By ANDREA VARGO
Catherine Jackson, president of the Citizens State Bank of Waverly, has been selected 1998 Banker of the Year by Northwestern Financial Review magazine.
Jackson is the first woman to receive the award since it was started 10 years ago.
Each year, Northwestern Financial Review selects a banker from the Upper Midwest who runs a sound bank, has made significant contributions to the industry and community, and is poised to contribute to the industry and community for years to come.
Jackson became president of Citizens State Bank of Waverly in 1985. Under her leadership, the $28 million bank has more than tripled in size, developed new business lines and moved to an updated building.
In addition to her accomplishments in the bank, Jackson was selected because of her work in the community of Waverly. Jackson is leading an effort to establish a permanent museum in memory of the community's most famous former resident - Hubert Humphrey, vice president of the United States under President Lyndon Johnson.
The effort has been underway since 1994. Although the community's first Humphrey museum burned down last August, the effort continues. Jackson and others in the community hope to raise enough money to remodel the Waverly Village Hall into a Humphrey museum by the year 2001. The museum is considered crucial to revitalizing the Waverly community.
Jackson also serves on the Central Minnesota Initiative Fund and is active in the Wright County Economic Development Association.
Each year since 1988, Northwestern Financial Review has selected a Banker of the Year. Nominations are solicited from the magazine's readers throughout the fall. The banker must work in a bank located in Minnesota, Wisconsin, North Dakota, South Dakota, Montana, Iowa, Illinois or Nebraska.
Jackson is featured in the cover story of the Jan. 24, edition of Northwestern Financial Review.
With roots that go back to 1894, Northwestern Financial Review is a trade journal covering the commercial banking industry in the Upper Midwest.