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Seasoned banking veteran to lead organization’s banking, mortgage and insurance business lines
Minnwest Bank today announced Ivan Van Essen is assuming the combined role of of Bank President and Chief Executive Officer (CEO). In this elevated role, Ivan will assume CEO duties and continue leading Minnwest Bank’s core business lines including Agriculture and Commercial banking, Retail banking, mortgage sales and operations, and Minnwest Insurance Agency, Inc.
Van Essen joined Minnwest Bank in 1998, serving as Director of Agriculture Banking and Lending and later as Chief Lending Officer and also President. He previously was a Chairman of the Board of Directors at Security Bank in Sioux Falls, South Dakota. Ivan has held leadership roles in the banking sector for over 35 years.
“Ivan has already demonstrated his ability to make sound decisions and exhibits our core values in his leadership of the bank and business line teams,” said Todd McVay, President and CEO of Minnwest Bank Group. “He has proven himself an effective leader and creative banker, and I expect the company to continue to grow and prosper under his direct leadership.”
In his new role, Ivan will serve as a Director of the Minnwest Bank Board of Directors. He will serve on credit, managerial, risk and executive committees of the bank.
Ivan is a graduate of the Minnesota Executive Program at the Carlson School of Management Executive Development Center, and also of the Executive Development Institute for Community Banks at the Graduate School of Banking in Colorado.
Ivan assumes the roles previously held by Doug Karsky, who is transitioning to a newly created Senior Advisor role. “Throughout his 40-year career at Minnwest, Doug has made many foundational contributions to our success,” said McVay. “We are grateful for his contributions and look forward to working with him as transitions from a managerial to an advisory role.”
