Wisconsin banks received letters from the Federal Home Loan Bank of Chicago (FHLBC) in mid-June soliciting bankers for nominations for the 2017 Election of FHLBC Member Directors. There is once again an open seat this year as the current Wisconsin Director, David Locke, is term-limited.
In the past, WBA has endorsed a specific individual for the membership's consideration; however this year, the WBA Board decided to go a different direction and instead provide a central location to serve as a resource for bankers during the voting process.
WBA is pleased to introduce three nominees for your consideration:
Partnership Bank, Tomah
The Park Bank, Madison
Waukesha State Bank, Waukesha
As a lifelong banker I am passionate about continuous improvement for our industry. I am eager to share my talent and expertise with the FHLB membership through the enhancement of products and services currently offered and to provide direction for future progress. Given my interaction with banks of all sizes these past years, especially during my term as WBA chair, I believe I bring a unique perspective and insight to serving our members.
Hi, I'm Jim Hegenbarth. I am honored to have been nominated for a position on the board of directors of the FHLB of Chicago, and I am asking for your support.
Why I'd Like to Be a FHLBC Board Member
At its essence, the FHLBC exists to partner with member shareholders, providing them with competitively priced funding, a reasonable return on their investment and support for community investment activities.
I believe that implicit in this mission, and the reason that the FHLBC was created, is for us to connect to the very best of banking - providing support and capital to help individuals realize their dreams.
With 32 years of banking industry experience, a strong understanding of affordable housing issues, active participation in relevant organizations and institutions, and a true passion for community service, I believe that I am very qualified to serve as a board member.
In today's mortgage marketplace, especially post 2008, community banks need access to the competitive programs and resources provided by the Federal Home Loan Bank of Chicago. I would like to be on the FHLB Chicago board in order to help strengthen the partnership between the FHLB Chicago and its financial institution partners and to further our joint mission of supporting home ownership and reinvesting in our communities.
Ms. Erdman currently serves as President and member of the Board of Directors at Partnership Bank, Tomah. Erdman's dedication to the banking industry began in college and spans over 32 years of executive experience in the following areas:
- Residential Mortgage
- Commercial and Agricultural Lending
- Bank Investment Portfolio Management
- Bank Asset Liability Management
- Information Technology (IT)
- Corporate and Retail Deposit Services
- Bank Operations
- Wisconsin Bankers Association Board of Directors - Past Chair (2017/2018); Chair (2016/2017); Board Member since 2011
- Go Monroe County - Conference Panelist/Speaker
- SBA - Conference Panelist/Bank Awards for Volume Lender
- University of Wisconsin - Lacrosse/Business Leadership Panelist; Eau Claire/Women & Finance Speaker
- Neighbor for Neighbor Food Pantry - Treasurer
- Andres Charitable Trust Fund - Chair and Trustee
- Tomah PTA
- Thomas Earle Foundation - Trustee
Past community board leadership: Tomah Memorial Hospital; Tomah Memorial Hospital Foundation; Greater Tomah Area Chamber of Commerce; Handishop Industries; City of Tomah Long Range Planning Commission; Tomah Boys and Girls Club
Erdman holds a Bachelor Degree in accounting from the University of Wisconsin; is an alumnus of the Graduate School of Banking, University of Virginia Darden School of Business Servant Leadership and received a Master Gardener designation from UW Lacrosse. She has completed numerous accredited courses from the American Bankers and Wisconsin Bankers Associations.
A native of Tomah, Erdman and her husband Rick Erdman MD have two sons, Jack and Eric. Her hobbies include gardening, coaching youth soccer and farming.
32 Years of Banking Industry Experience
- Wealth of Experience: I started as a teller, back in college. From there to loan collections, personal banker, consumer loan officer, credit analyst, credit manager, Business Banking vice president, senior vice president in Lending, and president & CEO since 1999.
- Seasoned Banking Leader: Under my tenure as president/CEO of Park Bank for the past 18 years, our bank has grown organically from $150 million in assets to $850 million. I have been a member of the Park Bank board of directors since 1997 and Deerfield Financial Corporation's board (related bank - common ownership) since 1999.
- Active in the Industry: I am a former WBA board member, member of the WBA Government Relations Committee and an ongoing member of the WBA Gold Triangle Club.
- Hands-On Experience: Residential lending is a meaningful part of our business - and one in which I am intimately involved, including daily interactions with our real estate management team. We sell loans to FNMA (servicing retained) and FHLB, as well as retain loans for the Bank's portfolio.
Strong Understanding of the Federal Home Loan Bank of Chicago
- Engaged FHLBC Member: Park Bank is an active member of the FHLB and I have a strong understanding of the products that are offered. In addition, I have an awareness of the FHLB of Chicago's stock plan, a complete understanding of the needs of separation of duties and audit procedures, and am knowledgeable in relevant issues facing the FHLBC.
- Relevant Knowledge Set: Park Bank utilizes derivatives (back-to-back swaps, primarily) to offer long-term funding to clients; as a result, I am familiar with hedging strategies, sweep options and mortgage-backed securities.
- Commitment to Affordable Housing: I have a strong understanding of affordable housing issues. Three of Park Bank's 12 locations are in challenged housing areas that have low to low/moderate income demographics. Further, Park Bank has been the recipient of three allocations of federal New Market Tax Credits to be invested in developments in low-income demographics in Wisconsin. All three allocations, totaling over $80 million, have been utilized.
- Undergraduate: University of Wisconsin-Madison, Economics
- Graduate: University of Wisconsin-Madison, Graduate School of Banking
- Community: Development Board Member of the American Family Children's Hospital at UW Madison; Chair of the City of Fitchburg Community and Economic Development Board; State of Wisconsin Board Member of the Cystic Fibrosis Foundation; Town of Madison Revolving Loan Fund Member
- Industry: Wisconsin Bankers Association Board of Directors; State of Wisconsin Department of Commerce IRB Council; ABA Community Bankers Council
- Personal: Edgewood High School Board of Trustees; Co-Chair Ronald McDonald House Charities Capital Campaign; Middleton Youth Football Board Member; Blessed Sacrament Parish Finance Council; Blessed Sacrament School Athletic Board; Lead Fundraiser for Various Greater Madison Charities
Park Bank Mission & Values
- Why We Exist: We understand that banking is not an end in itself, but rather, a means toward helping people live the kind of life they want. That's why we put our customers' success at the center of our thinking and promise to live by a simple philosophy: Caring Before Calculating. That's right. Behind everything we do - all the planning and researching, the major decisions and the minor details - lies the firm belief that tomorrow can be better than today. Whether better for our customers means a new home, a successful business or a new lease on life, Park Bank shares our customers' dreams.
- What We Value: (1) Service to our clients above all else; (2) Efficiency and adaptability; (3) Honesty and integrity; (4) Community-based accountability; (5) Hard work and fun in equal measure.
Thank You for Your Consideration
I have knowledge of relevant issues. I have a proven history as a successful community banker. And I have the time to dedicate myself to multiple terms and the flexibility to be a good steward, attending meetings in Chicago.
If you'd like to learn more about Park Bank, visit: https://ParkBank.com
If you'd like to learn about our bank turning 50, visit: https://ParkBank.com/50th
Or if you'd like to talk to me personally, call me: 608-278-2870; I'd welcome the discussion.
Ty R. Taylor, 50, has been President and CEO of Waukesha State Bank since 2004. He started at the bank in 1991. Waukesha State Bank has approximately $940 million in assets. Prior to becoming president, he oversaw both commercial and mortgage lending for the bank among other responsibilities. He obtained SBA PLP status for the bank in 1999 and received the U.S. Small Business Administration - Wisconsin Financial Services Advocate of the Year award in 2003. Since becoming president, the bank has received four "outstanding" CRA ratings. From 1990-1991 he was employed at M&I Marshall & Ilsley Bank. He received a B.A. in Economics from Wheaton College in 1990 and is a graduate of the Graduate School of Banking at the University of Wisconsin-Madison. He is an instrument-rated private pilot and is married with four children (two sets of twins!).
He has a passion for community banking and has been an active volunteer in a number of organizations including: Carroll University (board), La Casa de Esperanza Foundation (board and president), ProHealth Care Foundation (board and president), ProHealth Care Finance and Investment Committee, Salvation Army - Waukesha Corps (advisory board), United Way in Waukesha County (board and campaign chair), Waukesha County Business Alliance f/k/a Waukesha County Chamber of Commerce (board and president), Waukesha County Community Foundation (board) and Waukesha Guitar Town (board).