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Tag Archives: Community National Bank

Greater Cedar Valley Alliance & Chamber Elects Leadership

The CEO of one of the largest locally owned firms was elected to lead the Greater Cedar Valley Alliance & Chamber during its annual meeting held July 16 at the Park Place Event Center.

Tom Penaluna, CEO of The CBE Companies will chair the regional economic and community development organization through its 2014 fiscal year. Penaluna has been a board member of the Alliance & Chamber since 2008, and also was a board member of its predecessor organizations. He completed a term as chair of the affiliated Waterloo Industrial Development Association, and most recently served as vice chair of the Alliance & Chamber. Tom has asserted his leadership in the critical business – education transformation discussion by championing the Leader Valley and Leader in Me initiatives of the Alliance & Chamber. Penaluna also serves on the board of the Iowa Partnership for Economic Progress.

Other officers elected to leading the organization with Penaluna are: Vice Chair -Steve Tscherter, CEO, Lincoln Savings Bank; Treasurer-David Braton, Publisher, The Courier; and Past Chair, Kris Hansen, CEO, Western Home Communities. Steve Dust is president & CEO of the Alliance & Chamber.

The officers are joined by Rich Czarnecki, John Deere Global Director – Large Tractors; TechWorks Campus chair and former mayor Tim Hurley; and Chamber Council Chair Stacy Bentley, President – Community National Bank to form the Alliance & Chamber’s Executive Committee.

Kate Washut, partner, Far Reach, and Steen Hansen, CEO, Bossard North America were elected to the group which represents a broad spectrum of region-wide business, institutional, and local government interests. Sue Armbrecht, President – MidWestOne Bank Cedar Valley, and Chris Fereday, President – PDCM Insurance were re-elected to the board.

Washut and Hansen take the seats formerly occupied by retiring board members Dee Vandeventer, ME&V, and local attorney Hugh Field, partner in the Beecher Law Firm. “Dee and Hugh have been a part of the Alliance &Chamber leadership since its creation. The progress we’ve made in creating and delivering on the vision of a more vital, Cedar Valley economy is due in large part to the persistence and vision of business and civic leaders like Dee and Hugh,” said Dust.

Dust continues, ”Steen and Kate join others on our board who represent yet the next generation of leadership in our economy – businesses that located or started – but intending to grow – in the Cedar Valley of Iowa. They are the voices who need to chart the path for our economy moving forward,” concludes Dust.

COMMUNITY NATIONAL BANK ANNOUNCES NEW PRESIDENT & CEO

Community National Bank, along with QCR Holdings, is pleased to announce the promotion of a new President and CEO. Stacey J. Bentley has assumed the role of President and Chief Executive Officer of Community National Bank, taking over for former President and Chief Executive Officer, Josef Vich who founded Community National Bank in 1997. Mr. Vich will serve in the role of Vice Chairman.

“I am excited to hand leadership of CNB over to Stacey as planned,” stated Mr. Vich.

Coinciding with the promotion, Community National Bank announced the completion of its previously announced acquisition by QCR Holdings, Inc.

Stacey Bentley stated, “We are excited about our merger with QCR Holdings. This is a great opportunity to partner with another successful organization that has additional capabilities to support the growth of our franchise. Both banking institutions are well known for their excellent customer service, community advocacy, and talented, dedicated staff – our two franchises together will be a powerful combination.”

 

Ms. Bentley has been with Community National Bank since its beginning in 1997 and has over 30 years of banking experience. Most recently she served as Cedar Valley Market President. The bank celebrated the promotion with an open house on May 22 in Waterloo.

 

About QCR Holdings

QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company, which serves the Quad City, Cedar Rapids, Rockford, Waterloo, Cedar Falls and Mason City, IA and Austin, MN communities through its wholly owned subsidiary banks. Quad City Bank & Trust Company, which is based in Bettendorf, Iowa, and commenced operations in 1994, Cedar Rapids Bank & Trust Company, which is based in Cedar Rapids, Iowa, and commenced operations in 2001, Rockford Bank & Trust Company, which is based in Rockford, Illinois, and commenced operations in 2005 and Community National Bank, which is based in Waterloo, Iowa, and commenced operations in 1997, provide full-service commercial and consumer banking and trust and asset management services. Quad City Bank & Trust Company also engages in commercial leasing through its wholly owned subsidiary, m2 Lease Funds, LLC, based in Milwaukee, Wisconsin.

Be part of something greater - The Cedar Valley of Iowa

The Greater Cedar Valley Alliance & Chamber is a regional economic community development corporation working to increase economic vitality and wealth in the Waterloo / Cedar Falls area and surrounding economic region. The Alliance & Chamber has approximately 800 members that represents over 40,000 employees