Management Changes at Dacotah Bank

Aberdeen, SD – Joe Senger, Dacotah Bank’s president and chief executive officer, announced several changes to the company’s management team effective with the New Year. The company’s four geographical regions have been condensed to three and a new management position, chief financial services officer, has been created to lead the bank’s insurance, trust and wealth management, marketing, sales and card services, and mortgage departments.

The firm’s executive vice president and general counsel, Robert Fouberg, will assume a new level of responsibility according to Senger. “Robert will provide leadership to Dacotah Bank’s three regional presidents, the new chief financial services officer, and the bank’s chief credit officer. He has proven to be a good leader, thoughtful listener, and strategic thinker. Dacotah Bank will continue to perform well with Robert in his new role.”

Rob Keil, formerly Dacotah Bank’s senior vice president credit administration, will become the company’s senior vice president and chief credit officer. His team is responsible for the oversight of the bank’s lending services and its $1.8 billion in loans to local businesses, Ag producers, and individuals throughout the bank’s trade area.

Brad Moore of Aberdeen will continue to serve as regional president for the Mid-Dakota markets of Aberdeen, Faulkton, Lemmon, Mobridge, Sisseton, Webster and their affiliated branches. Dan Vollmer of Minot, ND will continue as regional president for the company’s Northern markets of Dickinson, Jamestown, Minot, Rolla, Valley City, and their local branches. Dacotah Banks in the organization’s third region consisting of Brookings, Clark, Rapid City, Sioux Falls, Watertown, SD and Morris, MN and their branches will be led by Dave Bangasser of Sioux Falls, Southern regional president.

In his announcement to bank employees and board members, Senger introduced Rick Rylance as the new senior vice president and chief financial services officer. Rylance has been the bank’s regional president for the Western region and will be relocating from Rapid City to Aberdeen, the company’s home office. Responsibilities for the Western region banks have been assumed by the three regional presidents.

“Rick has been a road warrior for Dacotah Bank,” Senger said. “He started his career in Aberdeen in the operations department while attending Northern State University. He has worked at Dacotah Bank in Lemmon and has been a bank president in Sisseton, Webster, and Rapid City. He was born and raised in Aberdeen so it’s good to welcome Rick and his wife Rhonda back home.”

As chief financial services officer, Rylance will lead the team of Aaron McCardle, senior vice president insurance; Steven Schaeffer, senior vice president trust and wealth management; Paul McDonald, vice president marketing; Kevin Burckhard, director of sales and card services; and Peggy Lunzman, director of mortgage banking.

Chad Bergan, a long-time member of the senior management team will continue to serve as senior vice president and chief financial officer. Bob Compton, another long-time member of the senior team managing human resources, will become senior vice president and chief talent officer. Along with Bergan and Compton, others reporting directly to Senger will be Fouberg and Mike Hollan, senior vice president and chief operating officer.

Among the changes announced by Senger, Hollan’s new operations team will include Kristen Fauth, senior vice president risk management; Diana Pfister, senior vice president compliance and credit operations; Bob Christensen, director of deposit operations; and Chad Ringgenberg, director of information technology.

Senger assured employees and board members he looks forward to a long future at the helm as CEO and president. “Succession planning is vital to the continuity of our organization and these management changes have been made to support Dacotah Bank’s profitable growth as a community bank.”

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not FDIC Insured.