Bankers on the Move
On August 26th, Dwight R. Larsen became the new CEO and President of United Bankers’ Bank (UBB) and its holding company, United Bankers’ Bancorporation, Inc. (UBBI), according to an announcement by the bank’s Board of Directors. “Dwight is an outstanding fit for UBB’s culture of product excellence and customer service – not only for the UBB we see today but also for where we believe the bank must go to meet the challenges of tomorrow,” said Bryan Grove, Chairman of the UBB Board and President of American State Bank in Grygla, Minn. Larsen, 56, will be the third president to take the helm at UBB since it was founded in 1975 as the nation’s first bankers’ bank providing correspondent services exclusively to independent community banks. The appointment culminates an extensive national search to replace William Rosacker, who retired in April after leading UBB for 34 years. “I’m following a tremendous legacy in Bill Rosacker,” Larsen added. “He and an exceptional group of talented and dedicated people have made UBB what it is today. I look forward to being part of the next great chapter in the success story of UBB and the community banks we serve.” 
Bridgewater Bank announced the addition of Mark Hokanson as Chief Technology Officer to its growing team. Mark joins Bridgewater with over 15 years’ experience in technology leadership and brings expertise in corporate services, business applications and information technology to the position. Mark holds a Bachelor’s Degree in Management Information Systems from Augsburg University and a Master of Business Administration degree from the University of Minnesota Carlson School of Management. 
Drake Bank, located in St. Paul, announced several new hires to its team: 

Michelle Anderson has joined Drake Bank as Loan Operations Specialist. Michelle began her banking career in 2005 and recently moved to the Twin Cities. 

Debbie De Hoyos has joined Drake Bank as a Teller. She hosts previous teller experience and experience in retail sales and visual design. 

Melissa Deutch has joined Drake Bank as our Human Resources Manager and Talent Officer. Melissa comes to us with 15 years of HR experience, as well as HR education and certification.

Jill Luedtke joins Drake Bank as our new Real Estate Loan Processor.

Mai Moua has joined Drake Bank’s Deposit Operations department as Electronic Banking Specialist.

Scott Swenson joins Drake Bank as a Senior Vice President and Chief Banking Officer and now oversees our banking team. 
First Resource Bank is pleased to announce the promotion of Matt Shook to SVP – Retail Banking. Shook joined the bank in 2017 as VP – Retail Banking. He brings over 13 years of banking experience and is a graduate of Wabash College in Crawfordsville, Indiana. Shook is in the process of completing a Master’s Degree in Business Administration.
First Resource Bank is pleased to announce the addition of Charles Anderson as Director / VP – Commercial Banking and Finance. In his role, Anderson will focus on overall deposit strategy, developing and managing deposit and loan relationships, and high-level responsibilities of the Finance Department. He has a Bachelor’s Degree in Financial Economics from Gustavus Adolphus, St. Peter, Minnesota, an MBA from Carlson School of Business, Minneapolis, Minnesota, and will complete the Graduate School of Banking this August at UW - Madison. He is also a Chartered Financial Analyst.
Sterling State Bank announced that Executive Vice President Lonny Hickey has been promoted to Rochester Market President. In this new role, Lonny assumes a number of key leadership responsibilities within the bank. His responsibilities include oversight of all Rochester deposit activities, increased direct lending authority, and chairing the Bank’s Rochester loan committee. In addition, Lonny will oversee the formation of a Rochester-based advisory committee. Lonny and his wife Michelle live in Rochester with their two children. When not at work Lonny enjoys golf, hunting and is active in the Rochester community.

  Congratulations on 100 Years in Banking!


F&M Bank Minnesota (Clarkfield) and United Prairie Bank (Mankato) recently celebrated their 100-year anniversaries.

Congratulations on your success and service to your communities!

  Board Appointment


  Northeast Bank in Minneapolis is pleased to announce Lynn Noren, of Rise, Inc., as their newest addition to their Board of Directors. 


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 erich@minnbankers.com