Deininger named president, CEO at ITSB

Submitted photoPictured are Iowa Trust and Savings Bank board chairman Jeffrey Young and new Iowa Trust and Savings Bank President and CEO Renate Deininger.

Renate Deininger will be the President and CEO of Iowa Trust and Savings Bank, the bank’s chairman of the board Jeffrey T. Young announced following the annual board of directors meeting Jan. 9.

Deininger was the bank’s executive vice president since 2013 and now will assume full leadership of Iowa Trust’s operations.

Deininger brings over 35 years of financial services experience and has also served as a member of the bank’s board of directors since 2007.

“Renate is a banker who has shown she can assist bank customers in any area of banking. I look forward to the positive impact she will make not only with our customers but also on our community. Her judgment and experience will prepare for a banking environment that is forever evolving,” said Young.

Young will continue to serve as Chairman of the Board and will stay active in the bank and in the community.

“I am excited to lead the bank’s team. I love our community and am looking forward to helping with its continued success. My promise to our customers will be to provide the level of service that has always been our hallmark,” said Deininger.

Deininger is a native of Centerville, and a graduate of Indian Hills Community College and the American Institute of Banking in Bank Financial Management. Renate and her husband Tony reside in Centerville.

Officers elected by the board for 2019 include Young, chairman of the board; Deininger, President and CEO; Mark Dekker, Senior Vice President; David Yahnke, Senior Vice President of Lending; Mary Craver, Vice President of Operations and Cashier; Tracy Alexander, Vice President of Financial Services and Trust Officer; Kathy Kerr, Moravia Branch Manager; Whitney Ballanger, Assistant Vice President of Lending; Dustin Harvey, Marketing and Sales Officer; and Xaviera Scott, Loan Officer.

Iowa Trust and Savings Bank has been a dedicated and reliable community partner since it was established in 1896. With over $176 million in assets, Iowa Trust proudly remains an independent and locally-owned institution with convenient offices in Centerville and Moravia. Iowa Trust has earned Bauer Financial Inc.’s highest rating for financial strength and stability for 110 consecutive quarters. Fewer than 10 percent of the nation’s banks can claim this distinction.

Earning a five-star rating indicates that Iowa Trust and Savings Bank excels in areas of capital adequacy, profitability and asset quality.

“We are incredibly proud to be recognized as a five-star bank,” Deininger said. “Sound asset quality remains a priority for us and we stand ready to meet all your current and future financial needs. Thank you to our exceptional customers and communities. Your dedication and loyalty are what drives our success.”