ABA Banking Journal - April 2012 - (Page 52)

First person | jay randall Fruitful diversion Iowa CEO knows good things come to those who wait When Jay Randall isn’t punching numbers, he may be pushing corks into bottles. For the past six years, the CEO of the $98 million-assets Community Bank of Dunlap, Iowa, has been making, drinking, and sharing his own wine. “I got into winemaking because my wife and I started enjoying drinking wine,” says Randall, who took his enjoyment a step further when he joined the Schleswig Wine and Bier Club, based in the nearby western Iowa town of Schleswig. The club has been meeting for almost 40 years, and offers enthusiasts the chance to sample different wines and discuss the winemaking process. It was here that Randall Community bank CEO Jay Randall (r.) tied for Best of Show honors for his Maldiscovered the art of home winebec wine with fellow Schleswig Wine Club member Tom Russell (l.). Randall also making and became hooked. makes wine from home-grown fruit. Others use jalapenos and green tomatoes. After an initial investment in some equipment, Randall began with a Malbec kit wine in 2009. buying wine kits, which include a pre-packaged bag of concentrated juice, a In six years, the banker has made set of instructions, and the necessary chemicals for fermentation. more than 1,400 bottles. With all In a bucket with an air-lock lid, Randall mixes these contents with water these bottles, are there many regulain his kitchen and then leaves the mixture to ferment for a week in his basetions to worry about? Luckily, no. ment. He then transfers the juice into a carboy (a glass or plastic jug)—leavUnlike the banking industry, home ing the sediment that has settled at the bottom of the bucket. This “wait and winemaking only has one real regutransfer” process repeats until the sediment is gone and the wine is clear. lation: A household of two or more Randall also makes wine from fresh fruit, which requires more work at the adults is allowed to make up to 200 beginning to press, puree, or steam the juice out of the fruit. gallons of wine a year. The wine can take anywhere from four weeks to six months or longer to Randall still gives much of the complete. “I call it my ‘hurry up and wait’ hobby,” he says. wine away to fundraisers, people When a batch of wine is ready, he bottles it using a floor corker and affixes who provide him with fresh fruit, personal labels, which feature an image of his wife’s handmade, wine-themed and vendors at the annual Iowa quilt. Each kit makes about 30 bottles, and Randall often has multiple kits Bankers Association meeting. fermenting at once. For Randall, it’s just a matter of After making wine from grapes, raspberries, cherries, elderberries, and sharing the fruits (literally) of somemore, Randall has favorites. His Chocolate Raspberry Port and Blueberry, thing he enjoys. “We all need some Pomegranate, White Merlot are two of his preferred kit-made wines. He also kind of diversion to take us away enjoys cherry wine made from cherries on his sister’s tree. Others agreed from the stresses of work,” he says. because the cherry wine tied for the prize in the Reserve Wine category at —Ashley Bray, freelance writer Schleswig Club’s annual contest in 2010. Randall also tied for Best of Show 52  |  ABA BANKING JOURNAL  |  april 2012

Table of Contents for the Digital Edition of ABA Banking Journal - April 2012

ABA Banking Journal - April 2012
Contents
Chairman’s View
Editor’s Column
The Economy
Bank Notes
Picture This
Young CEOs: Our turn
Pass the Aspirin
Tech Topics
What is your appetite for risk?
Top-performing big banks
Compliance Clinic
Compliance Inbox
ABA Resources
Legal Issues
First Person

ABA Banking Journal - April 2012

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