Local News

Granville National Bank president, CEO Gregory Sheedy set to retire

Sheedy was hired as president, CEO of Sheridan State Bank in 1996

Gregory L. Sheedy, president and CEO of the Granville National Bank, is set to retire from his position at the end of the year, after 25 years.

“It has been my pleasure to serve as the bank’s leader in the Sheridan community for the past 25 years,” Sheedy said. “I am honored to have shared the oversight of the bank’s growth.”

In 1996, Sheedy was hired as president and CEO of Sheridan State Bank, which concurrently was acquired by Granville Bancshares, Inc. (holding company of The Granville National Bank) Sheridan State Bank merged with The Granville National Bank in 2016.

Under Sheedy’s leadership of Sheridan State Bank and later, The Granville National Bank, assets doubled in size and achieved record earnings as he delivered sustained financial success and growth.

“Through his profound dedication, sincerity, and professionalism, Sheedy demonstrated the importance of strength of character, which has enabled the bank to have a history of strong financial performance through good times as well as the challenging times of the great recession of 2008 and the 2020 pandemic. While his daily presence and perspective will be missed, his outstanding leadership will remain a model for the bank to continue its long history of strong financial performance and service to our communities,” the bank said in a press release.

Sheedy graduated with a bachelor’s of science degree from University of Illinois and a masters of business administration from Lewis University. He also is a graduate of the Graduate School of Banking in Madison. He began his career at Federal Land Bank as a credit officer. He also worked for AO Smith Corp. as a credit manager covering North America. Later, he was the executive vice president and senior lending officer at The First National Bank. While working in Peru, he served with the Illinois Valley United Way for eight years as a board member and served as president of the United Way board. Sheedy also served as a founding member and board president for the Community Unit 2 Foundation for Education for six years.

The Board of Directors has named Sara E. Biagini, currently executive vice president as successor CEO and president, effective in the new year.

An open house is scheduled during banking hours on Wednesday Nov. 24, at Sheridan Bank to celebrate Sheedy’s retirement. All friends, colleagues and members of the community may attend.