New Market Bank Hires Community Banking Veteran as Compliance Officer and VP of Loan Operations






New Market Bank Hires Community Banking Veteran as Compliance Officer and VP of Loan Operations


ELKO NEW MARKET, Minn., Sept. 01, 2019 – Fourth-generation, family-owned New Market Bank has hired Jeff Jacobson as compliance officer and vice president of loan operations. Jacobson comes to the locally owned independent bank with more than 30 years of experience in the community banking industry.


Jacobson will be responsible for ensuring New Market Bank continues to adhere to all federal and state regulations by monitoring regulatory changes, training the bank’s board and team members on compliance procedures, evaluating internal processes and procedures, and coordinating regulatory examinations and external audits. As vice president of loan operations, he will also help oversee the bank’s consumer and commercial loan processing department.


Prior to joining New Market Bank, Jacobson served 28 years in mortgage operations management and compliance roles for three community banks in the south metro. He began his banking career at Marquette Bank, where he held a variety of personal banking, investment banking and loan operations positions over the span of 11 years.


A resident of New Prague, Jacobson has a bachelor’s degree in business administration from Minnesota State University, Mankato.


About New Market Bank
Founded in 1905 as the First State Bank of New Market, New Market Bank is an independent, fourth-generation, family-owned bank serving the southern Twin Cities area with offices in Lakeville, Prior Lake and Elko New Market. For over 100 years, New Market Bank has built trusted relationships with its customers by providing banking as easy and sincere as a handshake. New Market Bank is an Equal Housing Lender, Member FDIC. For more information, visit www.NewMarket.Bank.


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