The New Market Bank board of directors recently announced President Anita Drentlaw will also serve as CEO, taking over responsibilities from her father, Bob Vogel.
Since becoming president of the Elko-New Market, Minn., bank in 2014 at 36, Drentlaw has led it to $170 million in deposits for the first time in its history. Prior to being named president and CEO, Drentlaw was vice president and chief financial officer for 11 years.
Vogel, who served as president from 1985 until 2014, remains board chair.
The fourth generation of family leadership, Drentlaw joined the bank on the southern edge of the Twin Cities in October 2002 as an operations officer after a two-year stint at accounting firm RSM. At the time, Vogel was president of the bank, and although Drentlaw was slated to take over from him eventually, the role was set to pass to a different officer first, with Drentlaw taking over from him somewhere down the road.
That plan hit a speedbump in 2005 when the then-senior vice president, who was also in the Army reserve, was called up for active duty and sent to the Middle East. The bank held the SVP’s job until he returned. But eight months later, Drentlaw’s colleague decided he wanted to be in the Army full-time. Upon his second and final departure, Drentlaw became chief financial officer and eventually president. Drentlaw was one of seven mid-career bankers honored in 2018 by BankBeat as a Rising Star in Banking. She is the 2021-22 Independent Community Bankers of Minnesota chair.
Prior to joining New Market Bank, Drentlaw was a public accountant at McGladrey & Pullen (now RSM), serving small community banks, and worked for ICBM as a staff accountant and accounting assistant.
Drentlaw received her CPA certificate in 2001, obtained her bachelor’s degree in accounting from the University of St. Thomas, St. Paul, Minn., and graduated from the University of Colorado’s Graduate School of Banking.
The $179 million New Market Bank also has two branches in Lakeville and Prior Lake, Minn.