Siouxland Business Journal - March 2014

Vol. 22 No. 3 PO Box 118, Sioux City, Iowa 51102

March 2014

Changing banking landscape

FINANCIAL ISSUE

New entrants enter Sioux City market

INSIDE THIS MONTH’S ISSUE: Local delegations travel to Des Moines, Pierre. PAGES 5, 7 Think that renewal rate from your health h insurer is a good deal? Think again.

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BusinessJournal Ron Peterson, publisher Dave Dreeszen, editor Siouxland Business Journal is published monthly by Sioux City Newspapers Inc., in cooperation with the Siouxland Chamber of Commerce.

Requests for a free subscription or address changes should be sent to: Kevin McGarry Siouxland Business Journal Box 118 Sioux City, Iowa 51102

Vol. 22 No. 3 PO Box 118, Sioux City, Iowa 51102

March 2014

Editorial copy should be sent to: Dave Dreeszen Siouxland Business Journal editor Box 118 Sioux City, Iowa 51102 dave.dreeszen@lee.net

Changing banking landscape

For more information: Editorial: (712) 293-4211 or 800-397-9820, ext. 4211 Advertising: (712) 224-6275 or 800-728-8588 Circulation: (712) 293-4257 or 800-397-2213, ext. 4257 On the web: www.SiouxlandBusinessJournal.com

Index

3

FINANCIAL ISSue

New entrants enter Sioux City market

INSIde thIS MoNth’S ISSue: Local delegations travel to des es Moines, Pierre. PA PPAgeS AAge ge 5, 7

Business Know How .........................................page 11

Home & Office ..................................................page 10

Business People ............................................... page 17

On the move .....................................................page 15

Chamber anniversaries ...................................page 19

Ribbon cuttings ............................................... page 20

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Chamber investors...........................................page 19

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Transmission line towers

Clean Line to place $200M order for Sabre towers DAVE DREESZEN

Officials pose in front of a 150-foot utility pole strapped to a trailer at Sabre Industries Sioux City plant. Sabre has signed an agreement to supply more than 2,000 such poles to Clean Line Energy for a 500-mile transmission line. From left are Hans Detweiler, Clean Line’s director of development; Iowa Economic Development Director Debi Durham; Clean Line President Michael Skelly; Sabre President and CEO Peter Sandore and Sioux City Mayor Pro Tem Keith Radig.

Business Journal editor‌

SIOUX CITY | A highvoltage transmission line slated to export wind power generated in Northwest Iowa will deliver up to $200 million Sandore in business for the Sabre Industries plant in Sioux City.

Clean Line Energy Partners has agreed to buy an estimated 2,000 to 3,000 poles, from Sabre, or about four to five poles per mile, for the 500-mile Rock Island Clean Line that is scheduled to cross Iowa and Illinois, transporting wind-generated electricity to Chicago and other points east.

At a Feb. 17 news conference at the Sabre plant, Clean Line President and Sabre President and CEO Peter Sandore formally signed a deal that designates Sabre as the

Dave Dreeszen, Sioux City Journal

Durham

Skelly

“preferred supplier of transmission structures” for the $2 billion transmission line.

“We really fortunate there is a facility here that can make the towers that we need and get them at an economical cost out to the field where we will erect them,” Skelly told more than 50 local officials who gathered in Sabre’s newly-opened office building in the Southbridge Business Park.

Sandore said the Clean Line order will produce a demand for

Clean line, page 22

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Chamber talks Hwy 20, economic development with Branstad Discussion also dealt with local Poison Control Center MIKE WISER

Journal Des Moines Bureau

DES MOINES | Gov. Terry Branstad said he’d like to see Iowa insurance companies put some money toward the state’s poison control center just like the state’s hospitals have.

“I’m very willing to make a call on John Forsyth,” Branstad said, referring to the Wellmark CEO whose company headquarters is in Des Moines. “I’d like to see (insurance companies) make some type of contribution.”

Branstad made the offer to Linda Kalin, director of the Iowa Statewide Poison Control Center. The Sioux City center has a $440,000 budget hole and Kalin asked the governor for some “sustainable” financial help.

Her request was one of four topics a delegation from the Siouxland Chamber of Commerce pressed during their half-hour with the governor and Lt. Gov. Kim Reynolds on Jan. 29.

“Our message is one of ‘Please make sure we don’t lose sight of the issues that are pressing in western Iowa,’” said Chris McGowan, president of the Siouxland Chamber of Commerce. “At the top of the list is always going to be economic development and creating opportunities and creating jobs for our young people.”

The Chamber-led group of about 30 local government and business officials, plus 28 members of the Mayor’s Youth Commission, filled a basement conference room, where they listened to the governor talk about his efforts to fight a cut in the amount of biofuels required by the federal Renewable Fuel Standard and recount his work on behalf of Beef

Submitted

Gov. Terry Branstad, at the end of table, meets with Sioux City leaders during the Siouxland Chamber of Commerce’s annual Des Moines Day on Jan. 29.

Products Inc., which came under scrutiny for lean finely textured beef product in 2012.

The Siouxland group also asked the governor to keep Tax Increment Financing in place, thanked him for his work on anti-bullying

legislation and pushed for a fourlane U.S. 20.

“You have my full support,” Sioux City schools Superintendent Paul Gausman told the governor in reference to the governor’s anti-bullying proposal,

House Study Bill 525.

“This absolutely needs to be done,” he said.

The group closed the meeting with a pitch to the governor on expanding U.S. 20 to a four-lane highway across the state.

“The four-lane Highway 20 for the remaining miles is critical, not only is it critical to us for job creation and for our companies to have an efficient route to get their goods into commerce, it’s also about {span}relieving pressure on the other highways and interstate,” McGowan said.

Earlier in the day, the Siouxland delegation also discussed the pace of widening the remaining 44 miles of two-lane Highway 20 with Iowa Transportation Director Paul Trombino. Before returning to Sioux City, the group also met with Republican House Speaker Kraig Paulsen, of Hiawatha, and Senate Majority Leader Mike Gronstal, D-Council Bluffs.

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Dakota Valley leaders return from Pierre trip DAVE DREESZEN

Business Journal editor

PIERRE, S.D. | About two dozen business leaders from North Sioux City and Dakota Dunes traveled to the South Dakota capitol in Pierre to meet with Gov. Dennis Daugaard and other top state officials.

The annual Pierre Days trip, which took place Feb. 11-12, was organized by the Dakota Valley Business Council.

Along with Daugaard, the delegation met with Lt. Gov. Matt Michels, Attorney General Marty Jackley and the secretaries of revenue, education, economic development, labor and transportation.

Other meetings were with Republican and Democratic leaders in the House and Senate.

The DVBC, formed in the early 1990s, is a consortium of business people working on local and state business and legislative issues as a means of improving the business climate in North Sioux City and Dakota Dunes.

“The point of the trip to Pierre is not to go out and lobby each year,” said Jim Towler, chair of the DVBC Legislative Committee. “It’s about maintaining relationship that we’ve established with the governor and the lieutenant governor and the department heads.”

The DVBC’s priority issues for the 2014 legislative agenda include: – Continuing workforce development; supporting the flexibility of the Future Fund and REDI Fund; – Supporting ongoing implementation and funding of economic development programs to enhance growth in the state; – Encouraging the legislature to fund transportation as it is a critical economic development component; – Maintaining a solvent unemployment insurance fund; – Supporting an appropriate funding for K-12 and higher education, including technical institutes.

Gov. Dennis Daugaard is shown on the steps of the South Dakota Capitol rotunda with members of the Dakota Valley Business Council during the group’s annual trip to Pierre, Feb. 11.

Submitted

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Siouxland Business Journal, March 2014

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$40M project planned in South Sioux City DAVE DREESZEN

Business Journal editor‌

SOUTH SIOUX CITY | A Wisconsin firm plans to construct a $40 million plant in South Sioux City that will convert much of the city’s industrial waste into natural gas.

The project is expected to create at least 30 new jobs.

Big Ox Energy signed a memorandum of understanding with the city of South Sioux to treat and convert the city’s industrial wastewater.

The city also agreed to sell the Denmark, Wis.-based company a nearly 27-acre site in Roth Industrial Park for $548,000.

Construction is set to begin late this year, with completion anticipated for early 2015. ”We look forward to a long-term relationship serving the residents of South Sioux City and several of the businesses in the surrounding area,” said Kevin Bradley, Big Ox’s business development director.

“This is an investment in long-term, sustainable waste treatment; it will keep costs low for both the city and local industry.”

The Northeast Nebraska city would continue to send all of its residential sewage and some of its industrial waste to Sioux City’s regional treatment plant, South Sioux City Administrator Lance Hedquist said.

For several years, South Sioux City has been considering building its own treatment plant. Hedquist said city officials will monitor the Big Ox Energy project to see if that is still necessary. At a minimum, it will significantly reduce the industrial waste now sent through pipes beneath the Missouri River to the Sioux City plant. ”This is positive news for our rate payers,” he said.

Hedquist said the Big Ox bioenergy facility would help make South Sioux City more attractive to new or expanding industries.

The Roth park is home to a number of agrelated industries that are large industrial waste producers, including Beef Products Inc., Richardson Milling and {span}Natures BioReserve. ”This should be a great fit for the industries in the area, and the jobs they create are always a positive for the community as well,” said Kelly Flynn, South Sioux City economic development director.

Big Ox’s cutting-edge technology includes an anaerobic digestion process that

Tim Hynds, Sioux City Journal file

The entrance to Roth Industrial Park in South Sioux City is shown Sept. 11, 2012. Big Ox Energy, of Denmark, Wis., recently announced plans to build a $40 million plant in the park that would convert municipal and industrial waste into clean-burning fuel.

extracts organic waste nutrients to create methane. The clean-burning fuel is then sold into the natural gas pipeline for customer use.

Flynn, Hedquist, Mayor Bill McLarty, Councilman Dennis Nelson and Leonard Gill, who operates a landfill near Jackson, Neb., traveled to Wisconsin to observe Big Ox Energy’s process.

Sioux City Public Works Director Jade Dundas said a new wastewater treatment facility in South Sioux City would mean less revenue but also fewer costs for Sioux City. A portion of the revenue from South Sioux City is used for expenses such as maintenance and day-to-day operations, Dundas said.

Removing South Sioux industrial waste from the Sioux City plant also would free up more capacity, which would be available for future economic development, he said.

Journal reporter Nate Robson contributed to this story.

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Siouxland Business Journal, March 2014 9

Mercy Sioux City CEO to retire DAVE DREESZEN

Business Journal editor

SIOUX CITY | Mercy Medical Center President and CEO Bob Peebles, who led the Sioux Citybased health care system for more than four years, will retire April 1.

Peebles announced his retirement to the Mercy board of directors on Jan. 23.

A transition plan has been developed that includes interim leadership and formation of a committee to lead the search for Peebles’ permanent replacement, Mercy Health Network President and CEO David Vellinga said.

Vellinga praised Peebles as “an accomplished executive devoted to the Catholic health care ministry.”

“Through his insight and leadership, Bob made numerous contributions to Mercy and to the Siouxland area during the past five years,” Vellinga said.

Under Peebles’ leadership and direction, Mercy continued to

extend its healing ministry to the poor – particularly those who are homeless, have no support networks and have no voice regarding access to care. Peebles also was a leader in supporting the Welcome Home Project, a shelter for homeless families.

Focusing on initiatives for improving patients’ health care experience and various populations’ health, and reducing health care costs, Peebles had a significant impact on per-unit costs through improvements in productivity by means of work redesign and attrition, the release said.

Peebles also supported the recruitment of additional cardiologists and a cardiothoracic surgeon to Mercy. Under his helm, a new hospital-employed group of physicians, Mercy Cardiology, was formed.

Peebles also was instrumental in fostering a partnership between Mercy and the Siouxland Surgery Center physician partners.

“Serving as a leader at Mercy – Sioux City has been one of the greatest honors of my professional career,” Peebles said. “When you’re surrounded by wonderful people doing such outstanding work every day, it’s not easy to make the decision to retire.

However, I’m able to do so with every confidence the Mercy team and its system affiliates will do a great job of continuing to move the organization forward under new leadership.”

Peebles, a veteran hospital administrator who served stints in large metro areas that included Detroit and New York City, was appointed interim Mercy president and CEO in May 2009, following the retirement of president and CEO Paul Dougherty. Peebles was given the job on a permanent basis a year later.

Before coming to Sioux City, Peebles served as chief adviser to the board of the Michigan Peer Review Organization, the quality

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In this July 8 file photo, Bob Peebles, president and CEO of Mercy Medical Center-Sioux City, holds a map showing University of Iowa Health Alliance locations in Sioux City. Peebles recently announced he will retire on April 1.

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Am I feeling the Winter Blues?

The topic of the weather seems to be a great conversational piece, but is more than just bundling up, shoveling, and posting on Facebook the wind chill or high temperature for the day. The cold weather, less sunlight, and gloomy days may have people feeling the Winter Blues. Living in this part of the country we should be used to all of this by now, right?

However, there are many people experiencing the Winter Blues or the scientific name is Seasonal Affective Disorder (SAD). SAD is a mood disorder affecting anywhere from 5 to 14 percent of people living in the northern states.

The majority of individuals impacted SAD experience symptoms in the winter, but some can experience this disorder in the summer months as well.

Symptoms of the Winter Blues:

Home & Office Jessica Dominowski

· Getting tired often and may begin to feel lethargic and lack of energy. · An increase in appetite by craving carbohydrates · Concentration issues · Being sad, irritable, withdrawing from friends and family · Increase in feelings of guilt, anxiety, and hopelessness · Mood changes, shift in their energy levels, and even a negative impact on daily living.

There are ways that the “Winter

Blues” can affect us at home but how about at work? An employee may have difficulty getting up in the morning, being on time, struggle with concentration and completing tasks, and may be ill more due to experiencing depressive symptoms. Over time, these may directly affect an employee’s work performance and absenteeism.

Ways to beat the Winter Blues: · Make it a point to expose oneself to sunlight more often. Sit by a window for a half hour, go for a walk outside over your lunch hour, and look for other opportunities to get sunlight into your day. · Wake up and turn on your bedroom lights as soon as your alarm goes off due to the winter season can make you want to sleep longer and not get out of bed. · Exercise to increase your

serotonin and improve your stress level and mood. Exercise also increases your circulation and keeps your body and mind fresh through oxygenation, which in return helps relieve you from stress. · Eat well-balanced meals to help boost your mood and energy levels to stay focused and active especially during the gloomy days. Consume more protein, vegetables, fruits, and complex carbohydrates. Add vitamin D to your diet as well. Decrease and avoid excessive salt, caffeine, processed foods, sugar, fat, and alcohol consumption to avoid putting on weight in the winter. · More than anything is to get quality sleep for proper hormonal balance and mental sharpness during the day. Keep a schedule to go to bed and to wake up at the same time every day to improve sleep patterns.

There are many ways this can impact a person’s life, but having the knowledge and recognition that this is temporary can be part of the ways to cope with SAD. Also, during spring and summer, begin to prepare for the winter months by appreciating the sunlight, creating healthy habits of eating and exercising, and creating a schedule for sleeping habits to help decrease the symptoms of the Winter Blues.

If you’re feeling blue this winter and if the feelings last for several weeks, talk to a health care provider.

For more information about Mercy Business Health Services, worksite wellness programming, please contact Jessica Dominowski, EAP counselor, Mercy Business Health at 712-274-4301 or via e-mail at dominowj@mercyhealth.com.

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2. Eat a healthy breakfast daily such as whole grain cereal, eggs, fresh fruit, yogurt or smoothie to lose weight, improve your energy level and enhance your focus and productivity.

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Banks make in moves Sioux Recent months bring new entrants, name change, renovations

T

DAVE DREESZEN

ddreeszen@siouxcityjournal.com

he metro Sioux City banking landscape continues to change. Here is a rundown of one financial institution entering the market for the first time, another expanding into Sioux City, a major reconfiguration of a larger bank’s offices downtown and a recent name change for another local institution.

City

GREAT WESTERN BANK Great Western Bank announced plans in August to enter the Sioux City market.

The Midwestern bank is waiting for final regulatory approval to open a downtown location at 600 Pierce St. on the ground floor of the historic Davidson Building.

Bank officials hope to have the fullservice office up and running by the first week in May, said Ed Den Beste, a veteran local banking executive who was tapped as the bank’s Sioux City market president.

“We are very excited to expand into the Sioux City market and believe that we have a great opportunity to offer our full suite of products and services,” Den Beste said.

Great Western Bank, chartered in 1907 in the small town of Leon, Iowa, has grown into a regional bank with more than $9 billion in assets and 200 locations in seven states. Its territory includes Iowa, Nebraska, South Dakota, Arizona, Colorado, Kansas and Missouri.

Great Western will be the first occupant in the Davidson Building since the interior of the sixstory structure was gutted as part of local businessman Lew Weinberg’s plans to redevelop it. The Davidson and its next door neighbor, the former Warrior Hotel, were the centerpiece

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Siouxland Business Journal, March 2014

of a $121 million casino and hotel proposal pitched by a group led by Ho-Chunk Inc. Iowa gaming regulators in April awarded the state license instead to the Hard Rock Hotel & Casino Sioux City.

F&M BANK After a half century of doing business in northeast Nebraska, F&M is preparing to open its first Iowa location.

F&M acquired the former First Class Credit Union building at Third and Virginia streets in downtown Sioux City.

Extensive upgrades are nearing completion, with the full-service branch expected to open in mid-March, Market President Tom Baurichter said.

The modernization projects includes replacing the flooring with new tile and carpeting and building custom-made cabinetry, he said. An electronic message board and drive-up ATM machine was recently installed.

F&M has South Sioux City locations at 2024 Dakota Ave. and 3300 Plaza Drive, and single offices in Gretna, Wayne and West Point, Neb. “A lot of our customers who are on the Iowa side of river have asked up for years when we would get a location in Sioux City,” Baurichter said. “We’ve been looking for the right location. I’ve had my eye on the (Third and Virginia) location for about three years. I guess all the stars aligned in the right order.”

The recent opening of the new Third Street connector to Wesley Parkway is

funneling a great deal of traffic past the new branch, he said.

“I think it’s going to be a nice gateway into in the community,” Baurichter said.

The corner will be heavily landscaped later this year.

“We feel like its going to be a very attractive corner,” he said.

F&M, which celebrated its 50th anniversary in November, was originally known as Dakota County State Bank. The bank offers a full array of financial services, including F&M Insurance Associates, a full-service insurance agency, and F&M Wealth Management, a full-service investment department.

gutted and extensively remodeled firstfloor atrium space that has been vacant since a fast-food restaurant closed down shop several years ago.

The bank’s existing first floor space, which houses its teller windows, personal banking and retail mortgage services, also was given a major facelift.

Siouxland Market President Jason Gehling said the changes have been very well received by customers and employees alike.

“The customer experience, we’re hearing and as was our goal, is much better,” Gehling said. “All our services are available on one level. It’s actually been great, it’s a better use of our space. As a social aspect you run into more employees and a greater variety of employees as well.”

WELLS FARGO BANK Wells Fargo in July completed a reconfiguration of its offices in the atrium of the Ho-Chunk Centre.

Wells Fargo’s 30-year lease in the twostory was set to expire last year, opening up an opportunity for the bank to upgrade its space and put all of its 50 downtown employees on the main floor The bank moved the wealth management and commercial banking sections from the second floor down to the first. It NORTHWEST BANK Northwest Financial Corp. in October completed the merger of two of its banks, Northwest Bank and First National Bank.

First National Bank offices in Sioux City, Le Mars and Sioux Center, Iowa, adopted the Northwest Bank name.

The merger will provide the operation with new growth opportunities, and allow Northwest Bank to increase lending capabilities and provide new products and services

Photo illustration, Deborah Hile, Siouxland Business Journal

in the former First National Bank service areas,” aid Dwight Conover, chairman of Spencer-based Northwest Financial.

“The change will also strengthen the bank’s ability to reinvest into its communities and employees—all under a strong and diverse leadership team.”

Regional President Dan DeBoest said the goal was to “make sure customers would be able to keep banking the same way they always have, without changes to their current accounts and services, and to keep the transition “simple and do the best we could to minimize the amount of change to our customers day-to-day banking service.

In addition, customers continue to bank with the “people they have grown to know and trust and continue to experience the outstanding service they have always received,” he said.

The expanded organization is one of the 10 largest banks in Iowa, with $1.3 billion in assets and over $123 million in capital and serving 13 of the 19 counties that make up northwest Iowa.

In Sioux City, Northwest Bank has its main location at 5801 Sunnybrook Drive, a midtown branch at 1703 Pierce St. and a westside branch at 818 W. Seventh St.

13

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Siouxland Business Journal, March 2014

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OnTheMove Security National promotes 3 officers SIOUX CITY | D. Douglas Rice, president of Security National Bank, announced three officer promotions following the SNB January board of directors meeting.

Jeremy Craighead was named senior vice president of retail banking services.

Craighead b e ga n h i s career with Security National in May of 2001 Craighead a s a p e rsonal banker. In 2007, he was named retail banking officer and assistant vice president in June of 2010.

Then, in August of 2011, he was named vice president.

His responsibilities include the day-to-day management and supervision of the bank’s retail division which includes personal banking, teller ops, branch locations and mortgage loan services. Craighead also serves as the bank’s BSA Officer.

Craighead earned his BA from the University of Northern Iowa in 2001 and is a graduate of the Iowa school of Banking.

Additionally, in 2013, he graduated from the Graduate School of Banking in Boulder, Colo. He serves on the bank’s Asset/Liability, Loan, Pricing and Risk Committees.

Craighead serves on the District Advisory Council for the Sioux City Community Schools. He has previously held board positions with Leadership Siouxland, Habitat for Humanity, and Sioux City Growth Organization and served as the chair for the Business Roundtable of the Siouxland Chamber of Commerce. In 2011 he was the chair of the Bank’s United Way Campaign. He also

serves as a volunteer youth coach.

Matt Campbell was named vice president – commercial services.

Campbell joined Security National in June of 1998 as a personal banking representative.

Campbell In August of 2002, he was promoted to mortgage lender and then moved to Security’s Northside branch as the branch manager in 2004. He was promoted to commercial lender in 2006, named commercial services officer in 2010 and assistant vice president in May of 2011.

Campbell is responsible for business development, primarily in the commercial, small business and medical markets.

Campbell has a BA from Morningside College and a MBA from the University of South Dakota. In addition, he is a graduate of the Iowa Bankers Association’s Commercial Lending School in Cedar Rapids, Iowa and the American Bankers Association’s National Commercial Lending School in Dallas, Texas. He is currently in his second year at the ABA Graduate School of Banking in Madison, Wisc.

Campbell is a former board member and past President of Siouxland Habitat for Humanity and Sioux City Growth Organization. He also served as an ambassador for the Siouxland Chamber of Commerce. Currently he is vice president of the Morningside College Alumni Association, and president of the Sux Tri Club, as well as a volunteer youth coach.

Matt Stachowitz has been promoted to retail banking officer.

Stachowitz is responsible for retail credit review,

compliance issues on retail loans and accounts, as well as implementing n ew b a n k Stachowitz regulations and training. He also assists customers with their consumer lending needs.

In addition, he will take on added responsibilities in the bank secrecy areas and serve as BSA administrator for the bank.

Stachowitz is a graduate of Morningside College with a business degree and emphasis in marketing and advertising. Stachowitz joined the bank in May of 2007 as a personal banker and has served the retail division in a number of different capacities.

He attended the Iowa Bankers Association’s (IBA) Compliance School in 2012 and the IBA’s Bank Secrecy Act Compliance School in 2013.

Stachowitz is a past member of the Sioux City Growth Organization and Leadership Siouxland and is currently a member of Woodbury County Recovery Fund and a volunteer youth soccer coach.

Engineer joins Sioux City office SIOUX CITY | Tyler Eldridge has joined McClure Engineering C o.’s n ew Sioux City office.

Elridge, a Sioux City native and 2005 graduate of West Eldridge High School, earned his B.S. degree in civil engineering in 2011 from Iowa State University.

He will be part of McClure’s water environment team in Sioux City.

www.siouxlandbusinessjournal.com

OnTheMove F&M Bank promotes two vice presidents

spring of 1998 before joining the firm in 1998 as a staff accountant. He received his CPA certification in 2000 and was promoted to senior accountant in 2001; supervisor in 2003 and manager in 2007.

Anderson has experience in managing accounting, auditing and income tax services for individuals and businesses in various industries including agriculture, construction and banking.

In his previous position as manager, Anderson was responsible for client services and consultation, as well as the execution of various projects for KRP clients.

In his new role, Anderson will be directly responsible for client account management and business development. Additionally, he will continue to lead and manage KRP’s internship program.

He and his wife, Pamela, reside in Akron, Iowa, along with their four children, Charlie, Max, Jack and Campbell.

WEST POINT, NEB. | The F&M Bank Board of Directors has announced the promotions of Brent Ruch to vice president and Jared Noteboom to assistant Ruch vice president Ruch’s primary duties are consumer lending, compliance, m a rke t i n g Noteboom and security.

Ruch, a graduate of Iowa State University, has been employed with F&M Bank for more than 10 years.

Noteboom’s primary duties are consumer lending and branch manager of F&M Bank’s new Sioux City branch, which is scheduled to open this spring at Third and Virginia streets.

A South Sioux City native, Great Western hires Noteboom has been embusiness banker ployed with F&M Bank for more than three years. He is SIOUX CITY | Great Westa graduate of Morningside ern Bank has hired Brandon College.

Krotz as a business banker for its new Sioux City CPA firm names branch.

K r o t z new partner has been in SIOUX CITY | Kevin An- banking in derson has been appointed a t h e S i o u x partner with King, Reinsch, City area for P rosse r & more than 13 years.

Co., L.L.P. Krotz Anderson He has the has been professional designation of with the Certified Lender Business Sioux CityBanker (CLBB), which is based firm endorsed by the American of certified Banking Association for public ac- Anderson professionals and whose primary function and excountants and consultants for more pertise is in the provision of than 15 years. credit and financial transacHe graduated from the tions for businesses and/or University of South Dakota corporations. Krotz is one in December of 1997 with of 96 in the U.S. who holds a B.S. in accounting. He the CLBB, and the only cominterned with KRP in the mercial lender in Iowa with

the designation.

Siouxland Business Journal, March 2014 15

We Repair Drive Shafts!

Four named to Alorica management NORTH SIOUX CITY | Alorica in North Sioux City has added several positions to its management team.

Francisco Morales recently joined Alorica as a team manager for one of the site’s newest clients. He previously was employed as a data services Morales manager and technical engineer for a wireless company.

L i n d a Smith recently joined Smith Alorica as a recruiter.

She previo u s ly wa s employed as a manager at Dollar General and also w a s w i t h Phaly Gateway in the service and support field.

She has several years of customer service and Wessel management experience.

AnhDao Phaly has accepted the position of team manager. Phaly began her career at Alorica in April 2011 as a customer service representative and later served as a leadership intern.

She has several years of call center experience.

Gene Wessel has accepted the position of team manager. Wessel joined Alorica in February 2010 as a customer service agent. He previously was employed in retail management and at an area call center.

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Siouxland Business Journal, March 2014

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You never know what life will throw at you.

We never forget you are an individual. And you have your own health needs. That’s why at UnityPoint Health, we take a more personal approach, surrounding you with coordinated care between your doctor’s office, your hospital, and in your home. So you’ll have access to the level of care you need. So you’ll be treated where it makes the most sense for you. So you’ll be more involved in managing your own health. The point of coordinating care is to find the best way to get you healthy and keep you that way. No matter what surprises life throws your way. UnityPoint Health.

The point of unity is you.

unitypoint.org

St. Luke’s | UnityPoint Clinic | UnityPoint at Home

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BusinessPeople Unity Point announces officers UnityPoint Health – St. Luke’s announces the organization’s 2014 board members.

Newly elected officers include: Chair Skip Perl e y, Te c Corp; Vice Chair Garrett Smith, American Pop Corn Perley C o. ; Se c retary Dr. Jon Peacock, Cardiovascular Associates; Treasurer Lynn Mills, Mills-Shellhammer-Puetz & Associates; and Immediate Past President Ellen Kaplan, LeGrand & Co. In addition, the Board also includes Dr. Angela Aldrich, Siouxland OB/GYN; Dr. Eileen Barto, UnityPoint Clinic Family Medicine at Sergeant Bluff; Dr. Paul Eastman, Siouxland OB/GYN; James Jensen, Great West Casualty; Elise Kreisberg, Greenberg Jewelers; Flora Lee, Northwest AEA; Dr. Steven Shook, Family Health Care of Siouxland; Jeffrey Stanley, Wells Enterprises Inc.; Dr. Todd Stephens, Medical Imaging Physicians; Rich Waller, Security National Bank; and Beverly Zenor, Sunrise Retirement Community.

St. Luke’s also recognizes the contributions and efforts of two long-time, outgoing board members: Charese Yanney, Guarantee Roofing & Siding, and Dr. Jeffrey Zoelle, UnityPoint Clinic Family Medicine at Sergeant Bluff.

Ballard completes wealth program DAKOTA DUNES | The Denver-based College for Financial Planning announces that Steven R. Ballard of Dakota Dunes has successfully completed

the Accredited Wealth Managem e n t Ad visor or AWMA professional designation Ballard program.

Individuals who complete the program must pass a final exam, and sign a code of ethics and disclosure form to earn the right to use the AWMA mark.

Study topics include understanding the wealth management process, recognizing the best investment solutions for clients, considering investments in terms of risk and return, understanding asset allocation and strategies, and considering the special planning needs of high-net worth clients and smallbusiness owners.

Several modules focus on how investment needs relate to the broader areas of insurance, taxation, estate planning, and retirement issues. Regulation and ethics for the investment professional also are addressed.

Ballard is a financial advisor with Compass Financial Partners, a financial advisory practice of Ameriprise Financial Services at 383 W. Steamboat Drive, Suite 103, in Dakota Dunes.

Northwestern Mutual honors director DAKOTA DUNES | Rick Dehner, a field director of Northwestern Mutual - Siouxland i n Da ko ta Dunes, has been hono re d w i t h the district’s Dehner “Age n t o f the Year” award.

The award recognizes overall excellence in the district network office, including productivity, new business development, and

persistency in serving and retaining clients.

St. Luke’s College names board SIOUX CITY | St. Luke’s College – UnityPoint Health announce members of its Board of Directors for the term beginning in January of 2014.

New members include: Thomas J. Lee, administrator/CEO of Providence Medical Center in Wayne, Neb.; and Linda Krei, chief human resource officer and vice president of Support Services at Mercy Medical Center in Sioux City.

Members continuing their terms include: Chair Thomas Elsen, Vice President of American Pop Corn Co.; Vice Chair Barbara Kimmel, United Real Estate Solutions; Secretary Dwight Birkley, Wagner, Ear, Nose & Throat; Treasurer Beverly Zenor, director of Sunrise Retirement Community; Dr. Angela Aldrich, Siouxland Obstetrics & Gynecology P.C.; Rhonda Moss, Extra Touch Tours; Jeanne Kleinhesselink, DNP, Sioux Center Hospital; Dr. James Quesenberry, UnityPoint Health – St. Luke’s; Dr. Kurt Rosenkrans, Family Healthcare of Siouxland;; Dr. Curtis Taylor, Dordt College; and Jacquelin Grabouski, Sioux City.

Architects elected to state board DES MOINES | Nathan Kalaher has been elected 2014 president of the American Institute of Architects, Iowa Chapter, and Toi Sullivan has been elected to the Iowa AYA chapter board.

Kalaher is co-founder of his architecture firm, PLaN Architecture in Sioux City.

Sullivan is a principal at FEH Associates Inc. in Sioux City.

Siouxland Business Journal, March 2014 17

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Siouxland Business Journal, March 2014

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Heritage Bank N.A. Can Help You Succeed In Business At Heritage Bank NA, their focus is on you their customers, communities and employees.

Their mission is to help people succeed financially. Specifically, Heritage Bank wants to help their customers meet their goals and achieve their dreams, support communities and help them thrive, and provide a sound and profitable return for investors.

A local community bank located throughout the greater Siouxland area, the full-service Heritage Bank provides exceptional customer service, a personal connection, and quick, local decision making.

They are faces to their customers, not just voices on the phone. They make it a priority to get to know you because they want to learn about you and your financial needs.

Every individual and business has its own unique financing needs and Heritage Bank offers a variety of services to help you grow.

With $600 million in assets, they are highly capitalized and want to lend money to you or your business. Their Commercial Lending team can provide all the financial tools your business needs to be successful and can provide financing for equipment, acquisition, construction and more. They have earned a Preferred Lender status with the Small Business Administration and have economic development financing partnerships in multiple communities.

They have an expert Real Estate Lending team

that can assist you in buying or refinancing your mortgage. Aimee Holder or Vicky Hassel, their Sioux City Mortgage Loan Originators, will let you know your options within 24 hours. If you have large and/or multiple deposits, want your employees to be paid by direct deposit or just need a convenient, knowledgeable banker, Heritage Bank is your best choice. They are here to help you with your banking needs whether it is for you personally or for your business.

When Heritage Bank talks about local decision making, they mean decisions are made right here in Sioux City.

They can provide a quick turnaround from application to loan closing with a personalized team including a Commercial Lender, a Credit Manager and Business Associate to expedite the process. Their Commercial Lender, Travis Haltli, has more than 11 years of banking experience.

Why bank with Heritage Bank, NA? They will be there for you. Their goal is to help you thrive and Heritage Bank will do everything they can to make that happen. If you’re not completely sold, stop by any of their branches to talk about online banking, loans, checking accounts and more. Whatever your needs are, they’ll meet and exceed them.

Heritage Bank is here to serve you with two locations in Sioux City as well as 10 other offices in Minnesota and Iowa.

Downtown: Following are employees of Heritage Bank’s Downtown branch, from left: Aimee Holder, Nadine Meis, Jen Whipple, Travis Haltli, Deidre Bottorff, Adam Lloyd and Claire Wehri.

Sunnybrook: Pictured are employees of the Sunnybrook branch of Heritage Bank NA, from left: Lisa Carlson, Karen Greenlee, Janet Nickum, Vicky Hassel, Jean Hummel and Brittany Stoos.

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ChamberInvestors Great Western Bank Ed Den Beste, Market President 600 Pierce St. Sioux City, IA 51101 Maximizing Excellence, LLC Cindy Elifrits, president & CEO 101 N. Main Ave. #310 Sioux Falls, SD 57104 Elite Dentistry Dr. Jenny Gotch 5708 Sunnybrook Drive

Sioux City, IA 51106 Oz Homes & Lending LaNay Welch, broker/owner 831 Gordon Drive Sioux City, IA 51101 Culver’s of Sioux City-Hamilton Rich Riley, owner 2420 Hamilton Blvd.

Sioux City, IA 51104 RXA Technology LLC Sean Richardson, co-founder

600 Fourth St., Suite 800 Sioux City, IA 51101 Sweetwater Jill Smith, manager 600 Fourth St., Suite 225 Sioux City, IA 51101 Walgreens - Hamilton Nancy Matcha, community leader 1900 Hamilton Blvd.

Sioux City, IA 51104

Journal earns AP Iowa’s top honor JOURNAL STAFF‌ DES MOINES | The Sioux City Journal has been named the Iowa Associated Press Member of the Year.

The honor was awarded at the Iowa Newspaper Association 2014 Convention & Trade Show on Feb. 7 in Des Moines.

The honor, called the

Mark Twain Award, recognizes the news organization “deemed by the AP Iowa staff to embody the cooperative spirit that helps the AP carry out its mission of providing up-to-theminute news and photos to members in Iowa and the world.”

The honor was one of 12

awards the Journal earned from the Iowa Associated Press, including two top honors. First-place AP awards went to Journal Business Editor Dave Dreeszen in the business feature category and photographer Jim Lee in the sports feature photography category.

Siouxland Business Journal, March 2014 19

ChamberAnniversaries The following are observing anniversaries as Siouxland Chamber of Commerce investors.

January

15 YEARS

5 YEARS

Siouxland Hearing Healthcare PLC Michael Sloniker Sioux City, IA Siouxland Professional Women’s Network Terri Schelm Sioux City SMARTSEARCH Rich Richter Sioux City

10 YEARS

Action Moving & Storage Don Claeys Sioux City Karl’s Brad Pittenger Sioux City, IA Panera Bread – Hamilton Blvd.

Jeff Havlik Sioux City

Book People Chriss Camenzend Sioux City Emeritus at North Park Place Rebecca Mattas Sioux City

FiberComm Michael Massey Sioux City

20 YEARS

Executive Technologies Kevin Grosvenor Sioux City Network Systems + Inc Bob and Chris Prince Sioux City

15 Years

First American Bank Wendy Jackson Sioux City

20 Years

February

KWIT/KOJI Radio/Western Iowa Tech Five Years Gretchen Gondek Central Kitchen & Bath Supply Sioux City Lee Plasier 25 Years Sioux City Walmart Supercenter – SingDunes Dental 4 Kids ing Hills Blvd.

Jeff Hemmingsen, DDS Renae Behrends Dakota Dunes Sioux City Strategic Financial Group Jim Oliver 35 Years Dakota Dunes SIMPCO Dwight Lang 10 Years

Put your business at their fingertips.

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Siouxland Business Journal, March 2014

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RibbonCuttings

BusinessAfterHours

CROSS ROADS OF WESTERN IOWA Cross Roads officials cut the ceremonial ribbon on Jan. 30. The organization, which provides services to more than 300 people with developmental and intellectual disabilities, chronic mental illness and brain injury, recently expanded into Woodbury County. Crossroads has about 190 employees in its service territory, which also includes Harrison, Monona and Pottawattamie counties.

WINNAVEGAS CASINO To celebrate National Pie Day, WinnaVegas Casino hosted the Siouxland Chamber of Commerce’s January Business After Hours. Chamber members and their guests were treated to appetizers, entertained by a wandering magician, and given a free pie for the road.

photos courtesy of the Siouxland Chamber of Commerce

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Wells Fargo mural tells chapters of Sioux City’s rich history

Siouxland Business Journal, March 2014 21

Office Space fOr rent

DAVE DREESZEN

Business Journal editor

A 7-foot wide by 8-foot tall mural greets visitors to Wells Fargo Bank’s lobby in downtown Sioux City. The mural was added as part of extension renovations completed in July to the bank’s offices at 600 Fourth St. in the atrium of the Ho-Chunk Centre.

The mural is one of more than 1,800 installed in Wells Fargo banking stores across the nation. Each mural is unique to the area the local store serves, and are developed with the aid of local archives and historians.

The Sioux City mural, developed with the assistance of the Sioux City Public Museum, features the following historic views of Fourth Street, as well as notable local residents, landmarks and industries.

– The Bolton-Commercial Block on the southeast corner of Fourth and Nebraska streets, circa 1889 to 1904. Built in 1889, the buildings were designed by local architect William McLaughlin.

– Well-known Sioux City Policeman Efren Bata, who directed traffic at Fourth and Pierce streets for many years.

– The Sioux City Elevated Railway, which opened in 1891, becoming the third steam-powered elevated rapid transit system in the world. After a mechanical conversion one year later, it became the world’s first electric elevated railway.

– The steamboat Josephine, which along with hundreds of others, passed through Sioux City on the Missouri River going west. The frontier city was the steamboat capital of the upper Missouri in the 1870s.

– The Combination Bridge, which linked Iowa and Nebraska at Sioux City. Completed in 1896, the bridge got its name from carrying both rail and highway traffic. It was replaced by the Siouxland Veterans Memorial Bridge in 1981.

– Aerial view of Sioux City stockyards, c. 1930s. Sioux City’s location in the heart of fertile Midwest prairies made it a prime location for the meatpacking business. With the railroads and the Missouri River nearby, producers were easily able to ship their livestock and the processed meat to

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Commercial, Industrial Refrigeration Above is a mural that greets visitors to the Wells Fargo Bank lobby in downtown Sioux City. The 7-by-8 foot mural features historic views of Fourth Street, Sioux City founder Dr. John Cook, local industries, and notable residents and landmarks. The mural is one of more than 1,800 installed in Wells Fargo banking stores across the nation. Each mural is unique to the area in which the bank store is located, and was developed with the aid of local archives and historians. The Sioux City mural was developed with the help of the Sioux City Public Museum.

market.

– Sioux City Corn Palace visitor’s pass, 1891. Starting in 1887, a temporary palace was created each year as part of the Corn Festival. The grand, wooden buildings were covered with corn cobs, and the palaces became larger and more elegant every year.

The last Corn Palace in 1891 had three towers and a large tunnel that allowed traffic to pass beneath it.

– The 1901 Sergeant Floyd Monument, who honors Charles Floyd. The only member of the Lewis and Clark Expedition to perish, he died in 1804 near modern day Sioux City. In 1970, the monument became the first U.S.

site to receive a National Historic Landmark designation.

– Gayle Jean Hofstad, who won the 1946 Sioux City Sue contest. Hofstad was seemed the closest resemblance to the subject in the famous song, “Sioux City Sue.” – A Sioux City map designed by Harry S. Linn and published by the Sioux City Chamber of Commerce circa 1940s.

– Landowner Dr. John K. Cook, who was considered the founder of Sioux City after he staked out its lots and streets in 1854.

– An ad for Wells Fargo express and banking services in 1886.

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Siouxland Business Journal, March 2014

AGRIBUSINESS

22

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Agribusiness will be the focus of the next issue of the Siouxland Business Journal. If you would like your business featured, please contact: AgriculturalScience Factory Farm ing

Free R ange Farm ing O rganic Farm ing

H istory ofFarm ing

Agriculture C om panies B iotechnology Livestock

M eatProcessing Poultry Farm ing C rops

Environm entalIm pact Agriculture Safety & H ealth

Rachel Rodgers 712-224-6279 or rachel.rodgers2@lee.net IndustrialAgriculture

A SpecialSupplem entto N am e N ew spaper

•••••••••••

watch for • • • • • • • • • • •

Progressive EmployErs every sunday •••••••••••

Progressive EmployErs

•••••••••••

March 2 – March 30, 2014

Medical & Education March 2nd

Retail

March 9th

Area & Ag March 16th

Recreation & Leisure March 23rd To advertise, contact your Sioux City Journal Classified Account Manager at 712-293-4300.

Industry & Housing March 30th

Dave Dreeszen Business Journal

Clean Line Energy President Michael Skelly speaks while Sabre Industries President and CEO Peter Sandore listens at news conference announcing a partnership between the two companies.

Clean Line: Sabre plant to make poles for transmission line from page 4 100 to 150 million pounds of raw steel, as well as new jobs at the Sioux City plant. The CEO said the company will use as many local suppliers as possible for the venture.

The Rock Island line is designed to transfer 3,500 megawatts of electricity – or the equivalent of 1.4 million homes per year – from wind farms in northwest Iowa and neighboring states a to power-hungry customers in metro Chicago and other points east by 2017.

Iowa Economic Development Authority Director Debi Durham told the audience the Sabre-Clean Line partnership is an “opportunity for Iowa to capitalize on the clean energy economy and deliver a new cash crop to market.”

The state has the potential to produce 44 times more times wind energy than it can use, Durham noted.

Alvardo, Texas-based Sabre selected Sioux City over

several other cities for an expansion to help meet the company’s growing orders for steel support structures for electrical transmission lines.

A year ago, Sabre opened its 192,000-square-foot factory in Sioux City’s Southbridge Business Park. The $18 million project was the first phase of a multi-year expansion that will more than double local employment and put all of the company’s Sioux City operations under one roof.

Overall, Sabre now has about 500 employees in Sioux City, which includes 269 at the Southbridge complex, including welders, fabricators, shipping clerks and administrators.

The remaining workers are at three older plants that produce towers for the communications industry.

Two additional production bays are currently under construction at the Southbridge campus,

located just south of Sioux Gateway Airport. Sandore said the company expects to complete that project by this fall, allowing the remaining Sioux City operations to relocate to Southbridge Clean Line Energy, a privately owned Houstonbased company, has estimated the Rock Island line would generate $7 billion in new investments, and create more than 500 permanent jobs in the region.

An estimated 5,000 construction jobs also would be created.

Construction is expected to begin in 2015, but Clean Line must first get the final go-ahead from utility regulators in Iowa and Illinois. Clean Line Energy, a privately owned Houstonbased company, has estimated the Rock Island line would generate $7 billion in new investments, and create more than 500 permanent jobs in the region.

www.siouxlandbusinessjournal.com

Siouxland Business Journal, March 2014 23

IF THE NUMBERS HAD A VOTE, THEY’D EXPAND HERE.

PHOTO C O OUR UR T ESSY Y OF SIO OU UX X C I T Y EC CO ON NOM OMIC DE V ELOP PM M

Numbers don’t lie. Iowa has one of the nation’s lowest costs of doing business.

We’re a right-to-work state with a cost of living that’s below the national average.

Ours is an environment built for businesses to prosper. It’s why our advanced manufacturing exports are up 179%. Why the growth of our bioscience companies has far outpaced the nation. Why we’re home to over 94,000 of the nation’s most savvy finance and insurance pros. Why our diverse economy is third in the nation in job growth. Dig more into the numbers at iowaeconomicdevelopment.com.

With numbers like these, no wonder we’re “Iowa Nice”. iowaeconomicdevelopment.com

iowaeconomicdevelopment

businessiowa

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Siouxland Business Journal, March 2014

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139

Chris Bogenrief MBA, CCIM Broker

712-204-6261

UNITED

We Produce RESULTS………

Dick Salem SIOR, CCIM Vice President

712-204-2727

71% ($28,538,307) 10% ($3,975,287) 4% ($1,663,516) 15% ($5,955,520)

Beau Braunger CCIM Commercial Specialist

65% ($34,686,913)

712-251-8276

16% ($8,815,477)

71% ($28,538,307)

8% ($4,359,232)

10% ($3,975,287) Colonel Krage Commercial Specialist

712-251-1451

11% ($5,736,110)

4% ($1,663,516)

15% ($5,955,520) 63% ($25,191,980)

 United Commercial  #2 Commercial Firm  #3 Commercial Firm  All Other Companies

8% ($2,972,742)

Nathan Connelly

25% ($10,800,256) 16% ($8,815,477)

Commercial Specialist

712-203-1620

65% ($34,686,913)

4% ($1,516,042)

8% ($4,359,232) 11% ($5,736,110)

62% ($21,492,409)

13% ($4,496,326) 1% ($413,300)

63% ($25,191,980)

24% ($7,046,674)

8% ($2,972,742) 4% ($1,516,042)

United Commercial  #2 Commercial Firm  #3 Commercial Firm All Other Companies

60% ($19,783,308)

7% ($2,759,496)

25% ($10,800,256)

3% ($982,100)

Tune into KSCJ 1360 Talk Radio Saturday mornings from 8:05 to 8:30 a.m. to hear interviews with the “movers & shakers” of Siouxland or go to www.kscj.com for streaming live broadcast.

30% ($6,667,838)

62% ($21,492,409)

13% ($4,496,326) 1% ($413,300)

SOURCE: GREATER SIOUX CITY BOARD OF REALTORS, COMMERCIAL DOLLAR VOLUME 24% ($7,046,674)

302 Jones, Suite #100, SIOUX CITY % ($19,783,308)