By Starrla Cray
DELANO, MN Tom Screeden, the new senior vice president at Crow River Bank in Delano, knows that bigger isn’t always better, and that returning to ones roots can be a very good thing.
“I’ve had opportunities to go to larger banks, but I’ve stuck with community banks because I believe in their mission,” said Screeden, who came back to Crow River Bank June 28 after an eight-year absence.
Screeden grew up in Edina and earned an undergraduate degree in marketing and economics from St. Cloud State University. He then participated in a graduate banking program at the University of Wisconsin.
From early on, Screeden was drawn to the financial sector. During his employment at a finance company, Screeden utilized his marketing and economics background to relate to people and help them make wise money decisions.
In 1993, he joined Crow River Bank for the first time.
“I was part of the team here for nine years, and then was with another community bank for eight years,” Screeden said.
He started off as a personal banker, and later held the titles of assistant vice president and vice president.
Screeden said he’s very excited to be back at Crow River Bank.
“It’s appealing, because I can reacquaint myself with customers I’ve worked with in the past,” he said.
Another benefit is the short commute to work, said Screeden, who lives in Delano with his wife, Sheila, and children, Mira and Daniel.
“It will enable me to spend more time with my family, and become more involved in civic organizations,” Screeden said.
Screeden enjoys volunteering through the Delano Lions Club and the Delano Chamber of Commerce.
He is proud to be part of Crow River Bank, because of its contributions to the communities it serves.
“What I like about it is the smaller organization,” he said. “The owners and directors are local people.”
Community banks provide strength and stability that larger companies might not be able to offer to their customers.
“I believe it will be community banks that will help work us out of this recession,” Screeden said.
These types of banks are personable and efficient, he added.
“We don’t have to send loan requests to a different state to get approval,” he explained. “It’s very fast.”
At Crow River Bank, Screeden’s duties will mainly focus on the expansion of the bank’s commercial business lending.
Screeden won’t be limited to just lending, however, and he plans to help out wherever he is needed.
“I’ve shoveled snow off the sidewalks in the winter, and people have seen me directing water away from the building when it rains,” Screeden said. “In a community bank, you wear a lot of hats.”