Darrel L. Posegate
Sioux Falls, SD 57104 605-310-7920 firstname.lastname@example.org
C-Level Financial Services Executive with diverse range of strategic and tactical experience who has combined
high creativity, sound analytics and effective technology skills to produce successful and profitable solutions for
shareholders, customers, employees and communities in the ever changing financial services environment
while operating effectively in a team environment to maximize organizational performance.
President/Chief Operating Officer Chief Operations Officer
Chief Financial Officer Chief Investment Officer
Strategic Planning Regulatory Compliance Mortgage Lending
Line Operations Retail Sales Credit Administration
Process Improvement Indirect Auto Lending/Securitizations Community Banking
Bank Investment Portfolio Budget & Profit Planning Holding Company
Commercial Lending Human Resources & Benefits Mergers / Acquisitions
Enterprise Risk Technology Organizational Development
Marketing Capital/Debt Offerings Trust
SEC Insurance/Brokerage Ag Lending
Home Federal Bank, Sioux Falls, SD 2006 to 2011
President / Chief Operating Officer
President/Chief Operating Officer for $2.5 billion assets under management publicly traded thrift with 34
community bank locations in multiple states. Led 10 member senior leadership team in collaborative effort to
achieve and exceed tactical goals, develop vision for future growth and development into new markets,
products and services through enhanced sales processes. President/COO had the responsibilities for the day-
to-day line operation for mortgage, retail, commercial and consumer lending, deposit services, branch and
internet delivery channels. Responsible for execution while producing continual operational improvement
including compliance, risk management, technology and operational process efficiency.
Chief Financial Officer 2002 to 2010
Had CFO responsibilities for Bank from 2002 to 2006 when promoted to President/Chief Operating Officer.
Remained as CFO for publicly traded holding company through 2010.
Developed and positioned team and staff for readiness to new markets and opportunities.
Led senior leadership team to successful implementation and execution of organization’s strategic plan
through the introduction and implementation of the Balanced Scorecard process for organizational
Developed an affinity program which significantly increased household acquisitions and service
Led effort to securitize auto portfolio which decreased on-balance sheet risk while increasing earnings
by over 20%.
Through aggressive development and promotion of competitive products and services, increased fee
structures, in alliance with the HF Board of Directors and senior leadership, achieved a 36% better
stock performance than other publically traded banks.
Increased adjusted Core Business Operating income by over 25% since 2006.
Transitioned organization to reflect a diverse commercial bank-like balance sheet.
West Des Moines State Bank, Des Moines, IA 1998 to 2002
Chief Financial Officer
CFO for a $825 million publicly traded bank, one of the top performing banking organizations in the nation.
Instrumental in ROE enhancement in a period of interest margin decline by recommending accelerated
growth, thereby increasing the leverage ratio. As a result, net income also increased by 12%.
Implemented a deposit reclassification program that entailed only five minutes of added work daily and
increased annual earnings by $300,000.
Designed, implemented and monitored an Overdraft OD waive policy that produced annual increased
fees of $400,000.
Reengineered and automated several manual processes, thereby decreasing efficiency ratios from 30%
to 27% in 15 months.
Liberty Services, Inc., Des Moines, IA 1994 to 1998
Served as President and functioned as CEO of a startup consolidated backroom service company providing
accounting, profit planning, investments, check operations, accounts payable, payroll, marketing, AL
management and other support services to Liberty Financial Corporation. LFC had 13 financial service
organizations including commercial bank and thrift charters, leasing, insurance and a finance company. This
highly profitable, dynamic company served markets in Iowa and Arizona via a 40 branch network. Held
position on Executive Committee of the Holding Company reporting directly to LFC President and had 8 bank
presidents as direct reports.
Effectively stabilized a startup backroom services operation, customer service ratings from customer
banks increased from a “D” letter grade to an “A” within 18 months.
Consolidated the management of the banks’ investment portfolios and enhanced earnings from a key
segment of those portfolios by 125 basis points within one year.
Initiated changes to overdraft procedures causing fees to double within one year.
Member of executive management team that produced a record premium for a bank sale in Iowa.
DaLore Leasing, Charles City IA 1993 to 1994
President/Chief Executive Officer
President and owner of company providing lease / credit brokering services nationwide.
Successfully initiated small business leasing company.
First Citizens Financial Corporation, Charles City, IA 1983 to 1993
Executive Vice President/Chief Financial Officer
Responsible for senior level management of highly successful community banking organization. Reported to
the Chairman and fulfilled the roles of Chief Financial Officer, Chief Operation Officer and Chief Investment
Officer in a multi-bank environment.
Developed and implemented reorganization of the bank holding company structure allowing for an
efficient structure for merger and acquisitions.
Managed investment portfolio that was ranked 16th nationally for quality.
Developed management information systems to better manage the day to day operations of the banks.
R. W. Cox and Co., CPA, Charles City, IA 1980 to 1983
Education / Credentials
Luther College, Decorah, IA 1980
BA, Accounting, Economics and Management