When American National Bank acquired Western Bank in 2012, we committed to building our team and expanding the commercial banking products and services offered in the Twin Cities. The 2020 addition of Steve Powell, President – Minnesota, brought not only leadership but also Minnesota business and banking expertise.
Recent high-caliber additions to ANB’s Twin Cities commercial banking team piqued the interest of Minneapolis-St. Paul Business Journal reporter, Patrick Rehkamp, who reached out to Powell. While discussing the bank’s recent team additions and strategic vision, Powell noted, “The plan is to grow this market specifically in the commercial banking sector. We have about $1 billion in assets here and would like to double that in the next five years.”
With about $1 billion in assets in the Minnesota market, the bank overall has $5 billion in assets across all its markets in Nebraska, Iowa and the Twin Cities.
Rehkamp wrote that ANB is “moving more aggressively to build its commercial banking operations” and cited Powell’s nod to the Twin Cities’ strong business climate as the driving factor for growing the team and resources in the business sector.
The team consists of several who have successfully worked together in the Minneapolis-St. Paul banking community for years and overall brings expertise including SBA loans, private banking, private equity, construction, manufacturing and commercial real estate.
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