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Roger Boyce to retire from Winsted bank
Nov. 11, 2013

Jeff Engen named new branch president

By Starrla Cray
Staff Writer

WINSTED, MN – As Roger Boyce prepares to retire in less than two weeks, he’s thought of several things he’ll miss about being president of Security Bank & Trust Co. in Winsted – including the town itself.

“Winsted’s a very unique community,” he said. “We have a lot of industry in this town – it’s a strong community, a good community. You don’t appreciate something until you step away from it.”

Roger has been part of Winsted since he joined the bank in 1991. He and his wife, Gen, recently sold their country home just outside of town, and plan to move to Texas by the end of the month.

“It’s exciting to think about making the change, but also intimidating,” Roger said.

One reason Roger and Gen are moving is to be near family. Their daughter, Jennifer, made Texas her home after a student teaching position turned into a full-time career opportunity; and their son, Alexander, moved there after being deployed to Iraq from a base in Texas.

Their other son, Christopher, lives in Chaska, but will most likely be spending the holidays in Texas.

“There’s nothing like Christmas when the grass is green and there are leaves on the trees,” Roger said.

The early days
Roger grew up in Wayne, NE, and graduated high school in 1970. While in college, he got a part-time job at a local bank.

“The principal at the high school recommended me to the president of the bank,” Roger recalled.

After graduating with a degree in social science, Roger joined the bank full time. During his employment, he took classes at the Stonier Graduate School of Banking.

By the time Roger left in 1985, he’d been promoted to vice president.

Later on, he moved to Humboldt, IA, serving as executive vice president at Hawkeye Bank.

When he heard about a job opening for a president at a bank in Winsted, Roger took the next step in his career.

At that time, Flagship Bank Group was the owner, having purchased the bank from Ralph Rathmanner and Richard Sterner in 1989.

Earlier this year, the bank was acquired by Security Bank and Trust Co., which is headquartered in Glencoe.

“Security Bank is a very strong financial organization with good management,” Roger said.

The interior of the bank is currently being remodeled, with the goal of completion by the bank’s annual open house Friday, Dec. 6.

“This will be the first open house I’ll miss in 22 years,” Roger said. “I’m appreciative of the customers and the people I’ve met, and I’m going to miss the relationships. I wish everyone success going forward.”

New beginnings
Roger’s last day as bank president will be Friday, Nov. 22. The following Monday, Jeff Engen (vice president commercial/ag lending officer) will become the new president.

“I think Jeff will do an admirable job as branch president here,” Roger said.

Jeff has a total of 24 years of banking experience, including 12 years as a loan officer in the Winsted-Lester Prairie area. Before transferring to the Winsted branch of Security Bank in May, he worked at the bank’s Brownton location.

Jeff and his wife, Sally, are long-time residents of Lester Prairie. In his free time, Jeff enjoys spending time with his sons (Leighton and Harrison), coaching sports for elementary-aged youth, serving on the Lester Prairie Business Association, and being a member of the council at St. Paul Lutheran Church in Lester Prairie.

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