Native American Bank has named veteran banker Thomas Ogaard as its president and CEO, states a company press release.
“Tom Ogaard brings a wealth of banking knowledge and experience. We believe his background is critical at this time in our history and look forward to working under his leadership and direction,” stated Lew Anderson, chairman of the banks' board of directors.
Ogaard, who started his banking career in 1978, previously worked for Citizens First National Bank in Princeton, Illinois as president and CEO for the bank and its holding company, named Princeton National Bankcorp Inc.
Prior to joining Citizens First National Bank in August 2009 (as executive vice president and banking group manager; he was promoted in February 2010), he held executive positions at State Bank of Park Rapids, Eagle Valley Bank, Associated Bank/Signal Bank, and TCF Bank in Minnesota.
“I am very pleased to be joining Native American Bank and look forward to the opportunities ahead,” Ogaard said in the release. “The bank is well positioned to play an active role meeting the financial needs of the Native American and Alaskan Native communities, which is the heart of the bank's mission.”
Cristina Danforth, chairwoman of the Native American Bancorporation and treasurer of the Oneida Tribe of Wisconsin, stated, “Native American Bank is preparing to introduce our new President and CEO to tribal businesses and communities to promote the mission of the bank. We look forward to having a smooth transition for the current and prospective customers of the bank.”
Native American Bank is a $62 million dollar bank with its corporate headquarters in Denver, Colorado, a retail branch in Browning, Montana, and a loan production office in Box Elder, Montana. Its primary market is Native American Tribes, Alaska Native Corporations, and Native American businesses and individuals. The bank is owned by 28 federally recognized Indian Tribes, Alaska Native Corporations and tribal organizations. For more information about Native American Bank, visit the bank’s website at www.nabna.com.