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Active Military Service for Bank CFO

His tour of duty will likely span 18 to 24 months.
Stephen Taub, | US
April 21, 2004

The chief financial officer and treasurer of First Federal Capital Corp., parent company of First Federal Capital Bank, has been ordered to active military duty effective April 26.

Michael W. Dosland, 44, is a lieutenant colonel in the Army National Guard with more than 20 years of service. His tour of duty will likely span 18 to 24 months, said the company.

Anticipating that Dosland might be called up, First Federal announced that it has taken steps to ensure continuity of the company's financial operations, and that it intends to name an interim CFO in the near future. The company added that president and chief executive officer Jack Rusch served as CFO for more than 11 years before being named president in August 2000.

"Fortunately, Mike advised the bank of this possibility last year," said Rusch in a statement. "In the intervening months, we have been able to prepare our staff to manage the accounting and reporting tasks in his absence. Though Mike is a highly valued member of our executive team, we are confident in the abilities of the staff in our finance and treasury division. We wish Mike Godspeed and eagerly await his return to active duty here at First Federal."