Meet Adam Lamprecht – A Community Banking Professional

If you walk into a community bank in the Sioux Falls area, you may just run into Adam Lamprecht. Originally from the small town of Newcastle, Nebraska, Adam’s path led him to a career in community banking after getting his degree in Business Administration with a concentration in Accounting from Wayne State College in 2008.

Adam started his journey in the banking world at the courthouse in Sioux City before moving to Sioux Falls in 2009 to work as a personal banker at First National Bank. He spent four years as a Custom Relationship Manager and Personal Banker before transitioning to his current role at The Advantage Network over 11 years ago.

As a Chargeback and Adjustments Specialist at The Advantage Network, Adam processes check card disputes and deals with fraud mitigation. He’s seen a lot of changes over the years. “The dispute process has really improved, leading to higher success rates,” he notes. “Fraud mitigation has also improved tremendously since 11 years ago. The chip card has really helped drop counterfeit card fraud where hackers used to get the numbers and put them on blank cards. Now fraud has largely transitioned to online and e-commerce fraud as the chips are much harder to recreate.”

Education is key when it comes to preventing fraud according to Adam. “The best line of defense is an educated cardholder. Check your accounts often, set up card alerts, and take advantage of tools like Secure Lock that can detect potential fraud.” His role involves not just disputes, but all aspects of card processing —taking calls from member institutions, ordering new cards, managing card designs, and more.

For Adam Lamprecht, the importance of community banking can’t be overstated. “At a community bank, you’re not just a number. They know you and are a part of your life. It’s all about relationships and being hands-on.” Many community banks even offer community cards where a portion of every transaction goes back to support local schools.

When he’s not at the bank, you might find Adam throwing darts – something he’s done locally for a decade. He also has a longtime hobby of drag racing with his dad and family, a tradition over 20 years in the making. A true community banking professional, Adam Lamprecht is definitely someone you should know.