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Agriculture

Bernabei elected board chairman for Cherry bank

He will succeed Anthony Raccuglia

Doug Bernabei
Doug Bernabei

CHERRY — State Bank of Cherry and Cherry Bancorp President and CEO Dan Wujek has announced the election of Douglas P. Bernabei as chairman of the bank’s board of directors.

Bernabei, a 24-year board member, was first elected to the board following the 1995 death of his father, former Chairman Bruno P. Bernabei.  It was at that time that Anthony C. Raccuglia was elected board chairman.

Douglas Bernabei has now been elected to the chairman’s position following the recent passing of Raccuglia. “We are pleased to announce Doug’s election as chairman of the board of directors,” Wujek said.

“We intend to honor the legacy of his predecessors by working closely with Doug to provide a quality customer experience and increase shareholder value,” Wujek said.

After graduating from Illinois State University, Bernabei began a long career in law enforcement, now in his 38th year, the last 28 years as a police chief, first in Spring Valley and currently in Peru.

Bernabei is the father of Dominic, a student at Illinois State University, and Benjamin, an incoming freshman at Eureka College.

“I am honored and humbled to be selected to the chairmanship of the board of directors of the State Bank of Cherry,” Bernabei said.

“I look forward to the opportunity and accept the great responsibility that comes with this position following the steady board leadership during my lifetime of the late John T. Connolly, my father and Tony Raccuglia. I am so humbled to follow these honorable men,” he said.

“The State Bank of Cherry offers a full array of products, including fixed-rate home mortgages of up to 30 years, USDA mortgages and Down Payment Assistance Grants,” Wujek said. “We offer all of the electronic conveniences you expect, along with competitively priced products. Our mission is to treat people like we would want to be treated.”

The State Bank of Cherry is a strong, independent community bank, providing quality service for the past 113 years.

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