John Peterson has been named interim president and CEO of United Bankers’ Bank, Bloomington, Minn., effective April 30. Peterson replaces William “Bill” Rosacker, who had earlier announced his retirement date after leading the bank since 1985.
“John is a well-respected community banking professional with over 34 years of banking experience,” said Bryan Grove, board chair of the United Bankers’ Bancorporation, Inc. “The board and I value his business acumen, integrity and first-hand knowledge of community and correspondent banking and are looking forward to working with him as our Interim President and CEO.”
Peterson has worked in financial services for many years. Before joining UBB in 2002, he worked in retail banking for 17 years in bank operations, lending and branch management. In Peterson’s current role as executive vice president and chief marketing officer, he oversees UBB’s marketing, correspondent banking sales and bank consulting services.
“The Board has engaged an executive search firm, Kaplan Partners, in the search for UBB’s next president and CEO.” Grove continues, “we are confident that the next person to fill the position of president at UBB will build off the bank’s exceptional service culture, as well as its strong financial and risk management in charting the bank’s strategy for success in the years to come.”
Peterson is a graduate of Minnesota State University Mankato, with degrees in law enforcement and business administration, the latter with an emphasis in finance and economics.