Jim Amundson
BLOOMINGTON, Minn.,—United Bankers’ Bank (UBB) and its holding company United Bankers’ Bancorporation has appointed Jim Amundson CEO and Jen Severson President.
Jim Amundson joins UBB with a remarkable career dedicated to community banking. Most recently, Jim served as President and CEO of BankIn Minnesota, where he has been a strong advocate for Minnesota’s community banks since 2016. Before his time at BankIn Minnesota, Jim spent 25 years as a community banker. He was the founding CEO of First Advantage Bank, a de novo bank launched in 2003. Under Jim’s leadership, First Advantage successfully navigated the startup phase, the challenges of the Great Recession, recovery and, ultimately, a merger with another community bank in 2015.
Jen Severson
Jen Severson has more than 23 years of banking experience, four of which as UBB’s Chief Financial Officer. Prior to joining UBB, Severson was the Chief Financial Officer and Chief Operating Officer at Stonebridge Bank, supporting the bank through its acquisition by American National Bank where she continued as the Senior Vice President and Senior Director of Minnesota Credit Strategy. Her banking career has also included roles in client service, credit, and commercial real estate lending in Minnesota, Colorado and Massachusetts.
“In addition to welcoming Jim, we are pleased to announce that Jen Severson will be assuming the role of President of United Bankers’ Bank,” said Jae Evans, Interim President and CEO of United Bankers’ Bank. “Jen has been an integral part of UBB’s executive leadership team, and her promotion reflects both her exceptional contributions and the confidence we have in her continued leadership.”
“We, along with the Board of Directors, are confident that Jim and Jen are the right individuals to lead UBB,” said Curt Johnson, Chairman of the UBB Board of Directors and President of Cherokee State Bank in Cherokee, Iowa. “Their combined experience, deep understanding of community banking, and commitment to UBB’s mission position us well for continued growth and success in the future.”
Scott King-Ellison
UBB has also appointed Scott King-Ellison Director of ALM Strategy to the Asset Liability Management (ALM) Team. Scott joins UBB with over 15 years of experience working with financial institutions in asset liability management, interest rate risk management and fixed income portfolio. He holds a Bachelor of Business Administration in business management and finance from the University of Minnesota – Duluth, and is a certified blockchain expert.
“Scott’s experience working with community banks with their asset liability management needs directly aligns with UBB’s business model,” said Ben Eskierka, Chief Investment Officer, “his vast knowledge of ALM strategies and technical skills will bring our ALMEdge and ALMEngineer products continued success.”
“We are delighted to welcome Scott to United Bankers’ Bank,” commented Jae Evans, Interim President & CEO, “His experience in asset liability management will enhance the knowledge and service our customers have come to expect of UBB.”