Executive Management

ANC President & CEO
John P. Nelson
John P. Nelson

Mr. Nelson has served as a Director of the Company since 2013. He was appointed President and Chief Executive Officer of the Company in 2018 after having served as the Chief Financial Officer and Secretary of the Company since 1999. He currently serves as Chairman of the Board of State Bank & Trust Co. and United Bank & Trust and is a member of the board of directors of First National Bank and Iowa State Savings Bank.

ANC CFO
John L. Pierschbacher
John L. Pierschbacher

Mr. Pierschbacher has served as a Director of the Company since 2018. He was appointed Chief Financial Officer and Secretary of the Company in 2018 after having served as Controller since 2008. Prior to joining the Company, Mr. Pierschbacher served as a Director with RSM, US LLP, and as Chief Financial Officer of a publicly traded bank holding company in Iowa. He also currently serves as Chairman of the Board of Boone Bank & Trust Co and Reliance State Bank.

Boone Bank & Trust President
Jeffrey K. Putzier
Jeffrey K. Putzier

Mr. Putzier has served as the President and Board member of Boone Bank & Trust Co. since 1999. Prior to being appointed President, he served as Vice President and Board member of State Bank & Trust Co. in Nevada, Iowa, from 1991 to 1999.

First National Bank President
Scott T. Bauer
Scott T. Bauer

Scott T. Bauer is Chief Executive Officer and President, and a member of the Board of Directors of First National Bank, headquartered in Ames, Iowa. A financial services veteran, Mr. Bauer has extensive experience in leadership roles in numerous aspects of banking. He joined First National Bank in 1986. During his tenure at First National Bank, Mr. Bauer has demonstrated a strong track record in initiating and leading change, driving results and acquisitions, strengthening operational risk and compliance, and innovating amid a rapidly evolving digital landscape.

Mr. Bauer is a graduate of Iowa State University and the Graduate School of Banking, University of Colorado. He is active in the community having served on many boards and committees. Currently, Mr. Bauer is involved with the ISU Alumni Association, serving on the Executive Committee as Vice Chair of Finance; Iowa Bankers Mortgage Corporation; and the Audit Committee of the Center for Creative Justice. In addition to his responsibilities in the Ames, Ankeny, West Des Moines, and Osceola markets, Mr. Bauer plays an extensive role in commercial lending and finding innovative financial solutions for large- and middle-market businesses. He also leads the bank’s generous philanthropic giving and social responsibility activities, as well as community development lending and investing.

Iowa State Savings Bank President
Adam R. Snodgrass
Adam R. Snodgrass

Mr. Snodgrass is President and CEO of Iowa State Savings Bank. Adam began working at the bank in 2001 as a seasonal employee while attending the University of Northern Iowa. After obtaining his Finance degree, Adam joined the bank full-time in the summer of 2002. Throughout his career, Adam has held the positions of Loan Officer, Trust Officer, and Chief Financial Officer. He currently serves as Secretary and member of the Board of Directors of Iowa State Savings Bank; a position he has held since 2009.

Reliance State Bank President
Richard Schreier
Richard Schreier

Mr. Schreier joined Reliance State Bank in November of 2006 and has served as President & CEO since 2008. Mr. Schreier began his banking career at State Bank & Trust Co. in 1990, where his concluding role was serving as the Vice President – Senior Lender & Compliance Officer.

State Bank & Trust President
Steve McGill
Steve McGill

Mr. McGill is a 1976 graduate of Iowa State University with a degree in Agricultural Business. He joined State Bank & Trust Co. in 1999 as Senior Lender and joined the Board of Directors in 2000, and was promoted to President in 2003. 

United Bank & Trust Co. President
Robert A. Thomas
Robert A. Thomas

Mr. Thomas has been with United Bank & Trust since 2015, employed as President since July 2020, and SVP, Senior Loan Officer prior to that. He has been a Director on the United Bank & Trust Board of Directors since 2016, currently serving as Secretary of the board. Prior to joining United Bank & Trust, Thomas was employed at a Marshalltown financial institution for 33 years, serving in several roles within operations, lending, investments, and management. He currently serves on the Marshalltown Area Chamber of Commerce Retail Committee, East Marshall Schools Vocational Advisory Committee, and is a Rotary board member.