture and more.
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