Darrel L. Posegate

*** *. ******** *** *** *** Sioux Falls, SD 57104 605-***-**** lmsgpr@r.postjobfree.com

Executive Summary

C-Level Financial Services Executive with diverse range of strategic and tactical experience who has combined high creativity, sound analytics and effective technology skills to produce successful and profitable solutions for shareholders, customers, employees and communities in the ever changing financial services environment while operating effectively in a team environment to maximize organizational performance.

Leadership Roles

President/Chief Operating Officer Chief Operations Officer

Chief Financial Officer Chief Investment Officer

Management Experience

Strategic Planning Regulatory Compliance Mortgage Lending

Line Operations Retail Sales Credit Administration Process Improvement Indirect Auto Lending /Securitizations Community Banking

Bank Investment Portfolio Budget & Profit Planning Holding Company

Commercial Lending Human Resources & Benefits Mergers / Acquisitions

Enterprise Risk Technology Organizational Development

Marketing Capital/Debt Offerings Trust SEC Insurance/Brokerage Ag Lending

Professional Experience

Home Federal Bank, Sioux Falls, SD 2006 to 2011

President / Chief Operating Officer

President/Chief Operating Officer for $2.5 billion assets under management publicly traded thrift with 34 community bank locations in multiple states. Led 10 member senior leadership team in collaborative effort to achieve and exceed tactical goals, develop vision for future growth and development into new markets, products and services through enhanced sales processes. President/COO had the responsibilities for the day-to-day line operation for mortgage, retail, commercial and consumer lending, deposit services, branch and internet delivery channels. Responsible for execution while producing continual operational improvement including compliance, risk management, technology and operational process efficiency.

Chief Financial Officer 2002 to 2010

Had CFO responsibilities for Bank from 2002 to 2006 when promoted to President/Chief Operating Officer. Remained as CFO for publicly traded holding company through 2010.

Achievements

• Developed and positioned team and staff for readiness to new markets and opportunities.

• Led senior leadership team to successful implementation and execution of organization’s strategic plan through the introduction and implementation of the Balanced Scorecard process for organizational excellence.

• Developed an affinity program which significantly increased household acquisitions and service offerings.

• Led effort to securitize auto portfolio which decreased on-balance sheet risk while increasing earnings by over 20%.

• Through aggressive development and promotion of competitive products and services, increased fee structures, in alliance with the HF Board of Directors and senior leadership, achieved a 36% better stock performance than other publically traded banks.

• Increased adjusted Core Business Operating income by over 25% since 2006.

• Transitioned organization to reflect a diverse commercial bank-like balance sheet.

West Des Moines State Bank, Des Moines, IA 1998 to 2002

Chief Financial Officer

CFO for a $825 million publicly traded bank, one of the top performing banking organizations in the nation.

Achievements

• Instrumental in ROE enhancement in a period of interest margin decline by recommending accelerated growth, thereby increasing the leverage ratio. As a result, net income also increased by 12%.

• Implemented a deposit reclassification program that entailed only five minutes of added work daily and increased annual earnings by $300,000.

• Designed, implemented and monitored an Overdraft OD waive policy that produced annual increased fees of $400,000.

• Reengineered and automated several manual processes, thereby decreasing efficiency ratios from 30% to 27% in 15 months.

Liberty Services, Inc., Des Moines, IA 1994 to 1998

President

Served as President and functioned as CEO of a startup consolidated backroom service company providing accounting, profit planning, investments, check operations, accounts payable, payroll, marketing, AL management and other support services to Liberty Financial Corporation. LFC had 13 financial service organizations including commercial bank and thrift charters, leasing, insurance and a finance company. This highly profitable, dynamic company served markets in Iowa and Arizona via a 40 branch network. Held position on Executive Committee of the Holding Company reporting directly to LFC President and had 8 bank presidents as direct reports.

Achievements

• Effectively stabilized a startup backroom services operation, customer service ratings from customer banks increased from a “D” letter grade to an “A” within 18 months.

• Consolidated the management of the banks’ investment portfolios and enhanced earnings from a key segment of those portfolios by 125 basis points within one year.

• Initiated changes to overdraft procedures causing fees to double within one year.

• Member of executive management team that produced a record premium for a bank sale in Iowa.

DaLore Leasing, Charles City IA 1993 to 1994

President/Chief Executive Officer

President and owner of company providing lease / credit brokering services nationwide.

Achievements

• Successfully initiated small business leasing company.

First Citizens Financial Corporation, Charles City, IA 1983 to 1993

Executive Vice President/Chief Financial Officer

Responsible for senior level management of highly successful community banking organization. Reported to the Chairman and fulfilled the roles of Chief Financial Officer, Chief Operation Officer and Chief Investment Officer in a multi-bank environment.

Achievements

• Developed and implemented reorganization of the bank holding company structure allowing for an efficient structure for merger and acquisitions.

• Managed investment portfolio that was ranked 16th nationally for quality.

• Developed management information systems to better manage the day to day operations of the banks.

R. W. Cox and Co., CPA, Charles City, IA 1980 to 1983

Staff Accountant

Education / Credentials

Luther College, Decorah, IA 1980

BA, Accounting, Economics and Management

CPA Certificate

1983

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