FOR IMMEDIATE RELEASE

Stan Butler named CEO of Heights Finance Corporation

PEORIA, Ill.  (02-12-16) Heights Finance Corporation is pleased to announce that Stanley L. Butler has been named Chief Executive Officer of the company, effective February 12, 2016. He replaces Timothy L. Stanley, who has been named President and CEO of MidCountry Financial Corp. (MCFC), the parent company of Heights Finance.

Butler joined Heights Finance as Controller in July 2003. Since then he’s held increasingly senior positions within the organization including Treasurer, Chief Financial Officer, as well as his current roles as President and Chief Operating Officer.

"Stan is an extremely talented executive and proven leader in our company," said Stanley. "He knows the organization well, appreciates and embraces the culture and values system we have created, and possesses the vision and capability to help the company grow and succeed in the future. He is a recognized leader not only in the financial services industry, but in the civic, philanthropic, and professional community in and around the Peoria region."

With more than 35 years of experience, Butler began his career with the national accounting firm KPMG Peat Marwick. He then spent a decade with Westinghouse Federal Bank as Executive Vice President, moved to CEO and President of Hagerty Brothers Co., a manufacturing company, and was later the Business Manager for Advanced Technology Services. He is highly respected in the financial services industry and currently serves as a Director on the American Financial Services Association (AFSA) Independents Section Board. Butler is also a board member of the Peoria Zoological Society and the Peoria Symphony Foundation. He is the past President of the Peoria Symphony Orchestra Board of Directors, current Director as well as former President of the Rotary Club of Peoria, and a Paul Harris Fellow of Rotary International.