Cass Information Systems, Inc. Names Michael J. Normileas as Chief Financial Officer
March 04, 2021 at 06:30 pm IST
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Cass Information Systems, Inc. has tabbed Michael J. Normileas its new executive vice president (EVP) and chief financial officer (CFO). Normile, 45, succeeds P. Stephen Appelbaum, Cass EVP and CFO since 2006. Appelbaum, 63, will help manage the transition in coming months before retiring later this year. Normile comes to Cass from FB Corporation/First Bank where he had been CFO since 2015. Normile joined First Bank in 2007 as controller and director of profit improvement and strategic development. Prior to joining First Bank, Normile was a senior manager in the financial services audit practice of the St. Louis office of KPMGLLP for nine years. Cass was a client of KPMG during his tenure. Normile is a director, executive committee member and treasurer of the St. LouisFoster and Adoptive Care Coalition. He is also a five-time consecutive winner of the Biz Dash 5k CEO Challenge.
Cass Information Systems, Inc. is a provider of integrated information and payment management solutions. The Company enables enterprises to control their supply chains, communications networks, facilities and other operations. Its segments include Information Services and Banking Services. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. In addition, this segment provides church management software and on-line generosity services primarily for faith-based ministries. The Banking Services segment provides banking services primarily to privately held businesses, franchise restaurants and faith-based ministries, as well as supporting the banking needs of the Information Services segment. The Company's bank subsidiary, Cass Commercial Bank, supports its payment operations. The Company offers various loans, including Commercial Real Estate (CRE) and Faith-based CRE.
CASS INFORMATION SYSTEMS, INC. 
