2014 is an historic year for Lincoln Savings Bank. On May 28th, a ground breaking ceremony was held on our new site in Ankeny. The opening of that branch late this year will mark the end of a significant career in banking for LSB’s President, Steve Tscherter. Tscherter graduated with the class of 1964 from Ankeny High School. He then graduated from Grandview College and later earned his bachelors in accounting from Drake University. After working as an FDIC bank examiner and serving as the Vice President of Iowa State Bank in West Bend, Steve joined Lincoln Savings Bank in 1979 as Senior VP and CEO. At that time, LSB had just two branches in Reinbeck and Lincoln, and $30MM in assets.
Guided by Steve’s leadership and vision, the bank will be building its 17th bank branch – 23rd locations inclusive of non-bank financial services locations – and currently has assets of over $700 Million. In 2014, a years-long transition plan kicked into motion and CEO responsibilities shifted to Erik Skovgard. At the end of this year, Steve will retire and Erik will assume the additional responsibilities of President.
Congratulations for an excellent career, and for navigating Lincoln Savings Bank through some turbulent waters years ago and shaping it into an Iowa community banking leader!