Bankers on the Move

If you have an announcement that you would like to include, please send it to Carla Bush at carlab@minnbankers.com.

Lisa Reinarts

Citizens Bank Minnesota is pleased to announce the promotion of Lisa Reinarts to Chief Operations Officer. Reinarts joined Citizens in 2007 in the Operations Department and has held various roles of progressive responsibility including Systems Operator/Bookkeeper, Assistant Operations Manager and AVP/Operations Analyst.

Jake Sandstrom

WNB Financial is pleased to announce Jake Sandstrom as the newest member of WNB Financial Advisors. Sandstrom is a financial advisor with Series 7, Series 66, Life, Health, and Disability licenses. In his new role, he will assist current advisors and the clients they serve.

Lisa L. Franxman

Drake Bank welcomes Lisa L. Franxman as VP, Commercial Banker/SBA Specialist. Franxman has over 20 years of experience in various facets of the banking industry, such as commercial and SBA lending. Franxman will assist Drake in growing the SBA lending area as a preferred SBA lender.

Marques Doppler

After a 14-year tenure as Chief Executive Officer of Profinium, Inc. Marques Doppler has retired. Marques led the organization in expanding its footprint into Mankato, established the Profinium Mortgage division, and has been fundamental in the institution’s focus on providing banking, mortgage, insurance, trust and investment services. Profinium’s ownership, board of directors, and entire team give a very heart-felt thank you to Marques for his dedication, leadership, and energy.

Ashley Honeycutt

Profinium welcomes Ashley Honeycutt as the newest Relationship Banker at the bank’s Mankato location. Ashley comes to the bank with a degrees in Finance and Business Management as well as over nine years of customer service experience.

Amy Haskell

First National Bank Bemidji announced Amy Haskell has been promoted to Vice President. Amy started as a Credit Analyst/Investments in 2007 and has since held positions as Credit Manager and Compliance and Risk Officer. Most recently she was promoted in 2020 to Chief Risk Officer, a title she holds today in conjunction to her recent promotion to Vice President.

Georgia Del Favero

First National Bank Bemidji announced the promotion of Georgia Del Favero to Chief Legal Officer. Georgia has been with First National Bank Bemidji since January 2021 as their compliance officer.

Brandon Plombon

Northeast Bank announced that Brandon Plombon has joined the commercial lending team in the Minneapolis branch as Vice President. In his role he will be responsible for managing, developing, and growing a portfolio of commercial clients. Brandon brings nearly 10 years of banking and insurance experience to Northeast Bank.
Adam Johnson has joined the team at Border Bank. Johnson will serve as Business Banker for the Fargo and Moorhead area markets. In addition to his work at Border Bank, Johnson coaches high school football at Park Christian School in Moorhead..

Cindy Adolph

Cindy Adolph has been promoted to Chief Risk Officer/Senior Vice President at Merchants Bank. In Adolph’s new role she will have more strategic independence and company-wide focus on risk management while continuing to oversee Merchants’ internal audit and regulatory compliance functions. She is responsible for the leadership, innovation, governance and management necessary to identify, evaluate, mitigate and monitor all of the company’s risk components.1.

Alissa Sandholm

Alissa Sandholm has been promoted to AVP Marketing and Innovation at Star Bank - Minnesota. Alissa is a graduate of the 2023 Leadership Development Academy.

Announcements

Cory Loechler

WNB Financial is pleased to announce Cory Loechler, Lending Universal Banker in Wabasha, as the recipient of its 2023 second quarter Community PRIDE Award. As a Community PRIDE Award recipient, Loechler received $100 to donate to the organization of his choice, the Falcon Youth Baseball Association.

Highland Bancshares, Inc.

Highland Bancshares, Inc., parent holding company of Highland Bank, announced the successful completion of its merger of Boundary Waters Bank. Boundary Waters Bank had branches located in Woodbury, Blaine and Ely Minnesota, which held approximately $100 million in deposits.

Keen Bank

Keen Bank will be relocating their Hope location to 496 W North Street in Owatonna on or about October 31, 2023. This relocation will allow Keen Bank to offer more services for an optimal banking experience including a drive-thru, ATM and convenient location. Keen Bank employees will continue to serve customers with plans to add additional staff.

Wells Fargo

In August, Wells Fargo launched the Homebuyer Access Grant, which will provide $10,000 toward the down payment for homebuyers purchasing homes located in majority-Black census tracts in eight Metropolitan Statistical Areas and to those who currently live in those tracts regardless of where they are purchasing a home. The Twin Cities (Minneapolis-St. Paul-Bloomington-MN-WI MSA) is one of the eight. The grant will be available to homebuyers who earn a combined 120% or less of the area median income in the county where the subject property is located.

Unity Bank

Unity Bank, a local community bank with 16 locations across Minnesota, Wisconsin, and Montana celebrated their annual Summer Celebration Week in July with daily activities and contests. Lucky contest winners were awarded gifts valued at $250 each. The bank topped off Summer Celebration Week by donating $1000 to the non-profit organization, Rush City Youth Sports Club in Rush City, MN.

In Memory

John Ingebrand

John Ingebrand sadly passed away on April 21st, 2023 at the age of 97. As a young man, John joined the Navy and started the Officer Training Program at St. Mary's College in Winona as an Apprentice Seaman. While in the Navy, his education continued at Northwestern University in Evanston, Illinois, and Harvard Graduate Business School where he received a commission as Ensign, Supply Corps, in November, 1945. He then joined the US State Department as Secretary to the Ambassador, Robert Butler, first in Canberra, Australia and then in Havana, Cuba. John concluded his professional career as President of Kanabec State Bank in Mora and served as president of the Minnesota Bankers Association from 1982-1983. He retired from the bank in 1988 but continued as a board member for another 20 years. Family life with seven children kept John and his wife Marcie very busy.

Douglas F. Bultman

Douglas F. Bultman, 85, of Spicer, died Wednesday, May 24th at Bethesda Grand in Willmar. Under the staid charcoal and navy suits -- the uniform of Douglas Fred Bultman's 50-plus years in banking -- beat the heart of a leader, a servant, a teacher, a learner, an advocate, a promoter, a jokester, an artist, and a poet. A lover of small Minnesota towns and big ideas, Doug's overarching mission was to give every regional citizen a chance at his or her best life. Doug retired in 2003 after 21 years as president of the Redwood Falls Minnwest Bank, which during his tenure grew from $62 million to over $200 million with the development of six branches. He served on the Minnwest board of directors until 2013 and was president of the Minnesota Bankers Association in 1994-95.

William “Bill” Carl Rohe

William “Bill” Carl Rohe, age 73, passed peacefully at home on June 19th, 2023. Bill grew up on a farm in Belvedere Township, graduated from Goodhue High School in 1968, attended St. Cloud State, and graduated with a degree in Mathematics and Science. He began his banking career at The Goodhue State Bank. Bill later spent 35 years with Security State Bank as the President of five branches. Bill was dedicated to the people he served through banking and his community service efforts and created a “hometown” culture that lives on today. He retired in 2017 and then moved to Rochester, MN. He was also an active member of the Minnesota Bankers Association and Kiwanis, consistently striving to uplift and improve the lives of those he encountered.