Bankers Trust Announces Promotions for Cedar Rapids Leaders
Promotions have been announced by Bankers Trust Company for Timothy R. Kintner, president and chief executive officer of Bankers Trust Cedar Rapids, and Patrick J. Deignan, the bank’s executive vice president and chief lending officer. Through common ownership, Bankers Trust Cedar Rapids is related to Bankers Trust Company in Des Moines, Iowa’s largest, privately held financial institution. Together, the two banks employ more than 500 people, most of them in Iowa.
Effective March 1, Kintner will be promoted to executive vice president of consumer, private and regional banking markets. This will expand Kintner’s executive leadership responsibilities beyond Cedar Rapids to include Bankers Trust operations in the Greater Des Moines area; Ames; and Phoenix, Ariz.
Deignan will be promoted to fill Kintner’s position as president and CEO of Bankers Trust Cedar Rapids. Kintner will remain chairman of the Cedar Rapids bank.
Kintner and Deignan are founders of Bankers Trust Cedar Rapids.
The Cedar Rapids bank has had nine consecutive years of record earnings and marks its 10th anniversary with $425 million in total assets. Its Trust Department is one of the area’s largest at $400 million in assets, and the company has been steadily expanding its operations. The company credits its success to its customers, employees and relationship with Bankers Trust Des Moines, which has been in business for nearly 100 years.
Kintner, a respected 30-year veteran of the banking industry and well-known community leader, joined Bankers Trust in 2002 to lead efforts to organize and open the new bank in Cedar Rapids. Prior to joining Bankers Trust, he was the president and CEO of Marquette Bank in Cedar Rapids for seven years and also served on Marquette’s senior management committee for the four-state Midwest banking region. From 1986 to 1994, Kintner held two positions, including vice president and business banking manager for Norwest Corp. (now Wells Fargo) in Minneapolis, Minn. Kintner started his career in 1982 with First Bank System (now US Bank) as a commercial loan credit analyst and then commercial loan officer. He has a Bachelor’s degree in Business Administration from Augustana College in Sioux Falls, S.D., and holds a Master of Business Administration degree from Michigan State University.
Kintner serves as board chair for Horizons Family Services and the Cedar Rapids Enterprise Zone Commission. He also serves as vice chair of the board of Shazam Inc. in Des Moines, and is on the boards of United Way of East Central Iowa, the Cedar Rapids Downtown Rotary, the Entrepreneurial Development Center and Junior Achievement. Kintner also serves on the Community Development Innovation Council for the Cedar Rapids Metro Economic Alliance and is past chair of the Eastern Iowa Airport Commission and the National Czech & Slovak Museum, in addition to serving as campaign chair for United Way of East Central Iowa in 2011.
Prior to launching Bankers Trust Cedar Rapids, Deignan served for 12 years as vice president of commercial lending for Firstar Bank/First Wisconsin in Milwaukee, Wis., and Council Bluffs, Iowa. He then was an executive vice president for First Trust & Savings Bank/Marquette Bank for five years. He has a Bachelor’s degree in Economics from the University of Notre Dame and holds a Master of Applied Economics degree from Marquette University.
Deignan currently serves on the boards of directors for The Community Theatre Building Corp., The Cedar Rapids YMCA, and the Cedar Rapids Opera Theatre Company. He is also a member of the Greater Cedar Rapids Community Foundation Agency Investment Advisory Council and the audit committee for United Way of East Central Iowa. Deignan is chairman of the finance committee for Xavier High School, where he has led both the Parish Appeal at St. Elizabeth Ann Seton Parish and the Business Appeal for the Xavier Foundation. He is a member of the Cedar Rapids Downtown Rotary. He is past board president of Theatre Cedar Rapids, as well as the Boys & Girls Club of Cedar Rapids. In 2010, he was the recipient of the Metro Economic Alliance Leadership for Five Seasons “Community Trustee” Award, as well as Theatre Cedar Rapids “Ovations Volunteer of the Year” Award.To learn more about Bankers Trust, please visit www.BankersTrust.com.