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Bankers on the Move

Molly Jungbauer and James Rogers III

Molly Jungbauer and James Rogers III have been elected to the Merchants Financial Group, Inc. (MFGI) Board of Directors. Jungbauer, CPA, has been CEO of Hollstadt Consulting, a technology consulting firm based in Eagan, MN, for the past 10 years. Rogers is Chief Business Development Officer for Mayo Clinic, where he has been a contributing member of the institution’s leadership team since joining there as its first Patent attorney in 2000.

Scott Ulik

WNB Financial is pleased to announce that Scott Ulik has joined the Bank as a Mortgage Loan Officer in Holmen, Wis. He brings over 20 years of industry experience, most recently with Altra Federal Credit Union. 

Erica Jerowski and Matt Becker

WNB Financial is pleased to announce the election of Erica Jerowski and Matt Becker to serve on the Bank’s Board of Directors. Jerowski’s career with WNB Financial spans 23 years. She has held the role of Senior Vice President & Chief Operating Officer since 2021. Becker has served as WNB Financial’s Senior Vice President & Chief Financial Officer for the last five years. 

Rachelle Nelson

United Bankers’ Bancorporation, Inc., is pleased to announce the election of Rachelle Nelson to the United Bankers’ Bancorporation, Inc. (UBBI) and United Bankers’ Bank (UBB) Boards of Directors.
Rachelle Nelson is the President and CEO of the First National Bank of Milaca since January 2021 and has served on their Board of Directors since 2020. 

Bill Miller

Drake Bank welcomes Bill Miller as vice president commercial banker. Miller, a third-generation banker, has over 40 years of banking experience and building relationships, helping businesses grow and meet their goals. 

Cindy Harrison

Cindy Harrison has been promoted to Senior Vice President/Chief Credit Officer at Merchants Bank.  
Harrison succeeds Mark McGrory, who retired in May after a 35-year career with Merchants. She will be a member of the Company’s Executive Leadership Team and oversee all credit operations for the Company. 

Christopher Rand

WNB Financial is pleased to announce that Christopher Rand has joined the Bank as Vice President and Trust Manager. Rand brings over 20 years of experience in the Wealth Management area. 

Katie Ferrell

United Bankers’ Bank (UBB) is pleased to announce the addition of Katie Ferrell, CRCM, CAMS, and Sandy Panella, CRCM, to the UBB Compliance Services Team. Ferrell comes to UBB with nearly 20 years of experience supporting financial instructions through regulatory compliance, risk management, audit, and retail operations and lending. Panella has been in the community banking industry for almost 20 years. 

Tom Sanvick

Tom Sanvick has been promoted to Sr. Vice President, Commercial Lending. Tom joined Northeast Bank in 2014 as a Vice President Commercial Lending.  

Zach Neuman

Zach Neuman has been promoted from Vice President to Senior Vice President, Credit at Northeast Bank.  Since joining the organization in 2010, Zach has continually taken on additional responsibilities within the credit function of the bank, consistently performing at the highest levels.

Andrew Gesell

BankCherokee has promoted Andrew Gesell to President.  Gesell has more than 30 years of community banking experience, most recently as SVP Commercial Banking. 

Bryan Frandrup

BankCherokee welcomes Bryan Frandrup as Chief Lending Officer.  A long-time community banker and commercial lender, Frandrup will lead the Commercial Banking Team. 

Scott Beuning

BankCherokee welcomes Scott Beuning as Chief Strategy Officer.  Beuning started his professional banking career with BankCherokee and is rejoining them after spending 20 years helping to start and grow a new bank, as well as working in his family-owned Bank. 

Nikki Gieseke and Roxanne Rezac

Community Bank Owatonna is pleased to announce the addition of Nikki Gieseke and the promotion of Roxanne Rezac. Gieseke has joined the bank as Project Manager/Information Technology Officer with extensive experience in project management, technical support, and computer training/consulting. Rezac has been promoted to Loan Operations. Roxanne has more than 10 years’ experience as a personal banker. She joined Community Bank Owatonna in 2020. 

Jason Grossklaus

WNB Financial is pleased to announce that Jason Grossklaus has joined the Bank as Vice President and Business Banking Officer in Holmen, Wis. Grossklaus brings 16 years of commercial lending experience, most recently with United One Credit Union and Altra Federal Credit Union. 

Dan Korbel

First National Bank of Moose Lake is pleased to announce Dan Korbel has been promoted to Chief Credit Officer. Dan has been with First National Bank of Moose Lake since March of 2021 as a Senior Commercial Loan Officer. 

Mark Kulig

WNB Financial is pleased to announce that Mark Kulig has joined the Bank as Senior Vice President and Chief Retail Officer. Kulig is responsible for the overall leadership of Retail Banking for WNB and is a member of the Senior Leadership Team. 


Drake Bank announces 20 years of community banking and building better futures. Drake Bank was chartered on May 1, 2002, being the first new bank chartered in St. Paul for 40 years. Since its inception, Drake Bank has focused on building relationships with the community and small businesses to help build better futures.
WNB Financial is pleased to announce four $500 donations to humane societies in each of the four communities it serves. These donations were made possible from “Jeans Day” funds, where employees choose to pay $2 each Friday to wear casual jeans during the workday, with the proceeds benefitting non-profit organizations 

We want to hear about your Bankers on the Move! If you have an announcement you would like to include, please send it to Carla Bush at