April 2, 2007

New president at State Bank

By Kristen Miller
Staff Writer

State Bank of Cokato is under new leadership as it announced a new president, Dean Perry of Buffalo.

Perry comes with eight years of experience as bank president for The RiverBank in Chisago City, Minn. Before that, he worked as vice president for Century Bank in Eden Prairie.

During his tenure at RiverBank, the bank grew dramatically, becoming the leading banking institution in the area – known for its business development work, superb customer relations, and strong community support, according to Keith Raisanen, State Bank of Cokato board chairman.

Perry is replacing outgoing interim president John Schwegel, who has served as bank president for the past two years.

“We are thrilled to have Dean Perry join our ESOP (Employee Stock Ownership Plan) owned bank. His strong banking background – having served most recently as a community bank president for eight years in Chisago City – and his proven community involvement, will provide the bank with strong leadership and will be a great asset to our community,” Raisanen said.

Perry will be responsible for providing leadership, and overall management of banking activities to ensure safety, soundness, profitability, and planned growth, according to Raisanen.

Perry was hired as of March 21 and his goal for the bank is to continue its focus on the community and its businesses.

“I’m excited to have the opportunity to join the State Bank. While evaluating the opportunities with the State Bank, it became clear to me that the bank had a great history in the Cokato community, and has an equally great opportunity as a ESOP-owned bank to fulfill all the banking needs of the community in the future,” Perry said.

Perry resides with his wife, Molly, and his three children in Buffalo. During his time in Chisago City, Perry was president-elect for the Chisago Lakes Rotary Club. Perry was also involved in the Chisago City Economic Development Association.

During his free time, Perry enjoys all outdoor activities including golf, fishing, and pheasant hunting.

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