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Long time Range Bank CEO to step down

Jamey Markham to succeed Roxanne Daust

Jamey Markham

MARQUETTE – Houghton native Jamey Markham will assume the position of President and CEO of Range Bank in December of 2026, following the retirement of current President and CEO Roxanne Daust after 28 years of leadership and service. Markham is currently the bank’s Chief Lending Officer and Community Bank President.

Daust joined Range Bank in 1997 as chief financial officer, where she was responsible for the finance and operations of the full-service community bank and leader in providing financial solutions to consumers, small businesses and commercial clients. During her tenure, Daust has led significant growth and expansion of the bank, implemented new technologies and played a key role in mergers, all of which have helped Range Bank become the bank of choice in the communities it serves.

In 2011, Daust was promoted to executive vice president, where she was responsible for the day-to-day operations of the bank and growing assets under management. Daust was promoted to president and chief operating officer in 2017 and took over the additional duties of chairman and CEO duties after Ken Palmer retired in 2018. Daust’s appointment made her the first female chairman, president and CEO in the 138-year history of Range Bank. She will continue in her current role until December 2026.

To ensure a seamless transition, Daust will work with Markham until she officially retires in December 2026. The two have been working closely for the past 18 months to prepare for a successful transition. In his new role, Markham will lead the growing community bank, which is headquartered in Marquette and serves its customers through branch offices in Marquette, Dickinson, Houghton and Brown (WI) counties.

Markham began his career at Range Bank in 2002 as the Houghton branch manager, where he helped grow the market to a thriving branch that expanded to a second location. He then went on to become a mortgage loan officer and a commercial loan officer before transitioning to community bank president of the Copper Country in 2017 and chief lending officer in 2020. Markham has been a member of the Asset-Liability Committee for 20 years and serves on the advisory boards of the Green Bay and Dickinson branches.

Some of Markham’s key accomplishments at Range Bank include:

• Helping grow the Houghton market from $0 in assets to over $60 million in deposits and $136 million in loans under management

• Playing a key role in growing the Copper Country region from $50 million in assets under management to over $186 million in assets

• Managing growth of the commercial loan portfolio from $173 million to $270 million in Houghton, Marquette, Dickinson and Brown counties

• Managing the Lending Department through two rounds of Paycheck Protection Program funding and assisting local business management through the COVID-19 pandemic

• Hiring team members who continue to play key roles in Range Bank’s success.

“I am honored for the confidence of Roxanne and Range Bank’s board of directors for trusting me as the new president and CEO,” Markham said. “Since my first position with the bank over two decades ago, I’ve been passionate about getting to work with a great group of people to help our local communities grow and prosper. I look forward to this ongoing collaboration as we continue to be the bank of choice in the communities we serve, grow our brand, achieve our financial goals and increase shareholder value.

“Roxanne has been essential in helping us grow strong roots that will build a bright future. I’ve been grateful to walk beside her and learn from her as she approaches her well-deserved retirement.”

Outside of his roles within Range Bank, Markham is an advisory board member for Michigan Technological University’s Applied Portfolio Management Program and a board member and finance committee member for the Copper Shores Community Health Foundation (formerly known as the Portage Health Foundation). He is also a longtime volunteer coach for the Copper Country Junior Hockey Association.

Starting at $3.50/week.

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