Bankers on the Move
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 Hickey 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 Hickey 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.
Americana Community Bank (ACB) announced that James Swiontek, ACB Senior Credit Officer, retired in late June. Swiontek retired with 38 years of banking experience. 
Bradley Mathiowetz, currently President of ACB’s Sleepy Eye, Minnesota, branch, will serve as ACB Senior Credit Officer following Swiontek’s retirement. Mathiowetz, a 22 year employee of ACB and life-long Sleepy Eye resident, has managed the bank’s agricultural portfolio for his entire career and has been Sleepy Eye branch President since 2002.
Robert Schmid, a 16 year ACB employee, has been promoted to Americana Community Bank Sleepy Eye Branch Manager. Schmid has experience in agricultural, commercial, and real estate lending and is currently President of the Sleepy Eye Golf Course Board of Directors and has served on many other community boards and organizations. 
Woodland Bank announces the appointment of Jennifer Raushel as the new Branch Manager of the Hill City office. In the banking industry since 2012, Raushel has experience in a variety of roles starting as a teller, working on accounts and lending as a banker and also Retail Manager. She is involved with the United Way as a volunteer and ambassador and is the Business Network International’s local chapter Vice President.
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.
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.


This summer the ownership and staff of F&M Bank Minnesota are excited to celebrate their 100th anniversary. Farmers & Merchants State Bank of Clarkfield, the original name of the bank, was chartered on January 28, 1919.

  Board Appointments

  The Board of Directors of WNB Financial is pleased to announce the election of Russell Meyer and Thomas Crowley to serve on the Bank’s Board of Directors.

National Bank of Commerce, Duluth, is proud to announce the addition of three new members to its Board of Directors:
 Jon Aamodt, Principal Partner, Northland Consulting Engineers LLP Greg Borash, CFO, Miners Inc.
 David Manion, CEO,
CW Technology

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