Industry-recognized leader known for innovation
COLUMBUS, Ohio, July 17 /PRNewswire/ -- Nationwide Bank, a subsidiary
of Nationwide Financial Services, Inc. (NYSE: NFS), today announced the
election of Anne L. Arvia as president of Nationwide Bank, effective in
September. At that time, Arvia, currently president of ShoreBank in
Chicago, will become responsible for the management and operations of the
new Nationwide Bank.
Arvia will succeed John Skubik, current bank president, who earlier
this year stated his intention to retire in early 2007. Skubik will remain
bank president until September. He will then become the bank's chief
operating officer until his retirement. In that role, he will primarily
focus on an initiative aimed at building the bank's customer base.
Arvia brings to Nationwide 15 years of experience with ShoreBank,
America's first and leading community development and environmental bank,
with $1.8 billion in total assets. Before being named president and CEO,
she held several other key leadership roles, including vice president and
controller, senior vice president, chief financial officer, and chief
operating officer.
Under Arvia's leadership, ShoreBank has achieved the highest asset and
profit growth in its history. In addition, Arvia oversaw the operation of
ShoreBank's branches in Chicago, Detroit, and Cleveland, as well as the
successful consolidation of two separately chartered affiliated banks.
"Anne's extensive experience and successful track record leading a
profitable and competitive financial institution will be tremendously
valuable as we continue to build our banking platform," said Mark Thresher,
president of Nationwide Financial. "Her knowledge of the industry, affinity
for innovation, and commitment to customer service are key to providing
valuable products that will enrich relationships with our customers."
In 2005, US Banker magazine named Arvia one of the "25 Most Powerful
Women in Banking." She also was recognized as one of the "100 Most
Influential Women" by Crain's Chicago Business and she was named to the
publication's "Forty Under 40" list.
Prior to joining ShoreBank, Arvia was an accounting manager for Crowe,
Chizek and Company, LLP. While there, she helped integrate an acquired firm
into the company's culture and operating systems.
Arvia earned a bachelor's degree in accounting from Michigan State
University and is a Certified Public Accountant. She serves on the boards
of The University of Chicago Hospitals and Health System, XacBank of
Mongolia, the Illinois Bankers' Association and Winning Workplaces, among
others. Arvia also is a member of the National Smart Growth Council, Grant
Thornton Business Leaders and the Fannie Mae National Advisory Council.
About Nationwide Bank
In April 2006, Nationwide Financial Services, Inc. received approval
from U.S. regulators to expand the powers of its wholly-owned subsidiary,
Nationwide Trust Company, FSB and to operate as Nationwide Bank. Nationwide
Bank will provide a full range of banking products and services to its
associates and agents, as well as to Nationwide insurance, mortgage,
investment and retirement plan customers. The trust operation continues as
a separate division of the Bank as Nationwide Trust Company, FSB.
About Nationwide Financial
Nationwide Financial Services, Inc. (NYSE: NFS), a publicly traded
company based in Columbus, Ohio, provides a variety of financial services
that help consumers invest(1) and protect their long-term assets, and
offers retirement plans and services through both public- and
private-sector employers.
It's part of the Nationwide group of companies, which offers
diversified insurance and financial services. The group is led by
Nationwide Mutual Insurance Company, which is ranked No. 98 on the Fortune
100 based on 2005 revenue(2). For more information, visit
http://www.nationwide.com.
Nationwide, Nationwide Financial and the Nationwide Framemark are
federally registered service marks of Nationwide Mutual Insurance Company.
On Your Side is a service mark of Nationwide Mutual Insurance Company.
(1) Nationwide Investment Services Corporation, member NASD. In MI only:
Nationwide Investment Svcs. Corporation.
(2) Fortune Magazine, April 2006
Media Contacts:
Carah Brody
(614) 677-0725
brodyc@nationwide.com
Jeff Botti
(614) 249-6339
bottij@nationwide.com
SOURCE Nationwide Financial Services, Inc.
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Related links:
http://www.nationwide.com
http://www.prnewswire.com/comp/607050.html /
CONTACT:
Carah Brody, +1-614-677-0725, or
brodyc@nationwide.com, or Jeff Botti, +1-614-249-6339, or
bottij@nationwide.com, both of Nationwide Financial Services,
Inc.
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