Longtime community banker joins ICBM board

Jackie Herman, executive vice president and chief operating officer at Wayzata-based Flagship Bank Minnesota has been elected to the ICBM Board of Directors. Herman joins the board as Director-at-Large and will serve a 3-year term, beginning Sept. 28. 

As COO of Flagship Bank since 2016, Herman oversees finance, information security, technology, audit and compliance, risk management and human resources. She also serves on the risk management team that oversees the $300 million Flagship Bank and it’s $650 million affiliate, Security Bank & Trust Co., of Glencoe. Together, the two institutions operate 19 bank offices.

“Over the three decades I’ve been in this industry, community banking has changed, and so has the world,” said Herman, pointing to the role of technology and the emergence of artificial intelligence. “By paying attention to the opportunities, we should be able to pivot to embrace new solutions.”

A native of Atwater, Minn., Herman’s career in banking extends back to 1988, when she began as a data processing specialist at her hometown bank. Herman stayed at the former Atwater State Bank, now Harvest Bank, for 20 years progressing to vice president of operations and finance. Prior to joining Flagship Bank in 2010 as chief financial officer, Herman worked for two years at Eagle Community Bank in Maple Grove as EVP/COO.

“Jackie is a versatile and talented professional who will bring energy and expertise and leadership to the Independent Community Bankers of Minnesota,” said Jim Amundson, president and CEO. “Her strategic planning experience will be a true asset for the association. I look forward to her contributions.”

“I’m seeking to preserve the vital role that community banks play in their respective communities and economies,” Herman said. “ICBM takes pride in knowing it helps member institutions rise to the challenges we face.”

Herman has served on the board and the executive committee of the Greater Wayzata Chamber of Commerce and helped set up its five-year strategic plan. In 2014, she was honored by Finance and Commerce with its “Top Women in Finance” award. In 2011, she was named a “Rising Star in Banking” by BankBeat magazine. Herman is a member of Women at the Top, or WATT, and serves on the Minneapolis-St. Paul Business Journal’s Women’s Leadership Council, which connects women across industries.

Herman’s election to the ICBM board was unanimous. The ICBM board now has 19 seats.

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