Bankers on the Move
Citizens Bank Minnesota is pleased to announce the promotion of Mark Denn to Executive Vice President. Denn will take over the day to day management of the bank on January 1, 2019. Current bank President and CEO Lou Geistfeld has announced his plans to retire at the end of 2019 at which time Denn will assume those responsibilities. Denn is a 1987 graduate of Madelia High School, a 1992 graduate of the University of Minnesota, Morris and a 2003 graduate of the Graduate school of Banking at the University of Wisconsin. In addition to his banking career, Denn operates a corn/soybean farm near Madelia and has served on the Madelia Fire Department for 19 years, the past several years as its Fire Chief.
HomeTown Bank has announced that Todd Klohn joined the bank as a Mortgage Lender at the bank’s new Shakopee location. His first day with the bank was September 5, 2018.
Klohn has worked in mortgage lending for over 21 years with experience lending to the Shakopee area. He started as a mortgage loan processor in 1997 and gained experience as an underwriter and fulfillment manager, working his way up to loan origination. He enjoys lending because he gets to interact with people and be a part of their success. He holds a degree in Finance from Northern Arizona University. 

Bridgewater Bank is pleased to welcome Mary Krogman to its team as Vice President Business Services Sales. 

Originally starting her career at the Federal Reserve, Mary joins Bridgewater as a seasoned banking professional with over 30 years’ experience, with a majority of the years focused in the treasury space. In her new role, Mary will draw on her extensive cash management background and the breadth of her client portfolio to develop new and existing relationships and advance the Bank’s suite of cash management products.

WNB Financial is pleased to announce that Dave Justus has joined the Bank as Vice President and Business Banking Officer at its office in Holmen, WI. Justus earned his degree from the University of Wisconsin La Crosse and is a graduate of the Graduate School of Banking in Madison.
Bridgewater Bank is pleased to welcome Lisa Salazar to its newly created role of Senior Vice President Deposit Services and Emerging Products. Lisa joins Bridgewater as a seasoned commercial banking professional with over 25 years’ experience in the financial services industry. In her new position, Lisa will manage the Bank’s deposit services division, focusing on deposit generation initiatives, new product development and team culture. 
WNB Financial is pleased to announce that Chad Anderson has joined the Bank as Vice President and Business Banking Officer at its newly formed office in Holmen, WI.

Anderson brings nearly 20 years of banking experience into his new role, most recently as a Commercial Banker at Merchants Bank in Winona. Prior to that, Anderson worked as a Business Banker at WNB for 12 years.
United Bankers’ Bank (UBB) has promoted Mary Williams to SVP, Chief Operations Officer, effective August 6. Williams succeeds Anne Hofstede who retired after 41 years of service at UBB.
In her role, Williams will lead UBB’s Operations team and will oversee the bank’s operational products and deposit services in addition to customer service. Williams’ transition to this role is natural as she has served on UBB’s Operations team since 2007, most recently as SVP, Operations Manager, and boasts over 25 years of experience in the banking industry.
Andy Noll, president, First Farmers & Merchants National Bank in Fairmont, has been appointed chair of the Graduate School of Banking at Colorado (GSBC) for 2019.

Noll’s career with First Farmers & Merchants National Bank spans 25 years. In addition to serving as president, he also serves as senior vice president of its holding company, 215 Holding Co., which operates offices in 15 communities across Southern Minnesota. Noll graduated from Moorhead State University and is a 1992 graduate of GSBC. Additionally, he successfully completed ABA’s National Commercial Lending School and the Minnesota Bankers Association Commercial Lending School. He is a past director for the Minnesota Bankers Association.
RiverWood Bank welcomes Dionne Rozario and Jennifer Kostek in Baxter as loan operation systems specialists. 
Dionne is from Baxter and has worked in the financial services industry for more than a decade. She has a degree in international politics and Russian and French languages from St. Cloud State University, which fuel her desire to travel. Dionne volunteers with Habitat for Humanity and the Sharing Bread Soup Kitchen. 
Jenn grew up in Holdingford and has worked in the financial services industry for nearly a decade. She has degrees in sales and management from St. Cloud Technical and Community College and in finance from St. Cloud State University. 
Dacotah Bank, which has locations in North Dakota, South Dakota and Minnesota, has promoted David Sandvig to senior vice president and chief relationship officer. The announcement was recently made by the company’s executive vice president, Robert Fouberg. Originally from Aberdeen, South Dakota, David and his wife Jody and their children make their home in Aberdeen. He has served as a wealth advisor for Dacotah Bank prior to his promotion.

     In Memory of...

Mark W. Olson, Potomac, MD, died on September 12, 2018. In addition to serving on the MBA’s Legislative Committee (now Government Relations Council), his achievements and contributions to the banking industry were many, as noted in the obituary that appeared in his hometown paper, the Fergus Falls Daily Journal. “He graduated from St. Olaf College with a degree in economics in 1965. Upon graduating college and serving his active duty portion of his Army Reserve obligation, he joined First Bank System (now U.S. Bancorp). He then served in Washington, D.C. as a legislative director for Congressman Bill Frenzel. In 1976, he was named president and CEO of Security State Bank, founded by his father in 1957, until 1988. While at Security, he was elected president of the American Bankers Association in 1976, the youngest person elected to the position…in 2001, after serving as staff director of the Securities and Exchange Subcommittee of the U.S. Senate Banking Committee, he was named as a governor of the Federal Reserve Board where he served until 2006.”  

     Bank Board Appointment

RiverWood Bank recently welcomed Jake Olinger to its Board of Directors. Olinger is the President of Foster White Insurance in Monticello and has been a part of the community for more than 20 years. Olinger also serves as the assistant fire chief on the Monticello Fire Department, participates in the Chamber of Commerce and coaches his children’s sports teams.


Sue Engholm, Senior Consumer Lender, AVP, celebrated 30 years of working at The Bank of Elk River. She began working at the bank as a drive-up teller and bookkeeper in the Main Street office. Since then, she has held many other positions including New Accounts Representative, Assistant Branch Manager, Personal Banker, Loan Officer, and has landed in her role today as a Senior Consumer Lender, AVP, focusing primarily on mortgage lending. “Sue is a wealth of knowledge.  She is a great resource for our customers as well as our employees,”  said Corey Wemple, Director of Consumer and Real Estate Lending. “Her dedication to her job and The Bank of Elk River is something we can all look up to.”

Jody Meneley, Marketing Administrative Assistant III, celebrated a quarter of a century working at The Bank of Elk River. Jody began working at the bank as a Teller following her high school graduation in 1993. Since then, she has held many other positions including Consumer Loan Processor, Commercial Loan Processor, Consumer Lender, IT Administrative Assistant, Marketing Associate, Mortgage Servicing Assistant, Special Assets Administrative Assistant, and Marketing Administrative Assistant III. She transitioned to the Marketing Department for the first time in 2006 for five years and then returned when she accepted her current position 2014. She now specializes in coordinating various bank activities, volunteer events and leads marketing projects. “Jody is a true asset to the Bank of Elk River,” said Julia Schreifels, Assistant Vice President and Director of Marketing. “She exemplifies professionalism and we are fortunate to have someone with her skills, experience and dedication working here.”

We want to hear about your Bankers on the Move

Help us recognize those people who are excelling in their banking career by letting us know of your bank's new staff and internal promotions. We will place them along with other bankers in the MBA News monthly department "Bankers on the Move." You can send your banker on the move to Eric Hauth at