Local Bank Announces Changes to Board of Directors
Rochester, Minnesota • 5.23.16 – Home Federal Savings Bank recently elected two new members to its board of directors. Both have achieved very successful careers in the region. Home Federal welcomes (retired) financial consultant Michael A. Bue, and Kwik Trip Director of Real Estate Hans K. Zietlow. Michael A. Bue brings over 40 years of experience in the financial services industry – including extensive involvement in executive bank management and credit administration – to the board, while Hans K. Zietlow offers over 17 years of experience in real estate acquisition, development, and growth.
Mr. Bue most recently served in a consulting capacity to a variety of community banks. Prior to that, Mr. Bue was the President and Chief Executive Officer of a commercial bank in Lewiston, Minnesota from 2008 until 2011. In addition, Mr. Bue served as a Market President and then the Senior Vice President and Corporate Director of Business Banking for First Federal Capital Bank from 2002 to 2004. He was the President and Chief Executive Officer of Marquette Bank Rochester, a commercial bank, from 1995 to 2002, and was the President and Chief Executive Officer of St. Cloud National Bank and Trust Co, St. Cloud, Minnesota, from 1985 to 1995. Mr. Bue previously served as a member of the board of directors of the Rochester Area Community Foundation, the Rochester Area Chamber of Commerce, the Gamehaven Council of the Boy Scouts of America and Rochester Economic Development Inc. He will bring extensive experience in executive bank management and credit administration to the board. In addition, Mr. Bue’s many years in a variety of community bank settings give him a unique understanding and perspective of community banking for the board and the company. Mr. Bue has been an active leader in the Rochester, Minnesota community and brings to the board a strong appreciation of that community’s strengths, its leaders, and the opportunities the market provides for the company.
Mr. Zietlow is the Director of Real Estate for Kwik Trip, Inc. retail convenience stores, which consists of over 475 sites in Minnesota, Wisconsin, and Iowa. In that role, Mr. Zietlow has overseen the development of all Kwik Trip real estate since 2002. Since 2003, Mr. Zietlow has been the Director of Development for 3 Northwest Investments, a real estate development firm. Mr. Zietlow has been in sales for Northwest Realty, Inc., a real estate brokerage, since 2004. Mr. Zietlow has 17 years of senior executive experience in the evaluation, execution and acquisition of commercial real estate development and growth strategies. Mr. Zietlow will bring to our board a keen industry knowledge of intrastate and interstate business, operations, and collaboration with multiple local governmental tribunals as well as an understanding of successful real estate growth strategies.
Mr. Bue and Mr. Zietlow replace outgoing board members Michael J. Fogarty and Malcom W. McDonald who have reached the end of their term limits. Michael J. Fogarty has been a director of the company since 2002. His career in the insurance industry, spanning over 40 years, has been instrumental in the board’s identification and oversight of company risks. Malcolm W. McDonald has been a director of the company since 2004. With a 42-year career in financial services management and commercial real estate, McDonald brought to the board extensive knowledge in lending, investing and audit functions, as well as a deep understanding of the importance of the role of banking in a community.
“Mr. [Michael J.] Fogarty and Mr. [Malcolm W.] McDonald have been tremendous assets to our board and will most certainly be missed,” says Brad Krehbiel, President/CEO of Home Federal. “We are grateful for the knowledge and insight they’ve shared, and wish them nothing but the best as they move forward.”
In further news, Home Federal would also like to extend a welcome-back to Dr. Wendy S. Shannon who has served on the Board of Directors since 2013, and will continue to offer her leadership and education experience to the Board for another three-year term. Dr. Shannon has 40 years of extensive experience as a leader in nonprofit, government and education settings in the Rochester area. She has management, process, strategic planning and human resource skills that contribute to strengthening organizations and the community.
Home Federal Savings Bank is a local community bank headquartered in Rochester, MN with thirteen full-service offices in Minnesota and Iowa. Home Federal provides individuals and businesses with a full range of banking and investment services. Home Federal is a member of the FDIC and an equal housing lender. To learn more about how you can “Bring your banking home,” visit JustCallHome.com.
