Superior National Bank (SNB) has announced the promotion of Eli Karttunen to Senior Vice President/Chief Financial Officer (CFO), effective April 1, 2026. He succeeds Sherry Hill, who retired on April 3, 2026, after nine years of dedicated service to the Bank.
Karttunen joined Superior National Bank in 2016 as part of the Trust & Wealth Management team, where he advanced to the role of VP/Trust Investment Officer, overseeing the Bank’s fiduciary investment process. In 2022, he transitioned into the Accounting Department as VP/Financial Planning & Analysis Manager, a role in which he has led forward-looking financial strategy, including asset-liability management, financial analysis, and corporate strategy initiatives. Moving into his role of CFO, he will be responsible for leading the Bank’s overall financial strategy and operations, including financial planning and analysis, balance sheet management, regulatory reporting, and risk oversight. He will work closely with executive leadership to drive strategic initiatives, enhance financial performance, and ensure the continued success of the organization.
Karttunen holds a Bachelor of Science in Economics from Michigan Technological University and a Master of Science in Finance from the University of Michigan–Dearborn. In addition to his work at the Bank, Karttunen has served as an Adjunct Instructor at both Finlandia University and Michigan Technological University.
Active in the community, Karttunen is a member of the Rotary Club of Houghton and serves as Board Treasurer for the Copper Shores Community Health Foundation. A native of Ontonagon and Houghton counties, he currently resides in Dollar Bay.
Headquartered in Hancock, Michigan, Superior National Bank serves clients in the Upper Peninsula and Southeast Michigan regions and employs approximately 200 people. With assets over $1 billion, Superior National Bank provides individual consumers, businesses, municipalities, and corporations with a full range of banking services, spanning lending, deposit accounts, online and mobile banking services, retirement plans, and trust and wealth management services. Member FDIC.