The Stephenson National Bank & Trust (SNBT) is pleased to name Greg Salmen as its next president and CEO. He is only the eleventh person to serve as SNBT president since the bank was formed in 1874.
“We are extremely pleased to have Greg Salmen step into this role after many years of succession planning and preparation for this leadership transition,” said Daniel J. Peterson, former SNBT president and current executive chairman. “He has been a part of the SNBT leadership team for nearly 22 years and during that time he has helped cultivate customer relationships and shape employee culture. With his comprehensive banking background and wealth of experience, Greg is the ideal candidate to lead this 150-year-old financial institution into the future.”
Salmen joined SNBT in 2002 as senior vice president & trust manager. Throughout his tenure, he has overseen all aspects of the investment management & trust services department, including financial planning, investment management, estate/trust administration & planning, and retirement planning. In 2014, he was promoted to executive vice president, thereafter assuming broader bank leadership responsibilities. Salmen was elected to serve on the SNBT Board of Directors in 2020.
“Before coming to SNBT, I had opportunity to work for three different banks in the Midwest. Those banks all had different ownership structures, different philosophies, and therefore different cultures,” said Salmen. “Those experiences informed my deeply held belief in the unique and special nature of a true independent community bank. When I found those qualities in SNBT 22 years ago, I knew this is where I wanted to dedicate my career.”
A self-proclaimed South Dakota farm boy by background, Salmen holds a B.S. degree from Southwest Minnesota State University. He attended the Graduate School of Banking, earning distinctions for graduating in the top 5% of the 550 professionals enrolled and receiving the Prochnow Educational Foundation/Wisconsin Bankers Association Scholarship. He is a graduate of American Bankers Association National Trust School, the National Graduate Trust School, and WBA Leadership Development program. He is a Certified Trust and Financial Advisor (CTFA) and holds the Chartered Financial Analyst (CFA) designation.
Salmen is a strong believer in the importance of giving back to his community. His community involvement in this region has ranged from leading/serving on boards for area non-profits and his church, to coaching children’s sports and teaching Sunday School. His family is also a central focus, as he and his wife have three grown children and one grandchild.