Don Nolan and Jim Johnson to Present “A Vision for Keeping it Local: Succession and Ownership”

We first told you about Don Nolan and Jim Johnson’s unique ownership structure last summer in our magazine, The Bottom Line. Now, Nolan and Johnson will be presenting at our annual retreat on this same topic. They will speak to the partnership and vision that has led to the unique ownership structure of their respective bank holding companies. These structures combine the investment of bank staff and community investors to achieve a cooperative approach to local community bank ownership. These holding company leaders will also share their vision for long-term local ownership, as well as, succession planning for their rural banks.

Don Nolan, President, First State Associates & President/CEO Rivers Edge Bank, Marion, SD. – Nolan has 35 years of rural community bank experience including 29 years as bank President. Nolan, along with others, was instrumental in establishing a bank holding company structure built on cooperation of community bankers, bank staff and community investors.

Jim Johnson, Chairman of R & J Financial Corp., Chairman of People Savings Bank, Elma, IA, and Chairman of Security State Bank, Sutherland, IA. –

Security State Bank is consistently recognized by ICBA has one of the highest performing community banks in the nation. Johnson was instrumental in partnering to establish First State Associates.

You can view the full retreat agenda and register by clicking here.