Spirit Lake, Iowa – Bank Midwest is thrilled to announce the promotion of Luke Donnenwerth to the position of Chief Banking Officer. In his new role, Luke will lead Bank Midwest’s strategic growth strategies across all business lines while continuing his role as Market President in Spirit Lake and surrounding communities.
Mary Kay Bates, President, and CEO of Bank Midwest, expressed her confidence in Luke’s abilities, stating, “Luke brings a wealth of experience and an unparalleled dedication to our customers. His strategic leadership and forward-thinking approach make him an ideal fit for the role of Chief Banking Officer.”
Luke Donnenwerth, reflecting on his new responsibility, shared, “Taking on this new role is truly an honor, and I couldn’t be more excited. I look forward to working with our exceptional team to continue the growth and success of our company while serving and supporting the communities we’re proud to be part of.”
Having joined Bank Midwest in 2010 as a commercial loan officer, Luke has been serving as Market President for Spirit Lake, Okoboji, and Wall Lake, IA since 2022. A native of Spirit Lake, he graduated from the University of Northern Iowa and began his banking career in 2005. Luke’s outstanding abilities were recognized by BankBeat.biz, which named him a Rising Star in Banking in 2023. That same year, he actively participated in the Iowa Bankers Association Leaders in Advocacy Program, representing the banking industry at the state and national levels. Most recently, Luke was recognized as Dakota Finance SBA Lender of the Year and was honored with the designation of Patriotic Employer by the Office of the Secretary of Defense.
Apart from his professional accomplishments, Luke is actively involved in various organizations, including the YMCA of the Okobojis, where he serves as CVO Elect; the Spirit Lake Youth Athletics, where he holds the position of Treasurer; and the Good Neighbor Fund, where he serves as Board Chair. Luke is also involved in the Spirit Lake Noon Kiwanis, among other organizations. Alongside his wife, Megan, Luke is a proud parent of three children.
The team at Bank Midwest extends their congratulations to Luke Donnenwerth on his well-deserved promotion to Chief Banking Officer. His exemplary leadership and unwavering commitment to excellence will undoubtedly pave the way for continued success for the organization.
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.