Bankers on the Move
National Bank of Commerce (NBC) announced the promotion of Tim Smith from Credit Analyst to Commercial Banker. Tim was born and raised in Superior, WI. He attended college at the University of Minnesota - Duluth, where he earned his Bachelor’s degree in Accounting and Political Science. Tim joined NBC three years ago as a Credit Analyst where he continued to grow and expand his knowledge of the financial industry.  
Eagle Valley Bank, a growing Twin Cities bank focused on businesses and entrepreneurs, is pleased to announce the promotion of Aaron Siegle to President effective July 1, 2018. In his role as President, Siegle will focus on Sales and Marketing, Shareholder Relations, and assisting John Seidel, the CEO, in the daily operations of the Bank. Siegle joined Eagle Valley Bank in 2013. Prior to that, he was an examiner for the FDIC where he oversaw financial examinations of banking institutions. Siegle is a graduate of Concordia College, Moorhead, MN, and the University of North Dakota School of Law, Grand Forks, ND.
Gateway Bank announced five promotions at its annual holiday party. President Bruce Downey said “We are extremely blessed to have a great group of associates at Gateway Bank. These promotions reflect the excellent job these associates are doing for our clients. It is very gratifying to continue to promote from within the organization.”

Kelly Gibbons
to Credit Analyst I. Kelly joined the bank in 2016 as a loan operations associate. He is a graduate of Iowa State University and Eastview High School in Apple Valley.

Felicia Le
to Universal Banking Officer. Felicia joined the bank in 20 15 as a Universal Banker and moved to the new Edina location in July of 2017. She is a graduate of the University of St. Thomas and Burnsville High School.

Carol Lund
to Senior Operations Associate II/Operations Lead. Carol has been at the bank for 11 years starting as a Teller Operations Associate. Carol lives in Eagan. 

Elisa Dabruzzi
to Assistant Vice-President Commercial Lending. Elisa joined the bank in 2011 as an Operations Associate. She is a graduate of the University of Wisconsin in Madison and Hastings High School.
Becky Durand to Assistant Vice-President Business Banking. Becky was the first associate to join Gateway Bank when it was being formed in 2003. She has worked her way up from Banking Associate to officer and now this promotion. Becky lives in Eagan.
Mark Wallace has been promoted to VP/Ag Commercial Lender at Bell Bank in Moorhead. In his new position, Wallace will assist farmers and business owners by accessing and managing credit to support their operations. Originally from Northwood, N.D., Wallace earned a business administration degree from North Dakota State University and has been in the banking field for eight years, holding positions as teller and credit analyst for ag and business clients. He has been with Bell since 2013. Wallace lives in Fargo with his wife, Jenna.
Joe Watzke has been promoted to Moorhead President at Bell Bank in Moorhead. In his new position, Watzke will provide leadership, direction and guidance of all bank activities. Originally from Morris, Minn., Watzke graduated from Minnesota State University Moorhead and has been in the banking field for 17 years, the last 11 years with Bell.
William C. Rosacker, President and CEO of United Bankers’ Bank (UBB) is pleased to announce the addition of John John Beerling as Vice President of International Business Development. Beerling is a veteran in the industry with more than 20 years of experience with international markets and foreign exchange. Prior to joining UBB, he managed sizeable portfolios at two of the largest banks in the nation. Beerling holds a Bachelor of Arts Degree in Economics & Business Administration and also earned his MBA with an emphasis in Finance from the University of St. Thomas in St. Paul.
Winona National Bank is pleased to announce Teresa (Terry) Crolius has joined the Bank as Vice President and Business Banking Officer. Crolius will focus on growing Business Banking relationships and assisting clients with their business management needs. She brings over 25 years of business and agricultural lending experience to Winona National Bank. Crolius and her husband, Jim, live in La Crosse with their two golden retrievers. The couple has two grown children (Zachary and Mariel) and enjoys kayaking, hiking, college football, and watching classic movies.
Redwood Financial, Inc. announces the following leadership changes:
Dean K. Toft, President and CEO of Redwood Financial, Inc. and CEO of its wholly owned subsidiaries, HomeTown Bank and Community Insurance Brokerage, Inc., announced that he will retire effective January 1, 2018. He will continue to serve on the Board of Directors of Redwood Financial, Inc. and its subsidiaries. Dean Toft has been very active in community affairs in Redwood Falls, serving on numerous boards of directors of local civic and development groups. He was inducted into the Redwood Area Education Hall of Fame in 2015. Toft was also active in the Minnesota Bankers Association serving two terms on the MBA Board of Directors and served as Chairman of the association in 2015-2016.
The Board of Directors of Redwood Financial, Inc. and HomeTown Bank named Timothy Grabow as President and CEO of both entities effective January 1, 2018. Grabow joined HomeTown Bank as Chief Operating Officer in 2006 and was promoted to President of HomeTown Bank in 2014. He also serves as a director of Redwood Financial, Inc. and HomeTown Bank. Grabow has worked in the banking industry for over 37 years.
Douglas Schweim, President of Community Insurance Brokerage, Inc. has been named as the Chief Executive Officer of that entity effective January 1, 2018. He also serves as a director of Community Insurance Brokerage, Inc. and as Vice President of HomeTown Bank. Schweim joined Community Insurance Brokerage, Inc. and HomeTown Bank in 2006. He was promoted to President of Community Insurance Brokerage, Inc. in 2010. Doug has been in the banking business since 1999 and a licensed insurance agent since 2001.
Jason Pohlen has been hired as SVP/Commercial Lender at Bell Bank, located in Alexandria. In his new position, Pohlen will develop and manage client relationships with commercial banking opportunities in the Alexandria market. Pohlen graduated from Minnesota State University Mankato and has been in the banking field for nearly 25 years.
Falcon National Bank is pleased to announce Joe Bahen as the Vice President of Finance. He brings 12 years of finance, accounting and audit experience to Falcon National Bank, most recently as Director of Financial Planning and Analysis with UnitedHealth Group in Minnetonka.
Derek Hemmer recently joined Falcon National Bank as a Business Banker with his primary office in their Foley location. Derek brings with him 13 years of commercial lending experience in both the Minnesota and Colorado Markets. Derek is excited to be back to his roots and settle down in the Central Minnesota community he calls home.

Winona National Bank is pleased to announce Amanda Wenzel, Credit Officer, as the recipient of its third quarter Community PRIDE Award. Community PRIDE Awards recognize WNB employees for exceptional volunteer service to programs, organizations, and initiatives that contribute to the strength and vitality of the communities served.  Wenzel serves as Choir Director for St. Matthew’s Lutheran Church, and in the first nine months of 2017, she has volunteered over 170 hours to the program. 

In Memory of...
Paul E. Lindholm, 89, a resident of Fergus Falls, died Saturday, December 2, 2017, after several years of Lewy body dementia, at Homestead Pioneer Cottage. Paul was a long-time banker, serving as President of Blue Earth State Bank from 1960–1979 when the bank was sold. He then acquired Farmers and Merchants State Bank of Clarkfield, working with his son, Steve. During the 1980s, he was chair of the American Bankers Association Ag Committee and helped draft legislation at the national level to deal with the ag crisis.

Paul acquired Security State Bank of Fergus Falls in 1988. Its assets increased fourfold before he sold it to Steve in 2012. During that time, he was also chairman of the Minnesota Bankers Association.

Paul’s mission was to help farmers and communities reach their financial potential. He was also deeply concerned about those who were less fortunate – in his own community and around the world.

Source: Fergus Falls Daily Journal (

Bank Board Appointments
Bridgewater Bank is pleased to announce David Volk has been appointed to its Board of Directors team. Mr. Volk currently serves as principal at Castle Creek Capital, an alternative asset management firm focused on the community banking industry, located in Rancho Santa Fe, California. He has been with the company since 2005 and has led or supported investments in numerous recapitalization, distressed and growth situations.

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