The Fuller family is again running a bank in Dubuque, Iowa.
Capra Bank is set to open next month in the city after an investor group bought and relocated the $62 million-asset Peoples Savings Bank in Montezuma, Iowa, according to the Telegraph Herald.
Capra’s chairman and CEO is Lynn “Tut” Fuller. His brother, Thomas Fuller, serves on the bank’s board. They are the sons of Lynn Fuller, former chairman and CEO of Heartland Financial USA, which recently moved its headquarters from Dubuque to Denver.
The elder Fuller recently left Heartland’s board after a public disagreement over the company’s strategic direction.
Fifteen employees of Heartland’s Dubuque Bank & Trust, including Tyson Leyendecker, recently left to join Capra, the Telegraph Herald reported. Leyendecker, who was Dubuque Bank’s president and CEO, was named Capra’s president.
Drew Townsend was named to succeed Leyendecker at Dubuque Bank.
“Our version of banking, Capra’s version of banking, is a relationship-based bank, and you need great bankers to do that,” Tut Fuller told the publication.
“We have always had a client- and community-centric vision since we decided to start out on this adventure,” Fuller added. “To do the best things for your clients and your community, you have to have great bankers that are empowered and work together as a team, that can actually make great decisions.”
Tut Fuller, a former Heartland regional president and former president and CEO of Dubuque Bank, left the company last year.