American Bank president resigns

Monday, March 2, 2009

By Magdalene Landegent

American Bank's Le Mars president Richard E. Magnuson resignation was accepted Monday, Feb. 23 by the bank's board of directors.

Magnuson's resignation was made public Friday through a press release from American Bank. Magnuson has served 12 years as American Bank's president.

Don Baker, current board member, was appointed interim president until a permanent president is named.

Baker, a 10-year board member, will also continue his duties as AmBank Holding Company Executive Vice President.

"The American Bank staff will continue to serve the Le Mars and Remsen communities in the same successful partnership you have come to expect without interruption," the press release stated.

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Thanks to Rich Magnuson for 12 years of continued support and dedication to Le Mars, surrounding commuities, the bank and it customers.

-- Posted by appreciative citizen on Mon, Mar 2, 2009, at 4:37 PM