State Bank Unveils New Name For its Wealth Management Division
New Year – New Wealth Management Team
(BROWNSBURG, IN) January 29, 2024 – To reflect what it calls “Charting a course for the future,” State Bank’s Wealth Management Division, Lizton Financial Services, announced it has
changed its name and rebranded as Compass Investment Services.
The bank recently revealed its plan to rebrand and transition its traditional investment group to a full-service investment team offering products for both individuals, families, and businesses. State Bank chose the new name and kept its familiar icon, the compass, to align the investment group closer with the bank. The new name reflects the bank’s heritage of demonstrating its commitment to the next generation investors who want help finding their way to products and services that will maximize their savings and investments.
“We are excited to announce our new name and believe it reinforces the bank’s focus on helping guide consumers and businesses through complicated investment strategies,” said Michael Baker President and CEO. “Our newly branded Compass Investment Services will continue to work with the individual investors we serve today and expand our expertise to business owners who are struggling with all of the compliance oversite and legal responsibilities of managing their companies’ 401-k portfolios.”
Compass Investment Services welcomes the following professionals to take the bank’s Wealth Management Division into the future.
Jeffrey Jenness – SVP Retirement and Wealth Planning
Jeffrey Jenness has been named Senior Vice President of Retirement and Wealth Planning, in addition to learning Compass Investment Services. As an industry veteran, Jenness comes to Compass Investment Services with more than 30 years of experience assisting businesses that are finding it more and more difficult to manage compliance and regulatory requirements.
Jenness has teamed with industry leaders, Retirement Plan Analytics, LLC and Global Retirement Partners, LLC to provide a complete suite of retirement services for small businesses. Jenness is a former recipient of the Sagamore of the Wabash, the highest award given by the governor of Indiana. Wisdom, advisor, and a great person are all words used to describe a recipient of this award and as a leader, instills those character traits with his team. He leads a team of well-rounded industry veterans with years of regulatory experience, operational management, innovative technology, and program development all to help Compass’ clients optimize investment performance and manage fiduciary responsibility.
Bob Haymond – Investment Advisor
Bob Haymond joins Compass Investment Services as an Investment Executive with more than 30 years of experience in specialized accounting. 
He is a highly accomplished Certified Financial Planner (CFP) and specializes in financial plans for participants with portfolios at various stages of complexity and maturity. He is known for using his skillset in payroll, cash flow, budgeting, and investments to create successful financial portfolios. Haymond’s approach and industry knowledge along with his unwavering customer service has helped make planning for the future more comfortable for his diverse customer base.
“We are pleased to have both of these professionals join Compass Investment Services,” said Michael Baker. “We are excited to have their extensive knowledge now available to our clients. We are thrilled to offer both individuals and businesses important new specialized products to serve them now and into the future.”
#####
About State Bank: State Bank is a $826 million community bank headquartered on the west side of Indianapolis. In addition to operating 10 full-service locations, State Bank is a part of the AllPoint™ ATM network of 55,000+ ATMs nationwide. Bauer Financial has named State Bank a 5-Star Bank based on its strength and performance since 2017. Its offices are in Avon, Brownsburg, Plainfield, Lizton and Pittsboro in Hendricks County; Lebanon (2) and Zionsville in Boone County; Carmel in Hamilton County; and Lafayette in Tippecanoe County. Visit www.StateBank1910.bank to learn more.
