ST. LOUIS, July 3, 2018 – The board of directors of Cass Commercial Bank has appointed Dwight D. Erdbruegger the new president of the bank.
Erdbruegger succeeds Robert J. Mathias who will assume responsibilities as vice chairman of the board. Mathias, 65, has been president of Cass Bank since 2008. The bank has thrived under his leadership, consistently ranking among the top-performing banks in the country.
Cass Bank is the commercial banking subsidiary of Cass Information Systems, Inc., (NASDAQ: CASS), a leading national provider of transportation, energy, telecom and waste invoice payment and information services.
Erdbruegger, 59, joins Cass after a 31-year career in commercial banking, the last 15 years spent with Commerce Bank. Most recently he was chairman of CBIEF, the equipment finance subsidiary of Commerce. He was also chief administrative officer for Commerce Bank East Group, with offices in Missouri, Indiana, Michigan, Ohio and Tennessee.
Erdbruegger has previously served on the board of directors of FOCUS St. Louis and the Cultural Festivals Organization. He has also been involved with Habitat for Humanity.
Erdbruegger earned his Bachelor of Science in Industrial Engineering from Purdue University and a Master of Business Administration from Southern Methodist University.
About Cass Commercial Bank
Founded in 1906 in St. Louis, Cass Commercial Bank is a member of the Federal Reserve. It focuses on the financial needs of privately held businesses as well as those of faith-based institutions and other nonprofits. Cass Bank is a wholly owned subsidiary of Cass Information Systems (NASDAQ: CASS), a public company with $1.6 billion in assets.
About Cass Information Systems, Inc.
Cass Information Systems, Inc. is a leading provider of integrated information and payment management solutions. Cass enables enterprises to achieve visibility, control and efficiency in their supply chains, communications networks, facilities and other operations. Disbursing over $50 billion annually on behalf of clients, and with total assets of $1.6 billion, Cass is uniquely supported by Cass Commercial Bank. Founded in 1906 and a wholly owned subsidiary, Cass Bank provides sophisticated financial exchange services to the parent organization and its clients. Cass is part of the Russell 2000®.
