Minnesota Bank & Trust Hands Reins to Former Wells Fargo Exec
Edina-based Minnesota Bank & Trust has named Stephen Bishop president and CEO.
An MBA graduate from the U of M’s Carlson School of Management, Bishop spent the last 27 years working for Wells Fargo. In June, he joined Minnesota Bank & Trust as executive VP and head of commercial banking.
“Since joining our team, Steve’s collaborative leadership style [and] track-record of delivering positive results fulfilled our leadership vision for Minnesota Bank & Trust,” said Steven Ward, executive VP and regional president for Heartland Financial USA Inc., the bank’s parent company.
Outside of the office, Bishop previously served as president of the Turnaround Management Association, a non-profit that helps out with corporate restructuring.
As CEO, Bishop succeeds Ken Brooks. Founded in 2007, Minnesota Bank & Trust now reports more than $719 million in assets. Dubuque, Iowa-based Heartland Financial asked Kate Kelly — then a region president for Bremer Financial Corp. — to lead the new venture. Kelly, who was honored with a TCB Women’s Leadership Award, left the bank in 2016 to work for PNC.
In 2017, Heartland Financial bought Minnetonka-based Signature Bank for about $53 million and folded it into Minnesota Bank & Trust, which now operates two branches. Ken Brooks, who led Signature Bank since 2003, became president and CEO of Minnesota Bank & Trust.