Independent Banker - December 2017 - 36
Next generation-Glenwood
State Bank CEO Peter Nelson's penchant
for investing in people extends to youth
as well as his employees. Right: Nelson's
Fellowship of Christian Athletes exploring
Montana. Below: Nelson stands with
children during his most recent mission trip
to the Dominican Republic.
to different jobs in the bank to help them find the right
fit and keep them on board. " For better performers, " the
community bank has even subsidized educational opportunities,
he adds.
Take, for example, employee Karla Johnson. Johnson
was hired in 2006 for a part-time position, but she quickly
realized the job would not suit her career aspirations.
After expressing these concerns to Nelson, he spent the
next year trying her in four different roles at the bank to
help her find her dream career path. " He treated me like
I mattered and with respect, " Johnson says. " He wasn't
about filling a position at the bank; he was about helping
me feel fulfilled. " Johnson is now using her skills as the
bank's vice president of compliance.
In November 2015, Glenwood State Bank even created
a position for a director of organizational development-unheard
of for a bank of its size. For Nelson, it was
important to have " someone solely focused on this, whose
only job is to grow people. "
Since then, Glenwood State Bank has been busy creating
more consistent and comprehensive competencies for the
various positions at the bank. It has also taken more than
a dozen of its employees for off-site training on topics like
managing conflict, improving listening skills and having
critical conversations.
The inclusive, employee-focused culture led by Nelson
has helped $50 million-asset Lowry State Bank, a smaller
Minnesota community bank that the ownership of Glenwood
State Bank acquired about 15 years ago. Instead of
simply absorbing Lowry State Bank, Nelson and his team
and board decided to keep it as a " sister bank, " allowing it
to keep its own identity in the communities it serves while
benefiting from being part of a larger operation. " From the
beginning, we really, really treated it as one organization, "
Nelson says.
Nelson hopes technology will help Glenwood State Bank
become even more technology-focused-something that
could help community banks level the playing field as they
face off against larger rivals and nonbank fintechs. " We
always want to positively impact the employees and the
community, as well as the customer, " Nelson says. " I don't
want to take my eyes off that. "
Karen Epper Hoffman is a writer in Washington state.
Peter Nelson
President, Glenwood State Bank
Location: Glenwood, Minn.
Asset size: $272 million
Founded: 1899
Website: glenwoodstate.com
36 ICBA Independent Banker December 2017
http://www.glenwoodstate.com
Independent Banker - December 2017
Table of Contents for the Digital Edition of Independent Banker - December 2017
Table of Contents
Independent Banker - December 2017 - Intro
Independent Banker - December 2017 - Cover1
Independent Banker - December 2017 - Cover2
Independent Banker - December 2017 - Table of Contents
Independent Banker - December 2017 - 2
Independent Banker - December 2017 - 3
Independent Banker - December 2017 - 4
Independent Banker - December 2017 - 5
Independent Banker - December 2017 - 6
Independent Banker - December 2017 - 7
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Independent Banker - December 2017 - Cover3
Independent Banker - December 2017 - Cover4
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