The Wisconsin Bankers Association (WBA) is pleased to announce the 2019 Community Banker of the Year is Todd Nagel, CEO/President of IncredibleBank.
After leading River Valley Bank and its online branch IncredibleBank to separate success for a decade, Nagel led the re-defining merger of the two entities into a single IncredibleBank. In addition to national media attention, the bank showed a 1.53% return on assets for the nine-month period of Jan. 1 – Sept. 30, 2019. Over that same span, IncredibleBank achieved a 16.36% return on equity (the state average was 9.95%). Perhaps most impressive, the bank grew new accounts acquired through digital efforts by 1,200% over 2018.
As a banking industry leader, Nagel currently serves on the WBA Government Relations Committee and as President of the Marathon County Development Economic Corporation. Under his leadership, IncredibleBank has received several awards, including being named a “Best Bank to Work For” in 2019 by the American Banker (for the fourth year in a row) and the ABA Foundation Community Commitment Award in the category of Protecting Older Americans; over 150 IncredibleBank employees are certified in a Dementia Friendly Training Program. Additionally, the bank was listed among the Most Innovative Banks for 2019 by Independent Banker and recognized by SBA as a top lender at the end of 2018.
Nagel’s service to the community can be seen through the many people and organizations he has touched throughout his career. These include Beacon House, Aspirus Family House, Wausau YMCA, The Salvation Army, Honor Flight, Stable Hands, St. Vincent DePaul, and many others.
Part of Nagel’s service is through his leadership style at IncredibleBank. Nagel and his team have fostered employee engagement and cultural innovations including a gym and fitness center, tuition reimbursement, paid community service opportunities, comprehensive wellness programs, birthday holidays, and more.
Nagel was recognized for his lifetime of caring and commitment to his staff, bank, and community at the WBA Bank Executives Conference in Wisconsin Dells, the largest banking event in Wisconsin, on Feb 4, 2020.
The award is granted to one Wisconsin community banker each year. The person must be a Wisconsin bank CEO or president who has made an outstanding effort in service to his or her bank over their career, who invests in the continued vitality of their communities, and to the banking profession as a whole.
A photo is available upon request.
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The Wisconsin Bankers Association is the state’s largest financial industry trade association, representing nearly 235 commercial banks and savings institutions, their nearly 2,300 branch offices and 23,000 employees.
By, Eric Skrum