Minnetonka, Minn.-based Luminate Bank named Marc Campbell as CEO.
Campbell has more than 30 years of experience in community banking, including in leadership, compliance, operations, finance, credit and sales. Campbell has been with Lake Area Bank since 1997 and served as president and CEO from 2007-2022. The $150 million Luminate Bank was formed after Minnetonka-based American Equity Bank acquired Luminate Home Loans in early 2022.
“He led the bank through bank acquisitions, as well as the significant expansion of the Lake Area mortgage division,” a press release states. “Campbell has been a leader through many banking challenges and changes — including the Great Recession and the complex sale of the bank — all while achieving notable results.
“I take great pride, passion, and responsibility in the role as a community banker and CEO,” Campbell added. “Realizing the impact and difference we make in the lives of our customers, communities, and employees is part of my approach to success. I’m excited to celebrate and share in that success with my new peers at Luminate Bank.”