Spirit Lake, Iowa – Bank Midwest is proud to announce the promotion of Luke Donnenwerth to the position of President and Chief Banking Officer.
Mary Kay Bates, CEO of Bank Midwest, expressed her confidence in the leadership transition, stating:“Luke brings a strategic mindset complemented by sound wisdom and practical common sense. His leadership style — defined by humility, intelligence, and unwavering integrity — inspires confidence among colleagues and customers alike. Luke is known for consistently doing the right thing.”
Reflecting on his new role, Luke Donnenwerth shared:“I am honored to assume the role of President and Chief Banking Officer. I look forward to working closely with our exceptional team to drive continued growth and success; while remaining committed to serving and supporting the communities we proudly call home.”
Luke joined Bank Midwest in 2010 as a commercial loan officer. He subsequently served as Market President before transitioning to the role of Chief Banking Officer in 2024. A native of Spirit Lake, he graduated from the University of Northern Iowa and began his banking career in 2005. Luke’s outstanding contributions have been 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 both state and national levels. More recently, Luke was honored as Dakota Finance SBA Lender of the Year and received the Patriotic Employer designation from the Office of the Secretary of Defense.
Beyond his professional achievements, Luke is passionately involved in numerous community organizations, including the YMCA of the Okoboji’s, Spirit Lake Youth Athletics, and the Good Neighbor Fund. He also actively participates in the Spirit Lake Noon Kiwanis Club, among other local groups.
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.