SUMMER 2016
the traditional
Same Name. Same Bank. Same Great Service.
People often ask me if we are ever going to switch our “Lake Elmo Bank” name. After all, we serve the east side of the Twin Cities and our customers are no longer just from Lake Elmo.We are proud of our name! It represents over 100 years of community ownership and involvement; 100 years of building relationships, and building our reputation. We make our decisions not just for tomorrow, but for the long, unforeseen future. Our name stands for a community bank working hard every day for the individuals, families and small businesses that are the engine to our local economy. We hope that when you see Lake Elmo Bank, you know that we are your community bank. We are willing to work with you – so, no, we are not going to change our name. Our name is unique and so is our dedication to our customers! Thank you for allowing us to be your community bank.
Dan Raleigh President / CEO
Lake Elmo Bank – We Are A Dementia Friendly Business
LEB partnered with the ACT on Alzheimer’s in 2014 and was instrumental in developing the tools and skills needed to make our Stillwater Community a Dementia Capable Community. LEB is the first and only business in the St. Croix Valley Area who has completed “dementia friendly” training with its employees. “Our staff learned a bit more about the challenges faced by individuals with dementia,” says Christine Clark – Vice President, LEB. “We also learned strategies to help make their visit or transaction with Lake Elmo Bank more pleasant. We are here to help.”
Pictured: Christine Clark – Lake Elmo Bank, receives the
Lake Elmo Bank – We Are A Dementia Friendly Business
LEB partnered with the ACT on Alzheimer’s in 2014 and was instrumental in developing the tools and skills needed to make our Stillwater Community a Dementia Capable Community. LEB is the first and only business in the St. Croix Valley Area who has completed “dementia friendly” training with its employees. “Our staff learned a bit more about the challenges faced by individuals with dementia,” says Christine Clark – Vice President, LEB. “We also learned strategies to help make their visit or transaction with Lake Elmo Bank more pleasant. We are here to help.”
Teaching Kids to Save
LEB Partners with Lakeview
Hospital to Power Up for Kids!
Power Up for Kids is Lakeview’s campaign to
encourage healthy eating and exercise with the youth in our community. Partnering with Lakeview for their Power Up Week in May, LEB donated a “Power Up with Little Elmo” Gift Pack drawing. Little Elmo water bottles were given to kids during the Saturday
event to promote the importance of drinking water. Lakeview’s Chomp stopped by our Community Shred-It Day to visit with customers and Little Elmo. Our Little Elmo Savers ClubSM
has been working in the classrooms at Lake Elmo Elementary classroom for 9 years. A series of presentations gives students an understanding of how to manage money along with how a bank works. Students have an opportunity to open a savings
account and transact business. The program concludes
with a tour of Lake Elmo Bank. “The kids really seem to enjoy learning about money and how to save for things they would like to purchase,” says Deb Raleigh, who
coordinates the Little Elmo Learners Program. “Our employees enjoy visiting the school and sharing information about the bank and their jobs.”
Working in Our Community....
Working in Our Community....
Chomp & Little Elmo take time out from visiting with kids to pose for a snapshot.
kids during the Saturday
Sophia Speltz from Stillwater was the lucky winner of the “Power Up with Little Elmo” gift pack
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LEB Employees, Customers & Communities
Raise Over $7,000 for Food Shelf
Lake Elmo Bank collected food for the local food shelf by opening their lobbies for collection during March – National Food Drive Month.
Christine Clark, LEB Vice President – Marketing, challenged her good friends at First State Bank & Trust in Bayport to a friendly competition in 2014 and they have continued the annual challenge. Combined, both Banks raised more than $15,000 in cash and food donations for the Valley Outreach Food Shelf. “The enthusiasm and generosity from our employees and our customers was once again truly amazing,” said Christine Clark.
Raise Over $7,000 for Food Shelf
Christine Clark, LEB Vice President – Marketing, challenged her good friends at First State Bank & Trust in Bayport to a friendly challenge. Combined, both Banks raised more than $15,000 in
Pictured Front Row: Pam Johnson, Cindy Etter, Steve Madsen; Middle Row: Barb Weflen, Lori Dorweiler, Kathy Jeanson; Back Row: Gail Nelson, Jesse Hedinger, Dawn Coerber, Mike Mazzara and Larry Glassing.
LEB Employees
Wear Red for
Heart Health Month
Nate Mears, Dan Raleigh, Steve Madsen, Julie Groess, Jesse Hedinger, Marc Linaman
Dan Raleigh poses with the staff from Valley Outreach and Joe Raleigh delivers donated food.
House Plans?
Whether you are building a new home,
moving to an existing home or remodeling
your current home – our Mortgage
Department can help with all of your home
financing needs.
•
Mortgages
•
Single Closing for Construction –
Permanent Loan Financing
•
Home Equity Loans
651.777.8365
Your Community Bank Since 1911 Member FDIC
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NMLSR 403447
LEB Voted Best Bank in the Valley
Thanks to you – the Stillwater Gazette readers again voted Lake Elmo Bank the “Best Bank” in the valley in their 2016 Reader’s Choice Awards. Congrats to our awesome staff who are committed to providing personal service to our customers
on a daily basis. We are honored to be your bank.
LEB Awards Scholarship
Madeline Vogel, Bayport, is the 2016 recipient of the LEB Community Scholarship. This scholarship is awarded to a Stillwater Area High School graduate who exemplifi es a commitment to his/her community. Madeline Vogel will be attending the College of St. Benedict this fall.
NMLSR 403477
House Plans?
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LEB again partnered with Oak Marsh Golf Course in an evening to honor local military, police and fi re. Pictured: Beth Springborn, Rich Springborn – LE Fire, Jeff Anderson – Oakdale Fire, Steve Whillock – Oak Marsh GM, Tom Studiner – Oakdale Fire – Paramedic and Stacy Studiner.
Salute the Troops!
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LEB Celebrates 19th Annual Employee Appreciation Week
A Superhero’s Success!
The 19th annual LEB Employee Appreciation Week had something for everyone! This annual event is the Bank’s way of saying “thanks” to our employees by planning fun activities and friendly competition throughout the week. The Superhero theme had people dressing in costume at the Woody’s Bar & Grill Happy Hour Event to wrap up the week.
Don Raleigh, Becky Billingsley, Deb Raleigh, Snowell Raleigh Robin Jordan, Cindy Etter,
Larry Glassing, Sheila Wulfing Megan Raleigh, Cindy Etter, Corri Gardner, Alicia Traynor, Gail Stemig
Don Raleigh, Becky Billingsley, Deb Raleigh,
Committed to its mission of providing personal service second to none, the Bank annually recognizes one employee who exemplifies this tradition of service in his/her daily routine.
The Board of Directors selects the recipient based on nominations from bank employees, recognizing the employee’s commitment to service, as well as community commitment.
This year’s recipient, Beth Springborn, joins a list of 18
past winners. Beth started as a student teller in 1998. She left the Bank to spend time with her young family in 2006, returning to LEB in 2013 as the Lead Teller/Personal Banker in our Oakdale Office.
“What an honor to be nominated by your peers,” says Springborn. “This award is another great example of how Lake Elmo Bank really cares about its employees.” Beth was presented with the award – and $1,500 at the Annual Employee Appreciation Breakfast in April.
Beth Springborn
Lead Teller/Personal Banker
Tradition of Service Award
Winner Named
IRA News: Leverage your Required Minimum
Distribution – Donate to Charity
In December 2015, Congress passed legislation that made Qualified Charitable Distribution (QCD) rules permanent at their existing levels, currently $100,000 per taxpayer over age 70 ½. Since 2006, people have been able to donate directly from their IRA to a charity. However, prior to this legislation, these rules had to be extended each year — usually in the last weeks of December. There was always a chance that the rules would not be extended, making tax planning and charitable planning complicated. This is good news for individuals and charities as it now allows more certainty regarding charitable giving.
How it works:
To be considered a Qualified Charitable Distribution, the following must occur:
1. IRA account holder must be at least 70 ½ when the distribution is made. 2. Distribution must be made directly by the custodian of your IRA to the charity.
3. The amount excludable per person is up to $100,000 per person (note: if filing a joint return, both spouses may make a QCD up to the threshold).
4. Charity must be qualified for charitable income tax deduction for an individual. 5. Charity must provide contribution acknowledgment.
6. The contribution is not claimed as a deduction on the donor’s tax return, but the distribution is not included on the tax return either. The QCD also counts toward the annual Required Minimum Distribution (RMD).
If you are currently taking RMDs, please consult with your tax advisor to see how you may benefit from a QCD. It is a real win-win situation.
Securities and advisory services through Cetera Advisor Networks LLC, member FINRA/SIPC. • Cetera is under separate ownership from any other named entity. Investments are: Not FDIC/NCUSIF insured • May lose value • Not financial institution guaranteed •Not a deposit • Not insured by any federal government agency.
Congrats 2016 Graduates!
As you prepare for life after graduation, be sure to include Lake Elmo Bank in your plans. We offer a variety of checking accounts. Whether your post-high school plans include college or work
Be sure your son/daughter is ready for campus. • Student Checking Account
• Mobile Banking App • Debit Card
Don’t wait until the last minute... be sure your kids are equipped with what they need before you send them off.
Please allow 2 weeks for checks and cards to be mailed to your home.
Heading off to College?
Stephen M. Madsen Financial Advisor CFP®
– we have checking and savings accounts designed to meet your needs. Stop in today and we can help get you financially prepared for the next step.
LEB Business Lending Group: Lori Johnson, Bryan Kemnetz, Dan Raleigh, Eric Graf, Mike Mazzara, Tom Swedenburg and Jodi Christensen
LAKEELMOBANK.COM
Our Employees… Our Foundation
Our employees are the Bank’s most valuable asset.
Favorite Part of Your Work Day
My favorite days are Wednesdays. I am the “Banking Day” Banker at Boutwells Landing every Wednesday morning. I love being able to help the seniors in our community.
Most Valuable LEB Product
LEB Mobile Banking App! Everyone should have this on their phone. It makes life easier by allowing you to check balances, transfer money and more.
Family & Personal Interests
My husband of 28 years, Mark, and I have two amazing daughters – Megan, 25 and Abby, 23. I enjoy spending time with my family and an occasional shopping spree with my girls.
Greatest Professional Accomplishment
I have been with LEB for 10 years and there is no better feeling than when I make someone’s day, simply by doing my job.
Why LEB?
There is NO OTHER bank that will take the time to do the things that we do for our customers. We take time to get to know our customers so we can help them
Renae Pominville Personal Banking Officer
Our Business Lenders... Working With You
At Lake Elmo Bank, we are committed to our local businesses. We have been lending to small businesses for over 105 years. Our lenders take the time to get to know you, understand your business and help achieve your business goals. We invite you to consider LEB for all of your business needs.
• SBA Guaranteed Loans
• Working Capital Lines of Credit • Inventory Financing
• Equipment Loans • Vehicle Purchases • Land Development • Construction Loans
• Commercial Real Estate Loans • Letters of Credit
Lake Elmo, MN 55042-0857
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Lobby
Monday Through Friday 9:00 a.m. – 5:00 p.m. Saturday 9:00 a.m. – 12:00 p.m.
Drive Thru
Monday Through Friday 7:00 a.m. – 6:00 p.m. Saturday 9:00 a.m. – 12:00 p.m.
Walk-Up LAKE ELMO OFFICE ONLY
Monday Through Friday 7:00 a.m. – 9:00 a.m. 5:00 p.m. – 6:00 p.m.
BUSINESS HOURS
Customer Service
651.773.4700
LEB TeleBank Line
651.773.4711
Lake Elmo Offi ce
651.777.8365 Stillwater Offi ce 651.439.7680 Oakdale Offi ce 651.578.7769
PHONE NUMBERS
lakeelmobank.com SERVICE ANNIVERSARIESShelly Ovre – 20 years Kathy Delaney – 15 years Lynn Ruff – 15 years Renae Pominville – 10 years Anna Martin – 10 years
CONNECT WITH US!
20th Annual Community Day!
FRIDAY, SEPTEMBER 9th • 4-7 PM
Grilled Hot Dogs
•
Roasted Corn
•
Ice Cream
•
Bingo
Music
•
Petting Zoo
•
Pony Rides
•
And More!
FRIDAY, SEPTEMBER 9th • 4-7 PM
Grilled Hot Dogs
FRIDAY, SEPTEMBER 9th • 4-7 PM
STAFF ADDITIONS
Megan Raleigh Teller
