LSB Plus

Together, we can help you achieve and provide.

  • Personalized wealth planning
  • Focused on your goals
  • Balancing today's needs with tomorrow's vision

How LSB+ Started

Our CEO Erik Skovgard developed LSB+ because of his grandfather's influence. Here's how it all happened.

My grandfather has been an inspiration for my professional career.

Because of him, I have a true passion for my job and the important work we do at Lincoln Savings Bank to provide professional advice, great financial products, and superior services. The lessons I learned from him guide me every day and are the motivation behind developing LSB+.

My grandfather was a hardworking man who built a business from the ground up.

The business was growing and provided a comfortable life for my grandparents and their children for many years. His hard work paid off and the future looked bright.

Then a fire destroyed the business.

That should have meant, at worst, a loss in revenue while the business rebuilt. The time to rebuild would set him back, then sales would pick back up and everything would be fine again. But, the business was not properly insured, and the cost to rebuild was too great. Just like that, the successful business that took years to build was reduced to something much smaller. My grandfather also developed lung cancer in the years following the fire.

With no health or life insurance, the cost of treatments dealt another financial blow to my grandparents.

My grandfather quickly went from being a highly successful business owner to having fewer assets to leave his wife and family. His story should not have ended that way. He was a very hardworking man who was good at his trade. My passion is making sure his story is not repeated.

If my grandfather had a trusted financial advisor who took the time to ask him a few questions to help uncover his financial vulnerabilities, things would have been very different.

That’s why LSB+ is so important to me.

It doesn’t leave our customers’ financial health to chance. We proactively work with customers to leave the legacy their life work deserves.

Erik Skovgard
President & CEO

We strive to give you peace of mind about your most valuable assets – you and those you care about.

Every day along life's journey, we take steps to protect those things that are closest to us – our homes, our health, and our families. Your financial security should be no different.

Preparing for uncertainty gives us confidence in the future.

Do you fully understand the biggest risks you face? Losing your ability to work? A large, sudden need for cash? Leaving your family without proper planning? We want to help you address potential threats to your financial future, and provide objective advice on how to best manage them.

We can provide the tools to help you maximize your cash flow and balance sheet, now and in the future.

The process of balancing the needs of today with tomorrow’s goals requires daily work.

From the foundation of a solid protection strategy, our philosophy of creating a plan, paying yourself first, and keeping expenses reasonable will help you as you strive for financial security. Our LSB+ team is trained in various topics, such as budgeting, investing, and creating diversified income sources in retirement.

Decisions made today impact tomorrow. Leave a legacy that will impact your family and community far into the future.

“What will your legacy be?”

You don’t need to choose between living a comfortable retirement or leaving behind a lasting legacy. With the proper strategy, they can work together. We help you create a seamless plan that provides for those you care about, whether it is your family, your business, or a favorite charity.

We would be honored to be your engaged, lifelong partner, helping you achieve your financial goals.

Lincoln Savings Bank is a full-service Central and Northeast Iowa bank dedicated to local customers and communities since 1902.