Ike Batalis elected chair of USA Funds board of trustees


INDIANAPOLIS, Dec. 17, 2013 (GLOBE NEWSWIRE) -- USA Funds® announces the election of Ike G. Batalis as chairman of its board of trustees.

A USA Funds trustee since 2000, Batalis has chaired the executive and investment and finance committees and served on the audit committee of the USA Funds board.

"I look forward to working with my fellow trustees and USA Funds management to enhance the support USA Funds provides to help students complete postsecondary education or training with the best prospects for success after graduation," Batalis said.

Batalis succeeds Ernest J. Newborn II, who completed his term as chairman of the USA Funds board. Newborn continues to serve on the USA Funds board.

Batalis is president and CEO of Batalis & Associates, a company specializing in financial and public relations consulting.

He is the former chairman, president and chief executive officer of MetroBank and former president and chief executive officer of MetroBanCorp. He also is the former president and chief executive officer of Wainwright Bank & Trust and Pacesetter National Bank.

In addition, Batalis serves as chairman of the board of trustees of Riverview Hospital, Noblesville, Ind., and as a member of the board of directors of the Indiana Hemophilia & Thrombosis Center.

Batalis is a graduate of the Indiana University School of Business and also attended the Senior Bank Symposium at Harvard University, the Graduate School of Banking at the University of Wisconsin and the National School of Commercial Lending at the University of Oklahoma.

USA Funds is a nonprofit corporation that works to enhance postsecondary education preparedness, access and success by providing and supporting financial and other valued services. USA Funds provides grants to support initiatives that improve student access to and success in higher education, and serves colleges and universities with financial literacy programs for college students, debt management and default prevention consultation and support, training for financial aid administrators, and student aid policy compliance assistance. For more information, visit www.usafunds.org.

A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=22732

CONTACT: Robert P. Murray Vice President Corporate and Marketing Communications (317) 806-1283 bob.murray@usafunds.orgSource:USAFunds