Steve Tscherter Honored for 50 Years of Service
Steve Tscherter, former President and CEO of Lincoln Savings Bank (LSB), was recently honored by the Iowa Bankers Association (IBA) for 50 years of service in banking. IBA President and CEO John Sorenson along with Dan Vessely, President of the Iowa Bankers Mortgage Corporation (IBMC), presented the 50 Year Service award to Tscherter during a ceremony at Lincoln Savings Bank’s Reinbeck location on February 1, 2018.
“Iowa banks have been a trusted resource for Iowans for more than 100 years. We are honored to have the commitment and experience of bankers like Steve, who have worked to provide valuable service to Iowa bank customers and their communities for more than half a century,” said Sorensen.
Tscherter started his career in banking in 1968 as a bank examiner with the FDIC. He continued his banking career in 1976 as a VP with Iowa State Bank in West Bend, Iowa, (now West Iowa Bank). Then, in 1979, Tscherter joined LSB as a Senior VP and CEO. In the fall of 1993, he was appointed President/CEO of Lincoln Savings Bank and remained until his retirement on January 1, 2015. Steve continued to serve on the Board of Directors for Lincoln Savings Bank through January of 2018.
Throughout his distinguished career, Steve served on a variety of financial industry boards and committees. He was a board member for Iowa Independent Bankers from 1994-1997, serving as president in 1996. The Community Bankers of Iowa (formerly Iowa Independent Bankers) recognized Steve with the Robert D. Nixon Founders award in 2007, an honor for those bankers who have devoted their lives, and livelihoods, to their communities. He was a board member for the IBA in 1996 and was an advisory board member for the Bankers’ Bank of Madison, Wisconsin from 2004-2011. Steve also served as a board member for the IBMC from 2003 through 2011, filling the role of chairman from 2005 to 2011.
Steve was also an active community volunteer throughout his career. He was particularly passionate about Dollars for Scholars, serving as the founding president for the Grundy-Reinbeck chapter in 1991 and on the board for more than two decades. He served on the boards of the Grundy County Chemical Dependency Service Center, Reinbeck Community Development Association and the Reinbeck Lions Club. Steve was elected into the Cedar Valley Junior Achievement Business Hall of Fame in 2012. He also served on the Greater Cedar Valley Alliance & Chamber Board, including a term as chairman. In 2013, Tscherter was named the winner of the “Fulfilling the Vision of One” award sponsored by the Greater Cedar Valley Alliance & Chamber for his civic work in the Cedar Valley.
With great sadness, we note that Steve passed away on February 11, 2018, following a short battle with cancer. His legacy lives on through the many family, friends, colleagues and communities he touched throughout his life.