News Blog

Harold Noe retires from Cresco BankJune 7, 2019 – Cresco – Ag Banker Harold Noe will retire from Cresco Bank on June 27, 2019. Please join us for a retirement open house in honor of Harold from 2 – 4 pm on Friday, June 14, 2019, in the Cresco Bank lobby. Everyone is invited to stop by and enjoy this celebration of our friend and colleague.

“We are honored that Harold spent his banking career with the Bank, and we congratulate him on his retirement,” said Cresco Bank President, Donna Thomas.

To Harold: Thank you for your years of hard work and dedication. We wish you an amazing retirement with years of enjoyment to come!

For business and ag banking assistance, visit with Brendon, Andy, or Donna at our Cresco location.

Brett Van Sloten, financial advisor

Former Decorah resident is new to the Bank, but not new to financial planning

June 6, 2019 – Decorah & Cresco – Brett Van Sloten recently joined Decorah Bank & Trust as a financial advisor. Brett is a 2009 Decorah High School Graduate. He graduated from the University of Iowa with a B.A. in 2013. While attending the U of I, Brett was a football student-athlete and served as an active I-Club liaison for the College.

Meet the new guy

When we asked Brett to compare some of the lessons he learned in college football with those of being a financial advocate for people; without pause, he stated that it’s all about having the desire to build relationships and offer solutions for people. Brett said, “First, I have to fully hold myself accountable, by that I need to be one hundred percent focused on helping people (and team) reach their vision. It’s a big deal to me personally.”

In good company

Justin Gullekson, Tracy Dostal, Jason Soland, Julie Luzum, and a full-time support team assists Brett in his mission to help people accumulate, preserve, and transfer their wealth. Over 80 Bank employees are also at the ready to assist customers.

It’s a family affair

Brett and his wife, Samantha (Cuvelier) are moving from northwest Iowa, where he had a great working experience with an organization as a financial advisor. Samantha also grew up in Decorah and is educated as an elementary school teacher. Brett’s father, Doug Van Sloten, works as an ag & business banker at the Bank.

In his free time, Brett enjoys playing and watching golf and football and being outdoors with family and friends.

Learn more about the new guy

You can learn more about Brett Van Sloten by visiting our Wealth Management area or by calling 563-382-9661 or 563-547-2244.

 

Ice Cream1 – 3 p.m., Friday, June 7 – Sugar Bowl at Decorah Bank’s downtown location

May 28, 2019 – Decorah – Nothing says “School’s Out for Summer” like ice cream! Come to our downtown Bank location for a free scoop of Sugar Bowl Ice Cream between 1 – 3 p.m. on Friday, June 7th. Decorah Bank & Sugar Bowl want to celebrate everyone in the community; especially kids, and June Dairy Month. Look for us on the corner of State & Water Streets, or inside Decorah Bank if the weather isn’t ideal. This is also a great time to learn about Sugar Bowl Ice Cream’s new catering services.

 

Join us to celebrate KIDS | COMMUNITY | JUNE DAIRY MONTH | FREE ICE CREAM | BUSINESS PARTNERSHIPS | SUMMERTIME FUN!

ScholarshipNight 2019May 17, 2019 – Decorah – Billionaire investor Warren Buffet says, “The best investment you can make is in yourself. Your health, your education, and your relationships.”

Seniors, you are all making large investments in yourselves by continuing your education.  The return you get on this investment is largely dependent on you.  What you learn, relationships you build, habits you form, and what kind of person you become.

On May 8th, Joe Grimstad, Executive Vice President of Decorah Bank & Trust Co., presented three seniors of Decorah High School with the Decorah Bank & Trust Scholarship.

Congratulations to Mazzi Hanson, Sophia Maguina, and Jenna Raddatz who were the recipients of the scholarship.

What an exciting time in life – best of luck to you!

 

A visit to South Winneshiek Middle School

Kay

May 1, 2019 – Decorah – We are huge fans of financial literacy in schools. Students who learn personal finance principles early have the most time to apply what they learn before taking on the responsibilities of adulthood. That’s why we enjoy offering financial education literacy programs in area schools to teach basic money management concepts of saving, understanding debt, investing, and giving. We want to help parents, educators, and students by empowering student-learners to make safe, smart, and informed financial decisions. We know that these young people are gaining essential money skills that they will need in their daily lives.

Kay & LauraRecently personal banker Kay Erdman and financial education coordinator Laura Ode visited with students at South Winneshiek Middle School about the importance of getting in the habit of budgeting, saving regularly, spending wisely, and protecting their identity. The 8th-grade class recently completed Decorah Bank sponsored financial literacy program called “How To Do Your Banking” – one of three fi-ed programs that the Bank sponsors. Students had well-thought-out questions and demonstrated a desire to learn how to manage their money instead of letting money manage them. Thank you South Winneshiek Middle School – keep doing great things!

Do you want to learn about money management? Visit our financial education resource library.

 

May 1, 2019 – Decorah & Cresco – Congratulations to the winners of the Easter coloring contest!  Thanks to all of the children that participated. You really know how to make our lives more colorful!

DBT coloring contest winners

CBT coloring contest winners

April 24, 2019 – Important Update – We received word from Federal Home Loan Bank of Des Moines that grant fund applications came in so quickly that grant money is already exhausted. Grant funding was only available to a handful of selected banks, Decorah Bank and Cresco Bank was fortunate to be chosen. Our home mortgage team was able to help some area individuals with grant funding to help offset their homebuying expenses. Please contact our home mortgage team if you want to learn about other financing options or if you want us to contact you when our Bank is the recipient of grant funds in the future.

April 23, 2019 – Decorah & Cresco – A new $7,500 homebuyer grant is now available for qualifying homebuyers at Decorah Bank & Trust and Cresco Bank & Trust.Homeownership within reach

Through a grant partnership with the Federal Home Loan Bank of Des Moines, Decorah Bank & Trust and Cresco Bank & Trust is offering funds to assist homebuyers whose annual incomes are at or below 80 percent of the area median income.

“We are excited that our Bank was chosen to bring this program to homebuyers in Winneshiek, Howard, and surrounding counties,” commented home mortgage banker Laura Schmauss. “The grant funds provide additional resources to area low-income homebuyers to help them purchase a home that may have otherwise been out of reach.”

Mike Huinker, home mortgage banker, added “For some people, a down payment is a barrier that can delay or prohibit the dream of homeownership. This $7,500 grant will assist in breaking down that barrier and help convert renters into homeowners. If you are in the market to buy a home, yet concerned about affordability, contact our home mortgage team. You will learn about grant qualification requirements and a homebuyer education class.”

Homebuyer grant program guidelines are available by contacting the home mortgage team at either Bank location. Call 563-382-0091 or 563-547-2244 for details on how to take advantage of this valuable program.

Equal Housing Lender

Jordan RueApril 10, 2019 – Cresco – Jordan Rue of Cresco Bank & Trust has successfully completed the Iowa Bankers Association Consumer Credit School recently. The school is an intense program sponsored by the Iowa Bankers Association (IBA). The purpose of the IBA Consumer Credit School is to prepare consumer credit personnel who want to broaden their consumer credit knowledge as consumer credit bankers. This is accomplished by developing a better understanding of the consumer credit function, deepening the comprehension of the managerial aspects of consumer credit operations and developing and refining skills necessary to meet the credit needs of their customers.

Jordan joined Decorah Bank & Trust in March of 2016 where she began her banking career at the Hospitality Desk, and then became a Teller in the summer of 2016. In July of 2017 she was excited about advancing her career to work as a Personal Banker at Cresco Bank & Trust. Her major responsibilities as a Personal Banker involve meeting with customers and discussing their financial needs. When asked what she likes most about her career as a Personal Banker, Jordan states, “I love that every day is different! It really makes me happy when I can help a customer and see their lives change because of a new opportunity they wouldn’t have had without banking at Cresco Bank.” Jordan studied Hospitality Management at Kirkwood Community College and she enjoys watching movies with her husband and their family dog, Bubba.

If you need a personal loan, see Jordan.