NEW?ULM - Bank Midwest announces that Shane Deal has accepted the position of community bank president for the New Ulm location.
Deal is a native of Owatonna, and a graduate of Minnesota State University, Mankato, with a bachelor's degree in finance and economics. He has also earned a graduate degree in banking from the University of Wisconsin, Madison.
Deal comes to Bank Midwest with 18 years of community banking experience. He has served as ag and commercial lender and held positions in management and administration.
"I was drawn to Bank Midwest because of its strong community ties, stable earnings and credit philosophy, plus the benefit of joining an organization where I can become an employee owner," states Deal.
"We're pleased to welcome Shane," says Tom Lytle, Bank Midwest Market President. "We know that his banking experience and commitment to community banking will serve the New Ulm market very well."
Deal and wife Allison, a probation officer in Willmar, have three children, Lexie, Carson, and Arin.
Founded in 1887, Bank Midwest is an employee-owned, Member FDIC, full-service bank headquartered in Spirit Lake, Iowa. In addition to Spirit Lake, Bank Midwest's Iowa locations include Armstrong, Okoboji and Wall Lake. In Minnesota, the bank has locations in Fairmont, Jackson, Sherburn, Westbrook, Windom and New Ulm.
The bank has $670 million in assets and $217 million of assets under management in trust and investments. In addition, the organization offers a complete menu of insurance services. (Investment and insurance services are not deposits, not FDIC insured, not guaranteed by the bank and may go down in value.)