Bankers on the Move
John Peterson, Interim President and CEO of United Bankers’ Bank (UBB), announced the retirement of Conrad Newburgh, Executive Vice President, Chief Credit Officer, along with the promotion of his successor, Dawn Tollefsrud. Newburgh’s official retirement date was Friday, May 10, 2019. 

As both Senior Credit Officer and, more recently, Chief Credit Officer, Conrad provided guidance and overall direction to UBB’s lending team, and was responsible for managing the aggregate risk in the bank’s loan portfolio. Newburgh came to UBB in 2008 with 30 years of experience working in commercial lending and 16 years in credit administration and lending. 
Dawn Tollefsrud has been with UBB since 1998 and has worked side by side with Newburgh to ensure a seamless transition. “Her 21 years of experience at UBB has given her a vast knowledge of the correspondent lending culture as well as the ability to learn from some of the best senior managers in the industry,” said Peterson.
Prime Security Bank is pleased to announce that Andy Klassen has joined the bank as Vice President of Commercial Lending at its Eagan office. Mr. Klassen brings over 20 years of financial services experience, having  worked within a large variety of market segments that includes finance professionals, commercial real estate, C&I, SBA, middle market, non-profit and small business owners.  

Mr. Klassen is a graduate of St. John’s University and currently resides in Eagan with his wife and three daughters.
Community Resource Bank, Northfield, is pleased to announce that James Loe joined the Bank as President & CEO on May 16, 2019. Loe brings over two decades of banking experience to his new position. He has a proven track record of effective leadership, building strong employee, customer and community relationships, and profitable banking organizations. Most recently, Loe served as Regional President of Security Financial Bank, Ladysmith, Wisconsin. Just prior to this position, he served as President and CEO of Pioneer Bank of Wisconsin, Ladysmith, before merging with Security Financial.

“We are excited to welcome Jim to Community Resource Bank,” commented Denny Hanson, current bank President and CEO. “He has successfully grown Pioneer Bank, and built solid relationships with the staff and the community he served. We believe he is an excellent fit for Community Resource Bank.” Loe will replace Denny Hanson, who has been President & CEO of the Bank since 2014. Last year, December, Hanson announced his plans to retire in 2019 after a successful 40-year banking career. Hanson will continue as Chairman of the Community Resource Bank Board of Directors.
National Bank of Commerce (NBC), Duluth, is proud to announce the promotion of two associates: 

Lindsey Growette Stingle
, who has been with the bank for eight years, is now VP, Human Resources Director.

Kerstyn Hendricks
, an NBC employee for ten years, is now AVP, Signature Banker.
Citizens Bank in New Ulm, announced the following promotions:
Jon Maier, who joined Citizens in 2017, has been promoted to Director of Sales and Marketing. Jon will continue in his role as Branch Manager of our Lakeville Branch. In his new role as Director of Sales and Marketing, he will be responsible for the overall sales and marketing program to grow the bank. 
Missy Visser, who joined Citizens in 2000, has been promoted to Marketing and Culture Officer. Missy will continue to implement all traditional marketing strategies, brand management, event management, community outreach and PR for the bank as well as oversee the day-to-day functions of the marketing team. In her new role as Culture Officer, she will develop and implement yearly culture training and new hire culture training.
William C. Rosacker, President and CEO of United Bankers’ Bank is pleased to announce the promotion of three employees.
Mary Williams to Executive Vice President, Chief Operations Officer. Mary oversees the UBB Operations team and supports the development and implementation of the Bank’s deposit, payments and electronic banking systems. Mary joined UBB in 2007.
Mark Luukkonen to Officer, Information Security Manager. As Information Security Manager, Mark’s responsibilities focus on the security of UBB’s personal, corporate and customer information. Mark joined UBB in 2018.
Donna Lindboe to Officer, Assistant Controller. Donna provides support to UBB’s accounting controls and processes, ensuring proper implementation and adherence. Donna joined UBB in 2017.
First National Bank of Waseca President & CEO, Bernie Gaytko, announced that Patrick Segler has been named Vice President of Commercial Lending at First National Bank. Segler has been involved in numerous nonprofit and community organizations, including Board Positions with Rotary, Chamber of Commerce and Tourism, Big Brothers/Big Sisters and Young Life. He’s also participated as a youth sports coach in football, basketball, and baseball and helped with numerous fundraisers for these organizations. 
Bridgewater Bank announced that Dan Koch has joined its team as Vice President, Commercial Lending. Dan joins Bridgewater with over 15 years’ experience in commercial lending. Dan holds a Bachelor of Arts degree in Economics from St. Olaf College in Northfield, Minnesota.
WNB Financial is pleased to announce that Angela Czerwinski has joined the Bank as a Mortgage Loan Officer at its office in Holmen, Wisconson. Czerwinski brings over a decade of comprehensive mortgage lending experience to her new role. Czerwinski earned her degree in finance from the University of Wisconsin La Crosse in 2001. She serves as an active club member for both the Downtown La Crosse Rotary and Onalaska Toastmasters, in addition to volunteering her time with the Finance Council at the Roncalli Newman Catholic Parish. 
WNB Financial is pleased to announce that Greg Oelrich has joined the Bank as a Mortgage Loan Officer at its office in Eau Claire, Wisconsin. In his new role, Oelrich will assist and educate new and existing clients about home ownership, while providing customized products and services to make home ownership or home improvement an affordable reality. He brings 13 years of financial services experience in the areas of insurance, investments, and mortgage origination.
WNB Financial is pleased to announce that David Hoover has joined the Bank’s Wealth Management Division as Vice President and Senior Wealth Advisor. In his new role, Hoover will work with individuals, business owners, trusts, and foundations to help accomplish immediate and long-term financial goals, including retirement planning, business succession, estate planning, and educational planning.
First State Bank and Trust is pleased to announce that Jon Weaver has joined the bank’s Mortgage team as Vice President of Mortgage Lending. Weaver has over 20 years of experience serving clients in the St. Croix Valley.


     In Memory of...

Gordon M. (Mike) Pieschel was born on June 22, 1927 in Springfield, Minnesota, the son of Frank E. and Olivia (Gamble) Pieschel. He attended St. Raphael Elementary School in Springfield and graduated from Springfield Public High School. Following service in the U.S. Navy during WWII he attended Georgetown University in Washington, D.C. and graduated in 1950 with a major in Economics. He attended Georgetown University Law School and received his LLB degree in 1952. He also was a graduate of the Midwest School of Banking in 1958.

Mike began his career in banking at the Farmers and Merchants State Bank of Springfield in June 1953 where he served in all levels including teller, President, CEO, and Chairman of the Board. He retired from active leadership in 1994 and remained as Chairman of the Board until 2014. He was very active for many years in banking association activities, served as President of the Minnesota Bankers Association in 1974-75, and served on the MBA Board as well as on numerous MBA committees including Chairman of its Legislative Committee. He saw the importance to the industry of political action involvement and helped to establish MinnBankPac, the Minnesota Bankers Political Action Committee, where he served as its Chairman. He also served as Chairman of the American Bankers Association National Political Action Committee as well as on other ABA committees including its Government Relations Committee. Mike served as an instructor at the Minnesota School of Banking at St. Olaf College. He served for many years as a member of the Board of Directors of Northern States Power Company and on the Board of Forward Minnesota, an economic development organization.
Mike is survived by his wife, Jodi; 4 children, Paul (Sharon) Pieschel of Springfield, Peggy (Matt) Van Hoomissen of Prior Lake, Mary (Tom) Esselman of Kansas City, MO, and Martha Pieschel of Norwood Young America; and 15 grandchildren and 5 great grandchildren.

* For the complete obituary, please go to:

  Board Appointments

First National Bank of Waseca President & CEO, Bernie Gaytko, is pleased to announce that Steve Olson has been appointed to the Board of Directors of First National Bank. Olson began his banking career in 1988 working for First Bank in Brainerd before moving on to their Mankato location. After his tenure at First Bank, Olson became President & CEO of MinnStar Bank, located in Mankato and Lake Crystal, Minnesota. In April 2018, he retired from the organization after a successful 22-year career.

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