Northwestern Bank President and CEO Scrub Calcutt announced to bank employees he will retire on his 65th birthday later this month. Calcutt has led the bank since 2000. In September the bank announced it had entered into a consent order with the FDIC, one stipulation of which spoke to management and board changes, though Calcutt tells The Ticker his plans have been "in the works for close to a year, long before the consent order." Though a successor has not yet been named, the bank says more news will be coming soon.