Executive Management

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 Boone Bank & Trust Co., First National Bank and United Bank & Trust Co. and is a member of the board of directors of Iowa State Savings Bank.

Mr. Wilson joined the Company in 2022 and was appointed Executive Vice President and Chief Lending Officer in 2023 after having served as Executive Vice President of Innovation & Corporate Services. He currently serves as Chairman of the Board of State Bank & Trust Co. and Reliance State Bank. Wilson has extensive financial institution experience and previously served as the chief lending officer of a central Iowa bank, managed a commercial agribusiness team for a national insurer, and began his banking career as a commercial lender in the Des Moines Market. He is a United States Army veteran and received a Bachelor of Business Administration in Finance from Iowa State University. 

Mr. Clausen was appointed Chief Financial Officer in 2024. Mr. Clausen has been with the Company since March 2020, serving as Chief Accounting Officer since May 2023 and previously as Controller. Mr. Clausen is a certified public accountant and has over 14 years of combined experience in the financial services industry and public accounting.

Mr. Carr has served as President of Boone Bank & Trust Co. since 2026 and has been with the bank for 25 years. A graduate of Iowa State University, he has gained extensive experience through roles in multiple departments across the organization.

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.

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.

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 Co.’s Executive Vice President and Director Dan Johnson assumed the role as President January 16, 2023. Johnson started with State Bank & Trust Co. in July 2011, where he has managed the bank’s loan department, with primary duties focused on large agricultural and commercial lines, participations, and bank-wide regulatory compliance. Johnson is a graduate with honors of the Graduate School of Banking at the University of Colorado in Boulder Colorado. He also holds a bachelor’s degree in Ag Business from Iowa State University. Johnson is a current instructor at the Iowa Bankers Association’s Commercial Lending School and Consumer Lending School and is a former advisory board member.

Mr. Lansing has served as President of United Bank & Trust Co. since 2026 and brings more than 20 years of banking and financial services experience to the position. Most recently, he served as Vice President of Commercial Lending where he managed and expanded loan portfolios while strengthening the bank’s business development efforts.