Sioux Falls, SD – Bank Midwest is experiencing considerable growth in Sioux Falls and has expanded its operations with the arrival of banking veteran Kathy Thorson as Executive Vice President of Client Experience. Thorson has a career in banking that spans 40 years.
Thorson is a Sioux Falls native. She began her banking career as a teller while attending Augustana University and has an extensive background in both commercial and retail banking, bank operations, and leadership. In previous roles, Thorson served as a Market President for South Dakota and Iowa.
“We’re thrilled that Kathy has joined the team,” said Rick Rysavy, Market President. “She brings a wealth of knowledge to Bank Midwest and a strong commitment to community service and her clients.”
Mary Kay Bates, President and CEO of Bank Midwest added, “Kathy is uniquely qualified to guide us as we enter our next chapter in Sioux Falls. Most importantly, her commitment both to community service and her clients aligns well with Bank Midwest’s core values.”
Thorson is an active member of her community, serving on the boards of Collision, Forward SF, YMCA, and SD Prayer Coalition. She’s also been the Wine Social chair for the Sioux Council Boy Scouts for numerous years, as well as past board chair. Kathy has a BA in Business Administration from Augustana University and a Master of Business Administration from the USD. Thorson and her husband, Dr. Richard Howard, live in Sioux Falls where they enjoy spending time with family and friends as well as attending many community activities.
“Assisting good people with their financial goals while building lifelong relationships is what matters most,” said Thorson. “Bank Midwest’s approach to banking will serve Sioux Falls well, especially as our community continues to evolve.”
Bank Midwest is an employee-owned organization with 11 locations throughout Iowa, Minnesota and South Dakota. The financial institution has assets exceeding $1 billion, and is a full-service financial institution offering loans and traditional FDIC-insured accounts, as well as insurance, investment and trust services. *Investments and insurance services are not deposits, not FDIC insured, not guaranteed by the bank and may go down in value.