News

October 7, 2024

In honor of the upcoming Veterans Day, Profinium is proud to announce its participation in Operation Green Light for Veterans, a nationwide initiative designed to show visible support for military veterans. From November 4-11, Profinium’s branches will be illuminated green, standing in solidarity with veterans in our communities. The program, spearheaded by the National Association of Counties (NACo) and the National Association of County Veterans Service Officers, encourages both county governments and residents to show their support by lighting up their buildings and homes green during this week. 

This initiative holds personal significance for Profinium’s Mortgage Team, who learned of Operation Green Light through conversations with the Freeborn County Veteran Service Officer while exploring ways to offer VA loan options to local veterans. After understanding the profound impact of this initiative, the team felt it essential to help bring this effort to local communities. 

 In addition to illuminating its branches, Profinium will be distributing green light bulbs to customers and the public. The bulbs will be available at all four branches, and donations are welcomed. These donations will be directed to Beyond the Yellow Ribbon. In the past, these contributions have provided meals for veteran families during Thanksgiving, underscoring the lasting impact of even small gestures of gratitude. 

“Through Operation Green Light, we hope to spark conversations and raise awareness about the unique challenges veterans face,” said Jannell Tufte, Mortgage Loan Officer at Profinium. “We believe in giving back to those who’ve served our country, and this initiative is an important reminder that our veterans are seen, appreciated, and supported not only on Veterans Day but every day.” 

Residents, businesses, and organizations are encouraged to join the initiative by simply changing one light bulb—inside or outside their home or business—to green. By doing so, we show our veterans that they are valued and open up dialogue around the support and services available to them. 

"Operation Green Light is a gesture of support and appreciation for the public service of our veterans,” said NACo Executive Director Matthew Chase. “With hundreds of counties coming together to light everything from bridges to courthouses, we know veterans across the country will see and feel the gratitude we all hold for their service and sacrifices." 

 For more information on Profinium’s involvement in Operation Green Light, visit https://www.profinium.com/operation-green-light or stop by your local branch to donate and pick up your green bulb.  

October 1, 2024

Profinium is excited to announce the appointment of Taylor Herman as the Vice President of Treasury Management, marking a significant milestone in his career with the bank. Taylor's extensive journey within Profinium has uniquely positioned him to spearhead this new department, aimed at enhancing tailored services for business clients.

 Since joining Profinium in 2010 as a teller, Taylor has demonstrated exceptional dedication and skill, progressing through various roles in personal and commercial banking. His ascent to leadership culminated in this new opportunity, where he will leverage his expertise to provide businesses with specialized treasury management services.

 “Taylor is uniquely positioned to lead our Treasury Management department, thanks to his deep history with Profinium and his proven ability to embrace new challenges. He truly embodies what amazing customer experience is all about,” said Ron Kopischke, Chief Sales Officer with Profinium. “His dedication to understanding clients’ needs and delivering tailored solutions makes him the perfect leader to guide this exciting new chapter for our business clients.”

 "Our goal is to ensure our business clients have access to a full spectrum of financial solutions, tailored to their specific needs," said Taylor. "With the establishment of this department, we aim to serve our clients more efficiently and effectively, providing them with a dedicated resource for all their treasury management inquiries."

 The Treasury Management Department will focus on supporting a wide range of business clients, from sole proprietors to large manufacturers. Taylor's vision is to streamline banking processes, allowing clients to focus on growing their businesses without the hassle of managing complex banking needs. By offering personalized consultations and education on banking products and services, the team will empower clients to make informed decisions and enhance their financial strategies.

 In light of the evolving banking landscape, Taylor also recognizes the importance of addressing emerging challenges, such as fraud prevention. "Many businesses are unaware of the protective measures available to them," he explained. "Part of our mission is to educate clients on how to minimize fraud risks and safeguard their assets."

 Profinium's commitment to community banking is further exemplified through Taylor's dedication to giving back. As board chair for Habitat for Humanity, he embodies the bank's philosophy of community involvement and support, fostering connections that enhance both personal and professional growth.

 As Taylor takes on this new role, he remains focused on one primary goal: to be a trusted advisor for business clients, ensuring their banking experience is seamless and empowering. "At Profinium, we are dedicated to providing exceptional service and building lasting relationships with our clients," he stated.

 Profinium is thrilled to support Taylor in this new capacity and looks forward to the positive impact the Treasury Management Department will have on the bank’s clients and the community at large.

August 13, 2024

In a strategic move to prepare for future growth opportunities, Profinium is pleased to announce it has signed an agreement to further enhance its partnership with Peoples Bank of Rock Valley, Iowa, as it relates to Profinium’s trust business. The agreement, which has been signed by Profinium and Peoples Bank, will provide for Peoples Bank to serve as Trustee over all the trusts for which Profinium currently serves as Trustee. This will effectively allow Peoples Bank to manage and operate Profinium’s trust business. This significant development affirms our commitment to delivering trust services to our clients, leveraging the expertise of Peoples Bank. 

The Trust Departments of Peoples Bank and Profinium have worked in cooperation with one another for over 20 years. Peoples Bank has a dedicated team of three Trust Officers and a team of seventeen back-office experts. Their guidance and back-room services have been instrumental in maintaining the high standards our clients have come to expect. 

As part of this strategic enhancement, the transfer of our Trust Department accounts to Peoples Bank, which is subject to the receipt of required regulatory approval, is anticipated to take place over the next three to nine months. This transition is designed to be seamless for our clients, ensuring uninterrupted access to the high-quality trust services they have come to expect. 

“We are thrilled about the opportunity to strengthen our partnership with Peoples Bank,” said Joel Staehling, CEO of Profinium. “Their proven expertise and longstanding relationship with our team make them the ideal partner to take over our Trust Department. This move will enable us to focus more on our core services while ensuring our clients continue to receive exceptional trust services.” 

July 23, 2024

Profinium, Inc., recently announced the election Julie Rethemeier to the Board of Directors. Her extensive experience in public relations and her unwavering commitment to our Owatonna community makes her an invaluable addition to the Profinium Board of Directors. Having retired recently from Federated Insurance, she brings her professional expertise and a deep passion for community involvement. 

“We are thrilled to welcome Julie to our board.” said Joel Staehling, CEO of Profinium. “Julie has always been a strong advocate for positive community impact. We are excited to see the fresh perspectives and energy she will bring to our organization. We look forward to working together to achieve our shared goal of achieving dreams together.” 

“I am excited to join the Profinium Board of Directors and to serve our community in a new way” Rethemeier remarked.  “I’ve served locally on many non—profit boards which will be helpful as I navigate this new opportunity.  The ownership and leaders at Profinium are exceptional, the history runs deep, and they have built a culture that I am eager to be a part of!” 

March 19, 2024

Profinium, Inc. has appointed Joel Staehling as its new Chief Executive Officer. Joel comes to Profinium with an extensive banking background and specializes in building teams that are structured to drive growth and innovation. Profinium inspires a fun environment where innovation thrives, mentoring is essential, and journeys are celebrated – exactly what Joel believes are some of the key ingredients to building successful teams.  

Joel commented, “What attracted me to Profinium was the culture and the team’s attention to putting people first by bringing products and services to the community quickly.”  

“After our diligent search for a superbly talented CEO to lead Profinium, I believe Joel is the perfect fit.”  stated Fred W. Krahmer, Chairman of  Profinium’s Board of Directors. “Joel brings broad banking experience and skills, alignment with our purpose and pursuits, and the drive to take us to our next level of bank performance.”  

Profinium has promoted Jeremiah Gaul to President of Digital Banking. Jeremiah is leading the team that will focus on creating amazing client experiences within the digital world. Profinium believes in inspiring an environment where innovation thrives. Paired with Profinium’s commitment to being vested in its communities’ success, it was a natural next step to develop a team solely focused on bringing an amazing digital experience to community banking.  

“Jeremiah never backs down from a challenge and embraces new opportunities, which has made him ideal for leading us into the digital banking space.” said Ron Kopischke, CEO of Profinium. Jeremiah has already achieved success in his new role as he leads the team that launched online account opening at Profinium; something that can easily be done in minutes! Visit Profinium.com to learn how Jeremiah and Profinium design digital products and services in the best interest of their clients and communities.