News

Glenwood State Bank honored at luncheon

Published on October 28, 2019 in the Pope County Tribune

 

Glenwood State Bank was honored at the annual Salute to Business award luncheon last Thursday at Lakeside Ballroom.

 

The event, sponsored by the Glenwood Lakes Area Chamber of Commerce, recognizes a local business or industry for its impact on the community. 

 

Glenwood State Bank, a locally-owned bank has a rich history in Glenwood since its first day of business on May 11, 1907.  Peter Nelson, president of Glenwood State Bank, along with family members and employees accepted the award. The annual luncheon attracted more than 80, including former award recipients, local government officials and representatives of local organizations and businesses.

 

After the award was presented by Stephanie Hall, past president of the chamber, the audience watched a 15-minute video featuring the Martinson and Nelson family members and a number of bank employees talking about the bank’s history as well as its current mission and values.  The family-owned and locally owned community bank stated it’s purpose: “We aim to be the premier community bank, positively impacting our customers, employees and communities through Christian principles.”

 

Salute to Business & Industry - Peter Nelson

In the video, produced by Jordan McMahon, the marketing manager at Glenwood State Bank, employees and owners talked about the bank’s values, which featured commitment, diversity, balance, compassion and virtue.  (Watch the video here!)

 

After the video, Peter Nelson talked about the importance of a locally-owned bank and how important the bank’s employees are to the bank’s success and to the local community.  Currently, the bank employs 74 people, with approximately 50 of them at the Glenwood location.  Besides Glenwood, the bank is in Lowry, Villard and Alexandria.

 

Nelson said he had talked to just 10 employees on the morning of the luncheon and asked them to tell him which local organizations they they currently serve, “and I got a list of more than 30 organizations.”

 

“That’s local people investing their time and talent into the community and that’s just 10 employees and one business,” he said.  “Think of the impact that all local businesses have on this community.”

 

He said he appreciated the award and said the credit for the bank’s continued success goes to the bank’s employees.  Glenwood State Bank, he said, hires people for their values rather than just a resume.  “We hire the heart and train the brain,” he said.

 

He also said that the bank spends a lot of time/money on training.  Some question spending so much on training, especially if that trained employee leaves.  “I say what if we don’t train them and they stay.  “That’s much worse,” he added.

He said the bank’s family-owned operation also means a stable, more united atmosphere for employees, especially on the bank’s values and vision.  “And that really matters,” he said.  

 

The family-owned aspect of the business is important to the succession and cultural atmosphere at the bank.  “Our plan means we’ve agreed to keewp bank stocks in the family, therefore, we can provide our customers with consistency and stability,” Nelson explained in a story published before the luncheon.  “The family ownership is stable, committed to the community, and is 100 percent local,” Nelson explained.

 

Past local businesses, industries honored with the award

Past businesses and industries honored are: Pope County Tribune and Starbuck Times, GrandStay Hotel & Suites, Glacial Ridge Health System, Lakeside, Minnewaska Area Schools, Kruger Farms, Marthaler Chevrolet, Midwest Machinery, Kadejan Market, Thawzall, Inc., Tanis Aircraft Products/Glenwood Airport, Massman Automation Designs, LLC, Lowry Manufacturing Co., Prairie Lakes Co-Op (CHS), Tanis Aircraft, CF Industries, Inc., Material Handling Components, Inc., Canadian Pacific Railway, American Solutions for Business, Dairyland Healthcare Solutions (Healthland), Dealer’s Livestock, Clyde Machines, Inc., R/C Machining, Bodeker Machining, and WASP-Watkins Aircraft Support Products (FAST Global Solutions).

 

By: Tim Douglass

 


 

Glenwood State Bank’s impact to community honored at Salute to Business/Industry event

Published on October 21, 2019 by the Pope County Tribune

 

With the motto of “We Care,” Glenwood State Bank has focused on community service, its employees, and its family values to grow in a way that positions the bank to better serve its customers and the local community.

 

The family-owned business, spanning 112 years in Glenwood, will be honored this week at the annual Salute to Business and Industry, hosted by the Glenwood Lakes Area Chamber of Commerce.

 

The bank’s local ownership allows them to turn their depositor’s dollars around and loan them out to others in the community.  “We can help our friends and neighbors achieve things they might not have otherwise,” said Peter Nelson, president of Glenwood State Bank.   The family-owned aspect of the business is also important to the succession and cultural atmosphere at the bank.  “Our plan means we’ve agreed to keep bank stocks in the family, therefore, we can provide our customers with consistency and stability,” Nelson explained.  “The family ownership is stable, committed to the community, and is 100 percent local.”

 

Local family ownership also has benefits for employees.  Jordan McMahon, marketing manager at Glenwood State Bank, said “the ownership share the same values and priorities; they have a unified approach so the direction is clear.” 

 

That philosophy has also led to the bank’s sustained growth.  In 1997, Glenwood State Bank’s total assets were at $50 million. The bank’s total assets have grown six times that figure and now, in 2019, sit between $315 and $320 million.

 

According to the bank’s vision, Glenwood State Bank strives for “controlled growth in total assets, keeping profitability as the goal while never risking the overall safety of the institution.” That allows the bank to service the growth and needs of customers, community, and employees. “In additio, we anticipate being able to offer philanthropic activity toward the communities we serve,” it is stated in the bank’s vision statement.

 

And Glenwood State Bank’s growth has been “organic,” Nelson explained.  “A lot of banks grow through mergers and acquisitions; our growth has come from earning business, not buying it,” he said.  “Then that growth means more employees, providing more services as well as the ability to give back to the community,” he added.

 

Glenwood State Bank tries to attract more customers through its service, in addition to pricing.  “Although we are very competitive, we earn business on our relationships,” Nelson added.   Still, Nelson explained, the bank does have to be competitive, but said the relationship-based philosophy means the bank sees its customers as human beings, “not just another loan.”  “And by trying to establish that relationship, it is good for both the bank and our customers,” Nelson added.

 

McMahon added that when she first sat in on a lending meeting at Glenwood State Bank, she was impressed with how much emphasis there was on the people and their situation.  “Internally, what I saw changed my view of what being a community bank really means,” she said.
Nelson said: “We try to be aware of good times and bad times in our customers’ lives, and we try to walk along side them during both.”

 

Like most community banks, Glenwood State Bank plays a role in the community and can do some great things by not being purely driven by profit.  “Because we live here, we deeply care about the community and people in it; they’ve blessed us and we hope we can be a blessing in return,” Nelson said. 

 

Investing in Glenwood
In 2008, Glenwood State Bank opened a bank in Alexandria to expand the local border beyond Pope County.  In 2017, the bank expanded and remodeled its Glenwood location after purchasing the Trumm Drug building.  

 

The bank’s local investment in Glenwood’s building was substantial, “but we plan on being here for many generations so it made sense to invest here,” Nelson explained.  

 

The building features a large community room overlooking Minnesota Avenue.  Instead of one of the bank’s employees getting the large corner office, it was decided that it should be available to the people of Glenwood.  The room is now available for use by the public, businesses and local organizations.  “It’s a perfect example of the bank’s priorities,” said McMahon. 

 

Employees also a priority
Glenwood State Bank has been listed a number of times as among the state’s best companies to work for.  Nelson credits the bank’s employees and said GSB is fortunate to have great people sharing their talents on a daily basis.  “For that we’re truly blessed,” he added.
The bank employs 74 people, with approximately 50 of them at the Glenwood location.  

 

“They are making it happen day in and day out,” Nelson said.  “They are among the most talented in banking and are good people with good hearts who understand the big picture,” Nelson said.   The bank also provides more than just a workplace.  It prioritizes employees and considers their family life.  “We want an atmosphere where we not only care about our workers, but about their families too,” Nelson said.   

 

A reputation of trust
Nelson said the bank’s growth over the years has been a blessing and gave God the credit.  “Our reputation and our customer-first attitude has resonated with people and they tell others, and that word-of-mouth advertising is still the best form.”

 

He also stated that the bank is not afraid to take some chances on people and that helps its reputation spread quickly.  “When you are willing to help someone when no one else is, it builds trust.  This is the Community Bank difference.”

 

By: Tim Douglas

 


 

Glenwood State Bank hires Customer Service Representative

Jennifer BaleJune 17, 2019

 

Jennifer Bale has joined Glenwood State Bank as a Customer Service Representative in the Alexandria location. She has degree from the University of Liverpool, England.

 

Though new to banking, Jennifer brings with her several years of experience in customer service.  She’s excited to help customers and her team, and to give back to the community.

 

Jennifer, originally from England, moved to Alexandria five years ago; her local ties stem from her Grandfather, who was a teacher at Jefferson High School.  During her free time she likes to ski, travel, and read. 

 

Glenwood State Bank is a locally-owned, family-owned, and family-operated community bank that has been serving the area since 1907.  Glenwood State Bank has been named a Top Workplace in Minnesota by the Star Tribune.

 

Published by the Echo Press

 


 

Glenwood State Bank hires Loan Processor

Wendy WesburJune 17, 2019

 

Wendy Wesbur has joined Glenwood State Bank as a Loan Processor; she will spend time in both Glenwood and Alexandria locations. She has a Bachelor of Science Degree, with a minor in Psychology, from St. Benedict/St. John’s University.

 

Wendy’s focus is on agricultural lending; she has prior experience in managing commodity and facility loans for a government agriculture agency.

 

After growing up on a dairy farm in Stearns County, Wendy recently moved to the area with her husband.  During her free time, she likes hiking, fishing, kayaking, playing volleyball, and enjoys painting and working with pottery.

 

Glenwood State Bank is a locally-owned, family-owned, and family-operated community bank that has been serving the area since 1907.  Glenwood State Bank has been named a Top Workplace in Minnesota by the Star Tribune.

 

Published by the Pope County Tribune

 


 

Glenwood State Bank hires Loan Processor

June 17, 2019

 

Jennifer Johnson

Jennifer Johnson has joined Glenwood State Bank as a Loan Processor in the Alexandria location. She has an Associates Degree in Network Administration and brings 17 years of experience in the banking industry with her.

 

Originally from Michigan, Jennifer went to college in South Dakota before moving to the Alexandria area, where her husband grew up. Jennifer and her husband have and 11-month old daughter. They love bowling, playing board games, spending time outside (when it’s warm), and being with family and friends.

 

Glenwood State Bank is a locally-owned, family-owned, and family-operated community bank that has been serving the area since 1907.  Glenwood State Bank has been named a Top Workplace in Minnesota by the Star Tribune.

 

Published by the Echo Press

 


 

Glenwood State Bank hires Executive Assistant

May 15, 2019

 

Marsha Larson has joined Glenwood State Bank as an Executive Assistant at the Glenwood branch.  Larson has a degree from the Minnesota School of Business in medical administration.Marsha Larson

 

Larson spent the past five years working at a local medical facility.  During this time, she developed skills in organization, communication, and adaptability.  Though new to the banking industry, Larson is excited for the opportunity to learn and grow her skillset.

 

Originally from Alexandria, Larson now lives in Glenwood with her husband and three children, with two step-children residing in Lakeville.  She enjoys travelling, playing games and watching movies with her kids, and being outdoors.

 

Glenwood State Bank is a locally-owned, family-owned, and family-operated community bank that has been serving the area since 1907.  Glenwood State Bank has been named a Top Workplace in Minnesota by the Star Tribune.

 

Published by the Pope County Tribune

 


 

Glenwood State Bank hires Receptionist

May 15, 2019

 

Dawn Jantzen has joined Glenwood State Bank as a Receptionist at the Alexandria branch.  Jantzen has an Associates Degree in Accounting from Hennepin Park Technical College.Dawn Jantzen

 

Jantzen has 15+ years of experience in the banking industry.  During her career, she’s held positions in Customer Service, Personal Banking, and Operations.  Jantzen has also taken part in Dale Carnegie and Stephen Covey trainings.

 

Living in Miltona, Jantzen has three grown children and two grandchildren, ages four and one.  During her free time, she enjoys baking, crafting, and spending time with her children and grandchildren.

 

Glenwood State Bank is a locally-owned, family-owned, and family-operated community bank that has been serving the area since 1907.  Glenwood State Bank has been named a Top Workplace in Minnesota by the Star Tribune.

 

Published by the Echo Press

 


 

First National Bank of Osakis

May 08, 2019

Written by Justin Dahlheimer, First National Bank President

 

For 116 years, the First National Bank of Osakis has been locally-owned and managed by the Evenson/Olson family. With the community and our customers in the forefront of my mind, I want to publicly explain the news that you may have heard elsewhere: The First National Bank (FNB) of Osakis is in the process of selling to the Martinson/Nelson family, who currently own Glenwood State Bank and Lowry State Bank.First National Bank of Osakis

 

Newman Olson, Jr, my grandfather and Chairman of the Board of Directors has led the First National Bank of Osakis for over 50 years, with the community of Osakis as his primary focus. With it necessary to consider how FNB Osakis can best serve the community of Osakis for the foreseeable future, he sought a partnership with another locally-owned and managed institution that holds its communities in similar esteem.

 

I believe we have found a partner in the Martinson/Nelson family that values its communities with the same commitment, pride, and passion for community banking. They have purchased a bank in the past, Lowry State Bank in 2002. Seventeen years later, Lowry State Bank remains under the same name, committed to its community, and enjoying the advantages that partnerships of great independent community banks can provide its customers and community - stability, growth, and versatility in product and service offerings - without the sacrifice of local management and decision-making. Just as the Martinson/Nelson family preserved the legacy of Lowry State Bank, they will strive to continue the legacy of FNB Osakis for generations to come.

 

Nothing you love about the First National Bank of Osakis will change. Newman, Bruce, and I, will still be leading FNB Osakis with the same values and service that our customers hold dearly. Our people have always been the reason we succeed, and we will keep it that way. Our commitment to community development, donations, and the support necessary to keep Osakis the place we love to live in, work in, and visit will be unwavering. As the community of Osakis grows, so does its banking needs, and our plan is for this partnership to allow FNB Osakis to be both an agent for, and a partner in, that growth.

 

When I took over as president of the First National Bank of Osakis in 2016, I made a commitment to stewarding this community asset as best as possible. The decision to partner with the Martinson/Nelson family is reflective of that commitment. I have faith that, together, we will guide FNB Osakis into a bright future, built on the strong foundation provided by the Olson/Evenson family.

 


 

Glenwood State Bank Expands Relationship with Jack Henry & Associates

September 20, 2018

 

MONETT, Mo., Sept. 20, 2018 /PRNewswire/ -- Jack Henry & Associates, Inc. JKHY, -1.63% is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking® division announced today that Glenwood State Bank has expanded their relationship with Jack Henry & Associates, selecting the SilverLake System [® ] to support their strategic growth goals with added efficiencies, high levels of integration, and advanced digital capabilities.

 

Glenwood State Bank is based in Glenwood, Minnesota and has $289 million in assets. When the executive management of the bank decided it was time for a core system evaluation, the bank recognized the need for a partner that was mobile-focused, sustainable, and committed to research and development. Glenwood State Bank already leveraged Banno Mobile™, and that positive experience with Jack Henry & Associates, combined with the company's strong reputation and business longevity, prompted the bank to select the SilverLake System. The core platform's added efficiencies and advanced integration capabilities will allow the bank to provide a better experience for both employees and customers.

 

Peter Nelson, president of Glenwood State Bank, stated, "Our bank is committed to making choices that will position us to succeed for years down the road. The SilverLake System's openness and flexibility will allow us to continually improve the ways we connect with customers. At the same time, the system can reduce a lot of our previously manual tasks and provide new levels of efficiency that enable growth and a competitive stance. Our agreement with Jack Henry & Associates is a true partnership; they prioritize open communication and value our opinion, which is evident in the service we receive."

 

Glenwood State Bank is also moving to Banno Online™ as part of their partnership expansion with Jack Henry & Associates. By selecting Jack Henry & Associates for both their core system and digital channels, the bank will enjoy tighter integration that will enhance their overall digital strategy. Nelson continued, "Banno Mobile has allowed us to more seamlessly serve and engage with customers via the mobile channel, and we look forward to extending that exceptional service online. With Banno, we can provide the experience that customers today expect, which made switching to Jack Henry & Associates for our full digital suite an easy decision."

 

The bank chose to leverage jhaEnterprise Workflow [™] , an automation tool for multi-step business processes, to establish best practices across the institution and boost efficiencies. With this tool, the bank expects to deliver a more consistent experience for both customers and employees. By eliminating time-consuming, redundant manual tasks, the bank will be able to improve staff productivity and reduce operational costs.

 

Stacey Zengel, president of Jack Henry Banking, added, "Digital capabilities are a key differentiator for community banks, and Glenwood State Bank's decision to rely on Jack Henry & Associates will allow them to better serve customers and set themselves apart. Their advancements will provide newfound efficiencies and the flexibility required to quickly respond to market changes."

 

About Jack Henry BankingJack Henry Banking [®] , a division of Jack Henry & Associates, Inc. [®] , is a leading provider of integrated computer systems for banks ranging from de novo to multi-billion-dollar institutions. Jack Henry Banking currently serves approximately 1,100 banks as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information is available at www.jackhenrybanking.com.

 

About Jack Henry & Associates, Inc.Jack Henry & Associates, Inc. [®] JKHY, -1.63% is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its solutions serve more than 9,000 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community banks to multi-billion-dollar institutions with information processing solutions. Symitar® is a leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at www.jackhenry.com

 

Published by Newswire.com

 


 

Glenwood State Bank hires Market President

August 16, 2018

 

Mark Malingen

Mark Malingen has joined Glenwood State Bank as Market President for the Alexandria branch.  Malingen earned an AA degree from Minnesota State and Technical College in Fergus Falls and his bachelor’s degree in finance from Minnesota State University Moorhead.

 

Mark has many years of experience in the banking industry. He was formerly the president of Bell Bank in Detroit Lakes for 7 years. Prior to that, Malingen was an Area Manager for 11 years and a Retail Manager for 5 years at various banks in Minnesota. Mark has more than 25 years of leadership experience and has been involved with various boards, chamber groups and Rotary Clubs in the communities he has served.

 

Originally from Fergus Falls, Malingen will be relocating to Alexandria from Detroit Lakes with his wife and two sons. He enjoys outdoor activities such as, golfing, hunting and fishing.

 

Glenwood State Bank is a locally-owned, family-owned, and family-operated community bank that has been serving the area since 1907.  In June 2018, Glenwood State Bank was named a Top Workplace in Minnesota by the Star Tribune.

 

Published by the Echo Press

 


 

Glenwood State Bank hires Customer Service Supervisor

July 03, 2018

 

Sarah McFarland

Sarah McFarland has joined Glenwood State Bank as a Customer Service Supervisor for the Glenwood and Villard branches.  McFarland has a Bachelor of Arts Degree in Business Administration, with a Management emphasis, from Black Hills State University.

 

Sarah has a wide variety of experience in the business industry, including sales, marketing, fundraising, and customer relations.  She has seven years of leadership experience and has been involved with Optimist International and her local Chamber of Commerce.

 

Originally from South Dakota, McFarland recently moved to Minnesota with her significant other and two dogs, Trigger and Bailey.  She enjoys spending time with family and friends, being at the lake, and travelling to new places.

 

Glenwood State Bank is a locally-owned, family-owned, and family-operated community bank that has been serving the area since 1907.  In June 2018, Glenwood State Bank was named a Top Workplace in Minnesota by the Star Tribune.

 

Published by the Pope County Tribune

 


 

Glenwood State Bank hires Director of Finance/Operations

Kevin WagnerJune 29, 2018

 

Kevin Wagner has joined Glenwood State Bank as their Director of Finance/Operations, working primarily from the Glenwood location.  Wagner has an Associates Degree in Accounting from St. Cloud Technical College and an extensive background in banking.

 

Kevin began his career at Lowry State Bank, Glenwood State Bank’s sister bank, in 1982, which at the time was owned by Clifford Mork.  Wagner has spent the last 36 years in various positions within the banking industry with finance, information technology, and operations being focuses for him.

 

A native of Lowry, Kevin’s mother and three brothers live in Glenwood, while his two sisters live in Little Falls and Plymouth.  He enjoys spending time family and can be found on Lake Minnewaska and doing home improvement projects.

 

Glenwood State Bank is a locally-owned, family-owned, and family-operated community bank that has been serving the area since 1907.

 

Published by the Pope County Tribune

 


 

Jahner Graduates from Leadership Alexandria 2.0

Jahner Graduates from Leadership Alexandria 2.0May 30, 2018

 

The Alexandria Lakes Area Chamber of Commerce celebrated the graduation of 24 community leaders from its Leadership Alexandria 2.0 program on May 15. The program was designed as a follow up to the Chamber’s popular Leadership Alexandria program, which has been running for 26 years.

 
 

Leadership Alexandria 2.0 is nine-month program that delves deeper into the personal leadership style of each participant and how that leadership can impact the future of the entire community. The Alexandria Chamber partnered with Scott and Michelle Wiethoff of GiANT Worldwide to take local leadership to the next level for greater community impact.

 
 

For more information on Leadership Alexandria 2.0 or Leadership Alexandria, contact the Alexandria Chamber at 320-763-3161 or info@alexandriamn.org

 

2018 Leadership Alexandria 2.0 graduates include (back row, left to right) Rachel Jahner, Glenwood State Bank; Michelle Ahlquist, Alexandria Technical & Community College; Scott Gronholz, Mid-Minnesota Federal Credit Union; Lynn Arnquist, Alexandria Technical & Community College; Molly Comer, Habitat for Humanity of Douglas County; Nicole Fernholz, Alexandria Area Economic Development Commission; Mark Reineke, Widseth Smith Nolting & Associates; Kayla Wacholz, Alexandria Chamber of Commerce; Edward Reif, Alomere Health; Donna Ryan, Bell Bank; Matt VanWatermulen, 3M Abrasive Systems Division Plant; Kurt Steidl, Alexandria Industries; (front) program leaders Michelle and Scott Wiethoff of GiANT Worldwide; Sara Stadtherr, City of Alexandria; Brad Lenertz, Alexandria Clinic/Alomere Health; Tara Bitzan, Alexandria Chamber of Commerce; Amy Reineke, Horizon Public Health. Not pictured: Brandon Johnson, Coldwell Banker/Crown Realtors; Chris Merten, Neighborhood National Bank; Christine Schroeder, StoneBridge Wealth Management; Deena Steffl, Target Stores; Del Mari Runck, Neighborhood National Bank; Erin Berns, LifeSTAGE Wealth Management; Renae Molden, Alexandria Extrusion; Shawn Stoen, West Central MN Healthcare Preparedness Coalition.

 

Published by Voice of Alexandria

 


 

Langseth Graduates from Leadership Alexandria

May 16, 2018

 

(Alexandria, MN) -- The Alexandria Lakes Area Chamber of Commerce celebrated the graduation of 25 community leaders from its Leadership Alexandria Program on May 8th.

Langseth Graduates from Leadership Alexandria

 
 

The intensive nine-month program has been helping community leaders develop leadership skills and learn more about the community that they live and work in for 26 years, with more than 600 people going through the program to date.

 

 

The program kicks off each October with a two-day retreat, where participants learn more about their personality style, about working with different personality styles and about other key leadership traits. The class  then comes together one full day each month from November to May to learn about the area’s history, the local business community, local government and more. The class also visits the State Capitol and takes a behind-the-scenes tour of the Minneapolis-St. Paul airport. This year’s class also toured Target Field.

 

If you are interested in participating in the next Leadership Alexandria class, contact the Alexandria Chamber at info@alexandriamn.org or by calling 320-763-3161.

 

2018 Leadership Alexandria graduates include (back row, left to right): Abby Strom, Alexandria Area Economic Development Commission; Stephanie Hadler, Douglas County; Nichole Shell, BlackRidgeBANK; Jeff Karrow, Alexandria Fire Department; Matthew Jossart, Bremer Bank; Pamela Langseth, Glenwood State Bank; Steven Suchy, Hilltop Lumber & Rental Center; Patrick Veraguth, Douglas County; Kyle Goraczkowski, Alexandria Industries; (middle row) Jess Ptacek, Alexandria Lakes Area Chamber of Commerce; Emily Bush, Knute Nelson; Bobbi Jo Sellnow, 3M Abrasive Systems Division Plant; Tracy Rounds, Douglas County Hospital; Jenna Nelson, Alex Vision Source; Tyler Byron, Bremer Bank; Tina Lake, City of Alexandria; Shawn Kupcho, Widseth Smith Nolting & Assoc., Inc.; (front row) Sarah Reif, Alexandria Public Schools; Erin McCoy, Douglas County Hospital; Susan Brown, Bremer Bank; Missy Doebber-Brever, Alexandria Technical & Community College; Mandi VanOverbeke, Alexandria Technical & Community College; Katie Jo Swaggert, Manpower, Inc.; Melissa Amundson, KXRA, KX92, Z99 & VoiceOfAlexandria.com; Katie Strickler, Horizon Public Health.

 

Published by Voice of Alexandria

 


 

Glenwood State Bank hires new Customer Service Representative

April 23, 2018

 

Bethany Scott has joined Glenwood State Bank as a Customer Service Representative in the Glenwood location.  She graduated from High School in Sherburn, MN and has an Associates of Arts Degree from Iowa Lakes Community College.

 

Though Bethany is new to the banking industry, she brings with her seven years of management experience and a passion for providing great customer service.

 

Bethany moved to the area in the spring of 2012, shortly after tying the knot with her husband.  She enjoys fishing, cooking, baking and spending time with her family.

 

Glenwood State Bank is a locally-owned, family-owned, and family-operated community bank that has been serving the area since 1907.

 

Published by the Pope County Tribune

 


 

Glenwood State Bank hires new Agricultural Credit Analyst

March 28, 2018

 

Tracy Swenson

Tracy Swenson has joined Glenwood State Bank as an Agricultural Credit Analyst in the Glenwood location.  She brings with her over 9 years of experience in agricultural credit management and has spent time as a crop insurance agent. 

 

Tracy grew up on a crop farm in Central Minnesota and has Bachelor of Science degrees in Environmental Horticulture from the University of Minnesota, and in Business from St. Cloud State University.  

 

Tracy and her husband have two children: a 2 ½ year old, and a 8 month old.  In her free time, she can be found spending time with her family, reading, and travelling.

 

Glenwood State Bank is a locally-owned, family-owned, and family-operated community bank that has been serving the area since 1907.

 

Published by the Pope County Tribune

 


 

ICBA Community Banker of the Year: The 2017 winners

December 01, 2017

 

Glenwood State Bank president Peter Nelson lives and breathes the golden rule to the benefit of employees, customers and the bottom line.

 

Most community bankers define the difference between their institutions and larger competitors in terms of customer service—usually the service that frontline employees provide to customers.

But for Peter Nelson, president of Glenwood State Bank of Glenwood, Minn., service is not simply about extra hand-holding from branch staff. He believes that the strength of his community bank and his skill as a leader lies in how he serves not just his customers but his employees. “In general, I try to focus on the people versus the bottom line,” Nelson says. “Building [our bank] has been about investing in our people, growing those people and trying to get them to their highest levels.”

 

Nelson’s sharp focus on his people is likely the very reason that the $272 million-asset bank has more than tripled its assets since he assumed leadership almost 12 years ago, nine years and a few months after he joined Glenwood State Bank. This year, employee retention has exceeded an eye-popping 98 percent.

 

A certified public accountant by training, Nelson deduced that his combined “interest in numbers and interest in people [made] community banking a good fit.” He also chose to join the bank to move his family from a large city to a smaller community. His approach to success is simple: He finds the best people he can—those who fit with the bank’s values—and the bank invests in them. Nelson has often moved good employees three or four times to different jobs in the bank to help them find the right fit and keep them on board. “For better performers,” the community bank has even subsidized educational opportunities, he adds.

 

Take, for example, employee Karla Johnson. Johnson was hired in 2006 for a part-time position, but she quickly realized the job would not suit her career aspirations. After expressing these concerns to Nelson, he spent the next year trying her in four different roles at the bank to help her find her dream career path. “He treated me like I mattered and with respect,” Johnson says. “He wasn’t about filling a position at the bank; he was about helping me feel fulfilled.” Johnson is now using her skills as the bank’s vice president of compliance.

 

In November 2015, Glenwood State Bank even created a position for a director of organizational development—unheard of for a bank of its size. For Nelson, it was important to have “someone solely focused on this, whose only job is to grow people.”

 

Since then, Glenwood State Bank has been busy creating more consistent and comprehensive competencies for the various positions at the bank. It has also taken more than a dozen of its employees for off-site training on topics like managing conflict, improving listening skills and having critical conversations.

 

The inclusive, employee-focused culture led by Nelson has helped $50 million-asset Lowry State Bank, a smaller Minnesota community bank that the ownership of Glenwood State Bank acquired about 15 years ago. Instead of simply absorbing Lowry State Bank, Nelson and his team and board decided to keep it as a “sister bank,” allowing it to keep its own identity in the communities it serves while benefiting from being part of a larger operation. “From the beginning, we really, really treated it as one organization,” Nelson says.

 

Nelson hopes technology will help Glenwood State Bank become even more technology-focused—something that could help community banks level the playing field as they face off against larger rivals and nonbank fintechs. “We always want to positively impact the employees and the community, as well as the customer,” Nelson says. “I don’t want to take my eyes off that.”

 

By Karen Epper Hoffman, a writer in Washington state

 


 

ICBA Announces Peter Nelson as Central Region Community Banker of the Year

October 16, 2017

 

Washington, D.C. (Oct. 16, 2017)—The Independent Community Bankers of America® (ICBA) announced that Peter Nelson, president of Glenwood State Bank in Glenwood, Minn., is the Central region winner of the association’s 2017 Community Banker of the Year award. This annual award recognizes the exceptional work and commitment of individual community bankers and their dedication to local communities.

 

“We are pleased to honor and recognize Peter Nelson as the Central region winner of ICBA’s Community Banker of the Year award,” said ICBA Chairman Scott Heitkamp, president and CEO of ValueBank Texas in Corpus Christi, Texas. “As a dedicated, driven leader and compassionate and conscientious citizen, Peter’s contributions to his community and the betterment of our industry are to be commended.”

 

Glenwood State Bank’s assets have nearly tripled under Nelson’s direction, and in 2017 it was listed in the top 100 places to work in Minnesota. “For Peter, ‘we care’ is more than a tagline, it’s a way of life and leadership,” said the Glenwood State Bank employee who nominated Nelson for the award. By entrusting staff to do right by customers, they in turn are driven to do their best for the bank and its customers, he said. “Peter puts others first and, without a doubt, puts people before profits.”

 

Volunteerism and community involvement are also passionate pursuits for Nelson, who co-founded Habitat for Humanity of Prairie Lakes in Pope and Stevens counties and created a Fellowship of Christian Athletes chapter at Minnewaska Area High School for grades 7 through 12. Last Thanksgiving, Nelson and his family traveled to the Dominican Republic to deliver supplies and help build a school.

 

Nelson will be featured in the December issue of Independent Banker®, ICBA’s award-winning monthly publication and the number-one source of community banking news for ICBA members. He will also be recognized at the 2018 ICBA Community Banking LIVE® national convention in Las Vegas.
For additional information about community banks, visit www.icba.org.

 

About ICBA

The Independent Community Bankers of America®, the nation’s voice for more than 5,700 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services.

 

Published by the Independent Community Bankers of America

 


 

Glenwood State Bank joins top workplace list

July 10, 2017

 

Glenwood State Bank ranked No. 28 in a list of top small business employers compiled by the Minneapolis Star Tribune. The 150 Top Workplaces list is the result of an annual survey sent to hundreds of businesses in Minnesota and taken by thousands of employees.

 

The small business category consists of companies with 50 to 149 employees. Employees ranked Glenwood State Bank based on leadership, benefits, and the company's strategic direction without knowing the survey's intent.

 

"Glenwood State Bank allows me to work at my full potential," one employee wrote in the survey. Another said "my job makes me feel like I am part of something meaningful."

 

"Our No. 1 asset always has been, and always will be, our employees," President Peter Nelson said in a news release. "Why wouldn't you do all you can to invest in your greatest asset?"

 

Glenwood State Bank has offices in Glenwood, Alexandria and Villard.

 

The Star Tribune published the complete list of Top Workplaces on June 25. Bell State Bank and Bursch Travel were also among the local employers making the list.

 

Published in the Echo Press

 


 

Glenwood State Bank hires new Loan Processor

March 06, 2017

Kinsley Randt

Kinsley Randt has joined Glenwood State Bank as a Loan Processor in the Glenwood location.  She has a Bachelor of Science degree in Finance from Minnesota State University Moorhead, as well as an Associate of Arts degree from Alexandria Technical and Community College.

Kinsley brings with her six years of experience in Customer Service and a Certificate in Banking, which was obtained alongside her Finance degree.

 

Kinsley, a native of Brandon, MN, has two sisters and loves playing volleyball and softball, boating, travelling, and spending time with friends and family.

 

Glenwood State Bank is a locally-owned, family-owned, and family-operated community bank that has been serving the area since 1907.

 

Published by the Pope County Tribune

 


 

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