News Blog

Decorah & Cresco – February 21, 2017

Greetings!  The books are closed for 2016 and we just finished preparing thousands of tax notices for interest paid and earned. 2016 was a solid year for the bank. Following are some highlights.

If you look around town there is quite a bit happening! The Bank is an active partner in many of the projects you see. These projects don’t happen without entrepreneurs with a vision and a willingness to put their capital at risk.  We are proud to support these projects and their owners investing in their future.

The basics of banking haven’t changed. We gather deposits from many and lend those out to people, businesses and farms. The spread between what we earn and pay is our margin. Our margin covers our overhead and risk and provides a profit. We also earn fees from managing money and other assets and underwriting and servicing home loans. We were fortunate to grow a little in all areas in 2016 which is healthy growth.

Agriculture is a big part of our local economy and our farmers are working through a second year of low commodity prices which slows their spending and investing. There is no telling how long a down cycle will last. Factors include weather, global trade, politics and more. We’re having lots of productive discussions with our farm customers about how to adjust through this cycle.

The Bank saw many big projects in 2016. We re-issued over 7,000 debit cards featuring the new chip technology.  This was an important project for us because it is a more secure way of using debit cards. This should help protect our customers and the bank by reducing fraud cases and loss. Of course fraudsters are adapting and have found new ways to commit financial crime. It’s a good idea to remain vigilant in who you trust. We’re here to help!

A logo refresh and new website was another undertaking for us last year. Our classic diamond has served us well and now we added a little color for more energy and combined the look in both Decorah and Cresco. This move provides us some efficiencies and a combined website. Decorah Bank and Cresco Bank are one, but each proudly carries the name of the community it serves which we think is important.

We thank you for banking with us. We know there are many options for banking and financial services. Just like shopping locally stimulates our community, provides jobs and supports families, so too does banking locally. We employ over 90 employee-owners (through an Employee Stock Ownership Plan) who are active in our community.

In 2017 we will bring you real-time technology, mobile payments, two more ag bankers offering crop insurance, an expanded home mortgage team offering mobile and online application technology, and continued wealth management services.

Our doors are always open! We recognize the ease and speed of electronic banking and communication, but know that there will always be a live person here ready to greet you with a smile.

Thanks again and we wish you a healthy and prosperous 2017!

In the Driftless Area & beyond

Decorah & Cresco – January 20, 2017 – Buying and maintaining a home is a big deal. It’s quite the commitment. Feel confident knowing that we offer a knowledgeable team of eleven employee owners to support you during the life of your loan. We’ll have you relaxing with your favorite beverage on your comfy couch in your new home before you know it.

Do you like the tech approach? We are equipped with online mortgage application technology, backed by our team of bankers, making the home financing process more convenient for you.

Call, stop in, or apply online!

Mortgage Team: Dorothea Dahlen, Emily McConnell, Mike Huinker, Laura Schmauss, Becky Mitchell, BreeAnn Hageman, Jody Roberts, Muriel Lensch, Joe Grimstad, Rachel Kemp, Ruth Schraeder

That’s right, not one, but two open houses happening this week!

Reagan Barta will perform at Decorah Bank December 22, 2016

Decorah Bank & Trust’s Christmas Open House is 9-4 on Thursday, December 22nd. You’ll be treated to homemade treats and hot cider all day long. Pianist Reagan Barta will play from 2-4 pm. Reagan is a 22 year old freelance musician that has 10 years of performing experience. Reagan is an advanced level pianist and improvisationalist who is trained and an experienced performer in multiple genres and is classically trained with an emphasis in Romantic time period music. He has composed and arranged multiple pieces for both voice and instruments. Reagan has also trained and received lessons under multiple master class pianists, the most nifty being Frank Sinatra’s. Then, at 4 pm, the children that won the Christmas Coloring Contest will gather for a photograph and collect their cuddly teddy bear.
Cresco Bank & Trust is offering a week-long celebration with cookies and coffee. Pop in anytime! Plus, for every signature we collect in our guestbook we will donate $1 to the Howard-Winneshiek Service Learning Committee. This committee provides clothing for children in need. Join us!

Julie with one of Decorah Bank’s ITMs which also functions as an ATM

Decorah – December 20, 2016 – Now you can have the best of both worlds when it comes to doing banking transactions with your money. You may be familiar with the two Interactive Teller Machines (ITMs) at Decorah’s main location drive-thru on Water Street. These ITMs offer a live teller on the screen to help with your transaction. Now you get to choose if you want ITM or ATM functionality during business hours. After business hours these two machines will work as the ATMs most people are accustomed. Stop by and give our ITM/ATMs a try.

Cresco – October 25, 2016 – Greetings from Cresco Bank. This picture was taken by Zahasky Photography in October 2016, they really know their way around a camera, wouldn’t you say?

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Cresco – October 13, 2016 – Here’s someone you should get to know. Kaitlyn Otteson joins us as a personal banker. Kaitlyn has nearly two years of experience in customer support and as a banking assistant for the lending team at our Decorah location. Help us welcome Kaitlyn to Cresco and stop in to say hello!dsc_0054

Decorah – November 10, 2016 – Do you remember the song, “Our house”, Madness © 1982? On November 9, 2016, there was literally a house in the middle of the streets of Decorah. We secured a buyer for our big blue gem that retains its original wood work, charming character and great “bones”. We are excited to tell you that the new owner has successfully moved this soon-to-be restored beauty from Riverside Avenue to Mechanic Street and will give it new life. This exciting project will give new purpose and usefulness to this old home, will keep it out of the landfill, and keep it in our community’s much-needed housing inventory.

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Decorah-October 5, 2016 – A warm welcome to Jody Roberts, pictured 3rd from left, who joins the Decorah team with 27 years of banking experience! She’s now a part of the leading mortgage lending team in the region. If you talked with Jody you’d quickly see how she embraces top-notch customer care and commitment to community. Decorah Bank knows that being a part of something great doesn’t just happen, it requires hiring and retaining the brightest and best employees. Whether you’re just beginning your career, or taking it to the next level, stop by to pick up an application or drop off your resume – we just might have the right career for your future.

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dougvanslotenwpDecorah – October 3, 2016 – Maybe you remember him as a football player at Iowa State University back in the day or by his contributions to the Decorah Area Chamber of Commerce Board since 2011. Or perhaps you worked with him a time or two during his 30 year career in Ag retail. Chances are, you’ve already met Doug Van Sloten.

Now you’ll find Doug bringing his years of successful leadership in long-range planning initiatives, fiscal management, expansion projects, and operations to your business or Ag operation as an Ag & Business Banker. If you haven’t met Doug, be sure to say hello. This “new guy” enjoys talking football, family, weather, farming, and business with the best of ‘em. To make an appointment with Doug Van Sloten and/or any of our Ag & Business Bankers, call 563.382.9661 (Decorah location) or 563.547.2244 (Cresco location).

 

Decorah – August 29, 2016 – We are now offering the availability of low interest customized loans for those affected by the August 23/24 2016 flooding in Northeast Iowa. This flood loan could apply to items like a new furnace, water heater, carpet, construction materials, etc. Call us at 563-382-9661 or 563-547-2244, or apply here https://decorahbank.loanwebcenter.com/Account/Login?ReturnUrl=%2fApplyNow – comment “FLOOD16” so we can quickly get help to you. We extend our sympathies to all of those that have suffered great loss. FDIC/Equal Housing Lender

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