Bank Iowa in West Des Moines found an outsider to become its next leader.
The $2.4 billion-asset bank said in a press release that Jason Herrboldt will become president and CEO. Herrboldt, chief banking officer at First Bank & Trust in Brookings, S.D., will succeed Jim Plagge, who is retiring.
Plagge, who has been president and CEO since 2012, will remain in a leadership role at the bank’s holding company.
“Jason’s journey, from his rural roots to leading in community banking, reflects a deep, authentic connection to people and communities,” Plagge said in the release. “He recognizes that what we’ve built at Bank Iowa is something to be honored and strengthened. His commitment to earning trust, practicing accountability and applying a ‘one team’ mindset makes Jason the right leader to carry our purpose forward.”