Union Savings Bank Executive and Leadership Team

July, 2026

Leadership Overview

Union Savings Bank has 4 executives leading key functions including finance, information technology, and human resources.

Dedicated to serving Northern Illinois, Union Savings Bank provides comprehensive financial solutions, encompassing personal and business banking, investments, trusts, and mortgages, upholding a commitment to community since 1883.

Leadership Roles at Union Savings Bank

  • Chief Financial Officer - Robert Bogenschutz
  • Chief Financial Officer & Treasurer - Dawn Elliott
  • Chief Information Officer - Christopher Bayles
  • Chief Human Resources Officer - Stacy Fernstaedt
  • Robert Bogenschutz - Chief Financial Officer

    Robert Bogenschutz, the Chief Financial Officer at Union Savings Bank, directs the institution's financial strategy and fiscal operations. Overseeing all accounting functions, Bogenschutz ensures accurate financial reporting and compliance with regulatory standards. This leadership position involves managing the bank's capital structure, liquidity, and investment portfolio to support sustainable growth and profitability. Bogenschutz drives financial planning and analysis, providing critical insights for executive decision-making. The Chief Financial Officer's responsibilities extend to risk management, safeguarding the bank's assets and optimizing financial performance across all divisions. By maintaining robust financial controls, Robert Bogenschutz strengthens the bank's stability and enhances shareholder value, directly contributing to the bank's mission of providing reliable financial services to the Northern Illinois community.

    Dawn Elliott - Chief Financial Officer & Treasurer

    Dawn Elliott, the Chief Financial Officer & Treasurer at Union Savings Bank, manages the bank's comprehensive financial health and treasury functions. Elliott oversees financial planning, budgeting, and forecasting, ensuring fiscal discipline and strategic resource allocation. This dual role involves managing the bank's cash flow, debt, and equity, optimizing its capital structure to support operational needs and growth objectives. The Chief Financial Officer & Treasurer directs investment strategies and manages relationships with financial institutions. Elliott is responsible for financial risk assessment and mitigation, safeguarding the bank's assets and ensuring compliance with all financial regulations. By providing strategic financial leadership, Dawn Elliott ensures the long-term economic viability and stability of Union Savings Bank's operations in Northern Illinois.

    Christopher Bayles - Chief Information Officer

    Christopher Bayles, the Chief Information Officer at Union Savings Bank, architects the bank's technology infrastructure and digital transformation initiatives. Bayles oversees the development and implementation of secure, scalable IT systems that support all banking operations and customer-facing platforms. This role is critical in ensuring the integrity and availability of data, protecting against cyber threats, and driving innovation in financial technology. Bayles directs the IT department, managing hardware, software, network operations, and cybersecurity protocols. The Chief Information Officer's strategic vision ensures that technology investments align with the bank's business objectives, enhancing operational efficiency and customer experience. By leading technological advancements, Christopher Bayles empowers Union Savings Bank to deliver modern, secure banking services across Northern Illinois.

    Stacy Fernstaedt - Chief Human Resources Officer

    Stacy Fernstaedt, the Chief Human Resources Officer at Union Savings Bank, leads all aspects of human capital management and organizational development. Fernstaedt designs and implements HR strategies that support the bank's mission and foster a positive, productive work environment. This executive role encompasses talent acquisition, employee relations, compensation and benefits, performance management, and professional development programs. The Chief Human Resources Officer ensures compliance with labor laws and promotes a culture of diversity, equity, and inclusion. Fernstaedt collaborates with other leaders to align HR initiatives with business goals, driving employee engagement and retention. By cultivating a skilled and motivated workforce, Stacy Fernstaedt is integral to Union Savings Bank's ability to deliver exceptional service and achieve its strategic objectives in the Northern Illinois market.

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    Frequently Asked Questions Regarding Union Savings Bank Top Executives and Leadership Team

    Who leads Union Savings Bank?
    Union Savings Bank is led by Robert Bogenschutz (Chief Financial Officer), along with executives such as Dawn Elliott (Chief Financial Officer & Treasurer) and Christopher Bayles (Chief Information Officer).
    Who is part of Union Savings Bank’s executive team?
    The executive team of Union Savings Bank includes leaders such as Robert Bogenschutz (Chief Financial Officer), Dawn Elliott (Chief Financial Officer & Treasurer), Christopher Bayles (Chief Information Officer) and other senior executives.
    How many executives does Union Savings Bank have?
    Union Savings Bank has 4 executives leading key business areas.
    What roles are included in Union Savings Bank’s leadership team?
    The leadership team of Union Savings Bank includes roles such as Chief Financial Officer, Chief Financial Officer & Treasurer, Chief Information Officer, Chief Human Resources Officer.