Heritage Bank Executive and Leadership Team

August, 2026

Leadership Overview

Heritage Bank has 6 executives leading key functions including strategy, financial oversight, human capital, regional operations, and divisional management.

Committed to customer-owned financial excellence, Heritage Bank delivers robust banking solutions across Australia while maintaining a strong focus on community-based growth and long-term asset stability.

Leadership Roles at Heritage Bank

  • Chairman & Chief Executive Officer - H. Wallace
  • Chief Financial Officer - Bankole Abiodun
  • President - Robert Herbek
  • President (Jacksonville) - Bennett Brown
  • Division President, Co (Madison) - Rhonda Newell
  • Chief People Officer - Darren Stephens
  • H. Wallace - Chairman & Chief Executive Officer

    H. Wallace, the Chairman & Chief Executive Officer at Heritage Bank, directs the overarching strategic vision for the organization. Overseeing the alignment of retail banking operations with long-term asset growth, the Chairman & Chief Executive Officer ensures the institution maintains its status as a premier customer-owned bank. This leadership role involves managing the board of directors while driving national expansion through the mortgage broker network. By prioritizing sustainable financial health, H. Wallace secures the bank's position within the competitive Australian finance sector. The Chairman & Chief Executive Officer monitors the performance of the 100 retail outlets across southern Queensland to guarantee consistent service delivery. Through rigorous oversight of the $8.5 billion asset portfolio, the Chairman & Chief Executive Officer fosters trust among the customer base. Ultimately, the Chairman & Chief Executive Officer shapes the future trajectory of the bank by balancing traditional values with modern digital banking requirements.

    Bankole Abiodun - Chief Financial Officer

    Bankole Abiodun, the Chief Financial Officer at Heritage Bank, manages the fiscal integrity and capital allocation strategies for the entire organization. Overseeing the $8.5 billion asset base, the Chief Financial Officer ensures compliance with national banking regulations while optimizing liquidity across all state capital offices. This leadership role involves coordinating with the board to report on quarterly performance and long-term financial sustainability. By implementing advanced risk management frameworks, Bankole Abiodun protects the interests of the customer-owned model. The Chief Financial Officer drives efficiency in capital deployment to support the expansion of the national mortgage broker network. Through precise analysis of market trends, the Chief Financial Officer provides the necessary data to inform strategic investment decisions. Ultimately, the Chief Financial Officer maintains the financial stability required to support the 700 staff members and the diverse customer base throughout the Australian market.

    Robert Herbek - President

    Robert Herbek, the President at Heritage Bank, executes the operational objectives across the national retail and brokerage footprint. Overseeing the daily functions of the 100 retail outlets, the President ensures seamless service delivery for customers throughout southern Queensland and beyond. This leadership role involves translating the strategic vision of the board into actionable plans for the regional teams. By optimizing the operational workflow, Robert Herbek drives productivity and enhances the customer experience within the banking network. The President coordinates with the mortgage broker division to expand market reach and increase loan volume across Australia. Through consistent monitoring of operational metrics, the President identifies opportunities for process improvement and service innovation. Ultimately, the President maintains the operational excellence required to uphold the reputation of the bank as a leading customer-owned financial institution in the competitive Australian landscape.

    Bennett Brown - President (Jacksonville)

    Bennett Brown, the President (Jacksonville) at Heritage Bank, manages specialized regional initiatives that support the broader national banking strategy. Overseeing the specific market requirements within the designated operational zone, the President (Jacksonville) ensures that local customer needs receive tailored financial solutions. This leadership role involves building relationships with key stakeholders and driving growth in the local mortgage broker segment. By leveraging the bank's $8.5 billion asset base, Bennett Brown facilitates competitive lending products for the regional customer base. The President (Jacksonville) collaborates with the executive team to ensure that regional performance contributes positively to the overall organizational goals. Through the application of localized market insights, the President (Jacksonville) strengthens the brand presence in the assigned territory. Ultimately, the President (Jacksonville) drives regional success by aligning local operations with the core values and strategic objectives of the national organization.
    Bennett Brown

    Rhonda Newell - Division President, Co (Madison)

    Rhonda Newell, the Division President, Co (Madison) at Heritage Bank, directs the strategic development of specific divisional portfolios to enhance market penetration. Overseeing the operational output of the Madison division, the Division President, Co (Madison) ensures that all banking services meet the high standards of the customer-owned model. This leadership role involves managing cross-functional teams to deliver specialized financial products to the regional customer base. By analyzing local economic conditions, Rhonda Newell identifies growth opportunities that align with the bank's national mortgage broker network. The Division President, Co (Madison) coordinates with the central office to ensure that divisional activities support the overall $8.5 billion asset strategy. Through the effective management of resources, the Division President, Co (Madison) drives efficiency and service quality within the division. Ultimately, the Division President, Co (Madison) contributes to the long-term success of the bank by fostering strong regional relationships and operational excellence.

    Darren Stephens - Chief People Officer

    Darren Stephens, the Chief People Officer at Heritage Bank, architects the human capital strategy for the 700 staff members operating across the national network. Overseeing talent acquisition, professional development, and organizational culture, the Chief People Officer ensures the workforce remains aligned with the customer-owned mission. This leadership role involves designing performance management systems that reward excellence in retail banking and mortgage brokerage support. By fostering an inclusive environment, Darren Stephens drives employee engagement across the southern Queensland retail outlets and state capital offices. The Chief People Officer collaborates with other C-suite leaders to integrate human resource initiatives with the broader corporate strategy. Through the implementation of robust training programs, the Chief People Officer prepares the team for the evolving demands of the Australian finance industry. Ultimately, the Chief People Officer secures the talent necessary to maintain the high service standards expected of the institution.

    Explore Leadership Teams in Banking

    Frequently Asked Questions Regarding Heritage Bank Top Executives and Leadership Team

    Who leads Heritage Bank?
    Heritage Bank is led by H. Wallace (Chairman & Chief Executive Officer), along with executives such as Bankole Abiodun (Chief Financial Officer) and Robert Herbek (President).
    Who is part of Heritage Bank’s executive team?
    The executive team of Heritage Bank includes leaders such as H. Wallace (Chairman & Chief Executive Officer), Bankole Abiodun (Chief Financial Officer), Robert Herbek (President) and other senior executives.
    How many executives does Heritage Bank have?
    Heritage Bank has 6 executives leading key business areas.
    What roles are included in Heritage Bank’s leadership team?
    The leadership team of Heritage Bank includes roles such as Chairman & Chief Executive Officer, Chief Financial Officer, President, President (Jacksonville), Division President, Co (Madison).