David Thompson, MidCountry Bank
Title: Chief commercial banking officer
Industry veteran David Thompson is working to drive growth with business clients as the new chief commercial banking officer at MidCountry Bank.
Thompson said joining MidCountry appealed to him because it “not only has the capital to move this bank forward but also has the strong desire to do it.”
MidCountry, a full-service, privately held community bank, will appeal to commercial and industrial clients because it offers knowledgeable bankers, can make quick decisions and is easy to work with, Thompson believes.
He came to MidCountry from Associated Bank, where he was a Minneapolis-based executive vice president. He previously was with U.S. Bank for 28 years, most recently as senior vice president in charge of Twin Cities’ commercial banking.
Thompson will focus on helping to build and support relationships with business clients, adding to strong commercial real estate and agricultural business at MidCountry. “We want to expand our commercial and industrial business, and that’s what I’ve done for most of my career,” he said.
As its commercial banking business grows, MidCountry likely will hire new bankers to join the experienced ones now on staff. Thompson said he and president and CEO Steve Meads would share their extensive experience with them.
Thompson has a bachelor’s degree in finance from the University of Minnesota’s Carlson School of Management, where he now is an undergraduate advisory board member.
MidCountry, headquartered in Bloomington, has a regional presence in Minnesota, southern Illinois and Nevada.
Q: What can MidCountry offer business clients?
A: You have to make sure you have all the products and services they need to be successful. You have to have educated bankers who can talk relevantly with that client regarding the products and services that they need. You’ve got to make sure that you can deliver on what you talk about. When I did my due diligence on MidCountry, I found we’ve got the products and services, we have knowledgeable bankers, and we’re going to add to that banker pool, and we’ve got the desire to execute.
Q: What’s the business climate like for your commercial clients?
A: It is recovering. The businesses in the Twin Cities region are still cautious but far more optimistic than they were even 18 months ago. They’re considering growth plans, they’re considering buying new equipment and they’re looking at expansion, things that weren’t on the table 18 months ago.
Q: What motivated you to choose banking as a career?
A: Monopoly. When I was 4 years old, I was always the banker in Monopoly. I always knew I was going to be a banker. In 1976, I started in the business and I’ve never left it. I have three younger brothers and when we get together … we play Monopoly.