MAQUOKETA, Iowa — Jacob Reuter recently joined Ohnward Bancshares Inc. as the company’s chief financial officer.
As CFO, Mr. Reuter oversees the financial reporting and accounting functions including budgeting, funding and asset liability management. He also will manage the retail tax team for the $1.5 billion company headquartered in Maquoketa.
Mr. Reuter, a certified public accountant, brings accounting experience spanning nearly 20 years in and around his Dubuque County hometown area. Mr. Reuter obtained an MBA and bachelor’s degree in accounting from the University of Dubuque.
Ohnward has assets of $1.5 billion, capital of $150 million and employs more than 260 full- and part-time employees. The holding company is owned by shareholders living primarily in the eastern Iowa counties of Jackson, Clinton, Scott, Jones and Linn.
Ohnward operates 18 financial offices across eastern Iowa including: Maquoketa State Bank with offices in Maquoketa, Andrew and Preston; Ohnward Bank & Trust with offices in Baldwin, Cascade, Monticello, Marion, Central City and Cedar Rapids; and First Central State Bank with offices in DeWitt, LeClaire, Clinton, Goose Lake and Eldridge.