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An Iowa bank - West Bank - will soon deposit a loan office in the Med City and it is tapping some local bankers to run it.
While this will be the $1.4 billion community bank's first foray into
the Rochester market, it's CEO is very familiar with the terrain. CEO
Dave Nelson is certainly no stranger to the Med City. Before taking the
reins of West Bank in 2010, he was the president of Wells-Fargo Rochester.
Now after two years in Des Moines, Iowa, he is looking at Rochester to
expand West Bank. And he is recruiting key executives from his old bank
to manage this new project.
"It’s a great win/win for all of us. … We are committed to pursuing
growth opportunities where we can find the talent and strategic fit," he
says. "In this case, we’ve been able to recruit long time Rochester
banker Mike Zinser as our new Market President.”
The plan is to open a loan production office in Suite 100 of 3147
Superior Drive N.W. on March 18. It will be focused on business banking,
though it will also offer treasure management services and home
Zinser was previously a Regional Business Banking Manager for Wells Fargo’s Business Banking division in Rochester.
The other two bankers - Mike Schletty and Michele Sursely - hired to run the new West Bank office are also former Wells-Fargo employees.
Schletty, most recently a senior business banker for Wells-Fargo, will
serve as vice president of West Bank's Rochester time. Rounding out the
team is Sursely, a 32-year Wells Fargo veteran.
“You can’t launch a new initiative like this without a hometown team.
Mike, Mike and Michele have made Rochester their home for years, and
they know the community’s needs,” Nelson says.
The loan office may be just the beginning. West Bank sees a lot of potential in Rochester for its business-focus community bank.
"We see this as a temporary phase…a way to get started," he says, "In
the future, we do envision building a more traditional bank branch in