MidCountry Bank in the News
MidCountry Bank Makes Contribution to Veteran Project Partnership with Rebuilding Together Twin Cities
BLOOMINGTON, MN – (December, 2017) MidCountry Bank has been a longtime partner with Rebuilding Together Twin Cities (RTTC), with contributions of time, talent and financial support reaching back over 12 years. While the partnership between MidCountry Bank and RTTC is not new, the focus of Veteran projects is a first for MidCountry. As part of the partnership, the $50,000 cash donation from MidCountry to RTTC in December provides funding for a home repair projects benefitting Veteran homeowners in need.
Team members of MidCountry are eager to apply the company values of Compassion, Honesty, Integrity, Excellence, and Fairness to a RTTC/MidCountry Bank joint project when it kicks off in the spring. Under the guidance of RTTC program managers, a project site will be selected in the coming months. MidCountry will provide overall project management support, as well as over 400 hours of volunteer work to complete the tasks that will help make life for the selected Veteran better.
Greg Krenz, President of MidCountry Mortgage shares that “MidCountry is honored to have the opportunity to give back to our community through this partnership with Rebuilding Together Twin Cities. Extending our support to Veterans who have given so much to not only their community, but to our Country, is simply the right thing to do.”
Rebuilding Together Twin Cities, an affiliate of Rebuilding Together, Inc., has been preserving and revitalizing homes and communities in the metropolitan area since 1997. Programs provide opportunities for community involvement. Through sponsors and volunteer efforts, Rebuilding Together Twin Cities strives to impact communities and the nonprofit places where neighborhood members gather.
Amy Burma Named Top Women in Finance for 2017
Amy Burma was honored as a “Top Women in Finance” at Finance & Commerce’s award event on November 16. Amy was joined by family, friends and MCB teammates to celebrate with a reception and dinner, followed by the awards presentation.
The growing list of honorees is impressive, comprised of notable women in the finance industry who are making an impact on their professions and in their communities. With Amy joining the ranks of Top Women in Finance, MidCountry is fortunate to have 6 of these extraordinary leaders on our team. Previous MCB honorees include Peggy Franzen, Maureen O’Brien-Wieser, Angie Joyce, Jillian Botz, and Jennifer Schroeder, most of whom were present to support and congratulate Amy.
We are proud to have Amy’s talents on the MidCountry Bank team!
MidCountry Bank Completes Hutchinson Consolidation Plan
HUTCHINSON, MN – (October, 2017) – The long-awaited consolidation of branch facilities is nearing completion for MidCountry Bank. On Monday October 23, 2017 a newly constructed detached Drive Thru will open to the public on the east side of the 200 Main Street, providing 3 lanes of teller service and a conveniently relocated ATM. Services available at the “South” facility (905 Hwy 15 South) will be permanently discontinued following the close of business hours on Saturday October 21 to prepare for the transition.
Hutchinson Planning Commission approved the project plan in April 2016, which involved a land swap and redirection of the alley traffic just east of the current branch office.
Branch Manager Nikki Willemssen shared the positive sentiment she has experienced from Hutchinson customers and residents, “From the beginning, our objective was to improve the convenience services available at our downtown branch. Response in the community has been very positive throughout the project. We are very happy to see this through so our customers can take advantage of the new service options.”
MidCountry Bank Upgrading Sign at Waconia Branch Location
WACONIA, MN – (September, 2017) – Residents of Waconia and those who frequent its business district will soon witness construction activity taking shape at the MidCountry Bank branch, located at 200 East Frontage Road, Highway 5, Waconia. Work begins in September on a new branch sign, and is expected to conclude by early October.
Waconia Planning Commission approved the project plan in August 2017, which includes the removal of the current sign, construction of a new retaining wall and landscape feature, and installation of the newly designed branch sign. A temporary banner will be used to identify MidCountry Bank during the construction phase.
Market Team Leader and Branch Manager Mark Nettesheim commented on the project’s benefit to both the bank and to the community, “MidCountry’s location near the entrance of the business district provides an opportunity to make a positive statement for those visiting our community. We are looking forward to the improvement.”
MidCountry Bank Adding Services to Downtown Branch Location
HUTCHINSON, MN – (August, 2017) – Residents of Hutchinson, and those who frequent the downtown business district, have likely noticed construction activity taking shape at the MidCountry Bank branch, located at 201 Main Street South. Ground broke on a new Drive Up canopy began in July, and is expected to conclude by mid-October.
Hutchinson Planning Commission approved the project plan in April 2016, which involved a land swap and redirection of the ally traffic just east of the current branch office. This approval laid the groundwork for MidCountry to enhance its facility by adding a detached Drive Up with three lanes and improved ATM access.
Branch Manager Nikki Willemssen commented on the excitement this project has generated in the community, “MidCountry’s objective is to improve the convenience and expand services available at our downtown branch. This has been a project under development for some time. We are very excited to get things underway, and even more pleased to be able to offer this enhancement to our customers.”
Progress Minnesota Event Celebrates Innovation and Growth
Minneapolis, MN - (April, 2017) Now in its sixth year, MidCountry Bank was thrilled to partner once again with local publisher Finance and Commerce to sponsor the Annual Progress Minnesota event. This unique program honors those who are driving business and industrial growth and economic development in Minnesota in unique and innovative ways. Congratulations to all of the esteemed honorees, including our customer, King Technology. Thank you for all you do to make our Minnesota communities thrive!
White Bear Lake Chamber Welcomes MidCountry Bank
White Bear Lake, MN – (April, 2017) - MidCountry Bank enjoyed a full house on Wednesday evening, April 5th for the White Bear Lake Chamber of Commerce ribbon cutting ceremony. After several years of operation as a business office rather than a full service branch, it presented a great opportunity to showcase the full service offerings and newly remodeled office space occupying the Birch Lake Professional Building, just off Highway 96. This event officially welcomes MidCountry Bank into the business community.
Branch Manager Jay Geisbauer is a familiar face to many. Jay served on the Chamber Executive Committee prior to joining MidCountry Bank. His opening comments “It’s great to be back in White Bear Lake!” were well received by all in attendance. Chief Operating Officer, Maureen O’Brien Wieser added that, “It’s an important day for MidCountry” referencing our final step to expand our presence in the community with a full suite of banking services. Special mention was also given to Community Business Banker Bob Morse for his long-time commitment to the community through a variety of Chamber and Economic Development roles. Morse maintains his office in the new White Bear Lake MidCountry Bank branch.
MidCountry Bank Announces Nelson Valenzuela as Senior Mortgage Sales Representative
Bloomington, MN – (March, 2017) - Greg Krenz, President of MidCountry Mortgage, announces the newest member of the MidCountry Bank Mortgage team, Nelson Valenzuela. As Senior Mortgage Sales Representative, Valenzuela concentrates on education to break down the obstacles many encounter during their journey toward home ownership. His expertise with a wide range of mortgage options from first time homebuyer programs to portfolio products positions him to find just the right mortgage for each customer.
“Nelson works with many customers for whom English is a second language. He is committed to helping his customers understand and prepare for a successful outcome,” said Krenz. “His broad product knowledge and his ambition to find the right product for each customer make him a great asset to our mortgage team and an outstanding resource for the customer.”
Valenzuela has 13+ years of experience in the mortgage industry, most recently with Movement Mortgage in Eden Prairie, MN.
Legence Bank Signs Agreement to Purchase MidCountry Bank’s Southern Illinois Branches
Bloomington, MN - (February, 2017) - Legence Bank, a wholly-owned subsidiary of the holding company First Eldorado Bancshares, Inc. in Eldorado, IL, signed an agreement, on February 21, 2017, to purchase eight southern Illinois bank branches from Bloomington, MN based MidCountry Bank for an undisclosed sum, pending customary regulatory approval. The branches, located in Benton, Carbondale, Johnston City, Marion Heights, Marion West, Metropolis, Mounds, and Mt. Vernon, have approximately $146 million in deposits. The acquisition and conversion are expected to be complete in the third quarter of 2017, and will bring Legence Bank’s assets to approximately $450 million with a total of 15 branches.
“MidCountry Bank is proud to have served these communities in southern Illinois for more than 12 years, allowing us to develop a number of personal and professional relationships. Maintaining these locations and providing future opportunities for our employees within their respective communities was a driving factor in choosing Legence Bank to purchase these branches.” said Steve Meads, President and CEO of MidCountry Bank.
MidCountry Bank customers of southern Illinois should continue making their loan payments as usual and may continue to access their accounts through MidCountry branches, online, ATMs, checks and debit cards until the branches convert in the third quarter. The banks will send a letter to all impacted customers 30 days prior to the conversion with detailed information to help provide a smooth transition for their banking needs.
As of December 31, 2016, Legence Bank reported nearly $304 million in assets. With the addition of the eight branches, Legence Bank will operate a total of fourteen branches in southern Illinois and one branch in Evansville, IN. Legence Bank is independently owned and community focused, providing individuals, families, businesses and farmers a premier financial institution and state of the art convenient financial products, services and customized solutions. As an Approved Lender for SBA and a Preferred Lender for FSA, Legence is able to make the loan approval process much more efficient and quick for customers. Legence Bank also operates the wholly owned subsidiary American Farm Mortgage & Financial Services. Located in Louisville, KY, AFMFS originates and services over $215 million in agricultural real estate loans nationwide. For more information, please visit LegenceBank.com.
MidCountry Bank is a full-service community bank. It has a 15-branch office network in Minnesota, and Nevada with its headquarters located in Bloomington, MN. MidCountry Bank provides high-quality, diversified financial services and solutions for customers to meet their personal, business, and professional banking needs through its branch network as well as online. To learn more, visit MidCountryBank.com.
FIG Partners is serving as financial advisor and Nelson Mullins Riley & Scarborough is serving as legal counsel to MidCountry Bank. Armstrong Teasdale is serving as legal counsel to Legence Bank.
Kevin Zenk Promoted to Branch Sales Director
BLOOMINGTON, MN - (JANUARY, 2017) – MidCountry Bank has promoted Kevin Zenk to Branch Sales Director over its Retail sales teams, effective January 1, 2017. Zenk joined MidCountry in 2011 as District Sales Manager, managing branch offices that span the Minneapolis metropolitan region. During his tenure, Zenk consistently engaged his teams to lead their peers in sales results and achieve organizational milestones. MidCountry Insurance and MidCountry Investments, affiliates of MidCountry Bank will also fall under Zenk’s leadership in his new role.
Kevin is passionate about investing in people, and building a strong team focused on actions that produce results. Maureen O’Brien-Wieser, COO for MidCountry Bank, commented, “Kevin has managed and led as both a branch manager and district manager during his career, and is eager to move our retail delivery channel forward.”
Kevin has over 35 years of retail banking experience to draw on, with exposure to Community Banking, Regional and large National Bank operations. Kevin is a graduate of Augustana College in Sioux Falls, South Dakota, with a degree in Business Administration. He is an active member of his community, supporting Rebuilding Together – Twin Cities, Face-It Foundation, and other civic and charitable causes.