Risk Repellent

Seeking tax benefits and an additional layer of insurance protection, Midwest banks are starting captive insurance companies. [Continue]

Minnesota president/CEO-to-be makes early contributions

With a year and a half under his belt as president of Community Bank Owatonna, Minn., Bryan Toft already has contributed substantially to the accomplishment of the bank’s strategic goals, said Dale Bowers, the bank’s CEO and a member of the bank’s founding investor group. Bowers has been training Toft to lead the bank since … Read more

Iowa banker leads drive to high performance

Since Darin Johnson took over as president and CEO of Security State Bank, Sutherland, Iowa, in 2004, he has taken the bank from 34th for return on assets to the top three for ROA in the state. In 2015, the $118 million bank earned a 2.60 percent ROA and a 28.75 percent return on equity; … Read more

Adventurer leads N.D. bank’s Bismarck expansion

Leaders at the $2.1 billion First International Bank & Trust, Watford City, N.D., were attracted to Dave Mason’s background in Alaska when they hired him to help lead FIB&T’s entrance into Bismarck, one of the largest banking markets in the state. To questions like: Have you ever fallen into a hole in the side of … Read more