New Market Bank Adds Fifth-Generation Family Member to Team

06/01/20

New Market Bank Adds Fifth-Generation Family Member to Team

 

Mikayla Drentlaw, great-great granddaughter to Arnold Vogel, joins independent community bank as student teller

 

ELKO NEW MARKET, Minn., June 2020 – Family-owned New Market Bank, with principal offices in Lakeville, has hired Mikayla Drentlaw as a student teller. Drentlaw is the great-great granddaughter of Arnold Vogel, who took over the bank as president in 1913, and the daughter of current President Anita (Vogel) Drentlaw, CPA. The announcement comes as the bank marked its 115th anniversary on Thursday, June 10, 2020.

 

“I’m thrilled Mikayla was interested in the student-teller position and hopeful that she will love this industry and our family business as much as the four previous generations of our family,” Anita said. “As president of the bank, I am responsible for succession planning for leadership and employee positions. But as a parent, I want my daughters to choose the career path they most desire without concern for the longevity of the family business. Regardless of the path she chooses for her future, Mikayla will gain valuable customer service and business experience in this position.”

 

The Vogel family members who have served New Market Bank as president include:

  • Arnold Vogel (1913-1960)
  • Wilfred “Bill” Vogel (1960-1985)
  • Robert “Bob” Vogel (1985-2014)
  • Anita (Vogel) Drentlaw (2014-present)

 

Bob’s daughter, Karen (Vogel) Ramola, is currently assistant vice president and branch manager of the bank’s Elko New Market location.

 

The New Market Bank Board of Directors has a standing policy that any Vogel family member must gain experience with another entity before joining the bank’s leadership team. Following college, Anita was a public accountant for McGladrey & Pullen. She held several positions with New Market Bank as she progressed to the position of president. Ramola worked for another community bank after earning her bachelor’s degree in entrepreneurship. In as much as possible, immediate family members also do not supervise one another.

 

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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Media Contact: Amy Nugent, 651.450.9222 or amy@renownmarketing.com