Plagge Named ABA Chair

Arnolds Park, IA (AP) – The president of a northwest Iowa bank has been elected chairman of the American Bankers Association, a trade group that represents most of the nation’s banks.

Jeff Plagge, president and CEO of Northwest Financial Corp., in Arnolds Park, will serve as chairman of the ABA for the next year.

Plagge replaces outgoing Chairman Matt Williams, president and chairman of Gothenburg State Bank, in Gothenburg, Neb.

Another Iowa banker, Charles Funk, the president and CEO of MidWestOne Bank in Iowa City is a newly elected board member of the ABA.

The American Bankers Association represents banks of all sizes and charters and is the voice for the nation’s $14 trillion banking industry and its two million employees.