GERMAN AMERICAN BANK ANNOUNCES MICHAEL F. BECKWITH AS CHIEF BANKING OFFICER

Jasper- German American Bancorp, Inc. (NASDAQ: GABC) and its banking subsidiary,  German American Bank, announces that Michael F. Beckwith has been appointed Executive Vice President, Chief  Banking Officer, effective April 1, 2023. 

Beckwith will succeed current Executive Vice President and Chief  Banking Officer, Randall L. Braun, who will be retiring.  

Braun will retire after 12 years with the organization and 31 years of broad-based banking industry experience.  Randy has been instrumental in leading the company’s business lines over the years and has provided  exceptional executive leadership to many areas across the Company. Neil Dauby, President and CEO, states,  “We wish Randy well in his retirement years and thank him for his dedicated leadership and service to our  customers, employees, shareholders and communities. Throughout the course of his career with German  American, Randy has played a critical role in strengthening our culture of team work and collaboration, growing  our company both organically and through acquisitions, and driving superior financial performance.” 

Beckwith joined German American Bank through the acquisition of First Security Bank in 2018 where he served  as President and CEO. He has served as the Kentucky Division President leading the strategic focus in German  American’s Kentucky footprint, and has most recently served as Chief Commercial Banking Officer. In his role as  Executive Vice President, Chief Banking Officer, he will oversee the strategy and execution of the bank’s business  lines including commercial, retail, mortgage, treasury management, and affordable housing. He will also provide  executive oversight for marketing operations. Dauby comments, “This transition of our Chief Banking Officer  position is the company’s next step in the ongoing management succession planning the board has been  implementing for the past several years. We are excited to expand Mike’s leadership role within our  organization. He consistently demonstrates the qualities that define German American’s culture with an  unwavering commitment to our customers, employees, shareholders and communities.” 

Beckwith resides in Owensboro, Kentucky. He earned his Bachelor of Science degree from Butler University. He  has served on various community boards throughout his career in the Commonwealth and currently serves on  the board of the Kentucky Bankers Association.