The First Security Bank & Trust Board of Directors and President/CEO Kurt Herbrechtsmeyer are pleased to announce that Stephen Spears has joined First Security as Chief Financial Officer.
As Chief Financial Officer, Spears will be responsible for regulatory reporting as well as the accounting, treasury, and investment functions of the bank.
Spears joins First Security with 30 years of financial services experience. Throughout most of those 30 years, he has been employed in various leadership roles. They have included working as a senior leader for a multi-billion-dollar national financial services enterprise, as well as serving for regional community banks.
Spears most recently worked in Minneapolis, Minnesota as a Senior Vice President of Strategic Initiatives. In this position he was responsible for developing the Minnesota region for his employer. This included executing initiatives for community development, growing market share, enhancing brand, and developing company culture.
“We’re very excited to have Stephen’s experience join our team,” commented Kurt Herbrechtsmeyer, President/CEO of First Security. “He has significant experience in community banking, so he fits perfectly with our focus on the value of strong customer relationships. He is going to bring a lot of new ideas and leadership to First Security.”
Spears has also been an active volunteer. He has volunteered in providing assistance to families in crisis with critically ill or injured family members and has served in youth homelessness prevention and mentorship programs. Specifically, he has served on the Board of Directors for Spare Key, Hope 4 Youth, and Kinship of Greater Minneapolis and has volunteered for Christmas in May, Habitat for Humanity, Plymouth Covenant Church, and the BestPrep Mentorship program.
Stephen and his wife, Deborah, have one daughter, Raelyn, who is a senior in college. He enjoys spending his free time with his family and enjoying outdoor activities such as golfing, fishing, and boating.
First Security Bank & Trust has locations across North Central Iowa and headquarters in Charles City. Member FDIC.
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