Crown Bank promoted CFO Jeffrey Wesselsas to president and chief operating officer. In his new leadership role, Wessels will lead Crown Bank and its valued customers into the next decade with growth strategies of integrity and strength.
With more than 20 years in the banking industry, Wessels steps into this new leadership role as Minnesota companies are experiencing strong growth. Earlier this year, the Minnesota Chamber of Commerce reported that 76% of firms across the state saw an increase in revenues from 2017 to 2018. More than 60 percent of businesses saw profits jump as well.
“In these days of what seems like constant consolidation in the banking industry, Crown Bank is committed to remaining a community bank under Jeff’s steady and diligent leadership,” said Crown Bank Chairman John Healey. “We are extremely pleased Jeff will be leading us into a new decade of strong growth in our community. With pride we build long-term relationships with business executives, entrepreneurs and high net worth individuals, who in turn give back to our community.”
Previously, Wessels served as Crown Bank’s, chief financial officer, senior vice president of Finance, senior credit officer and commercial lending officer over the past 18 years. He has extensive experience working for small to midsize businesses, which informs the guidance and insight he offers to clients.
Wessels served as interim president of Crown Bank from September 2018.
