Michael Westberg

Michael Westberg Email and Phone Number

Chairman and CEO @ Sioux Falls, SD, US
Sioux Falls, SD, US
Michael Westberg's Location
Sioux Falls, South Dakota, United States, United States
Michael Westberg's Contact Details

Michael Westberg work email

Michael Westberg personal email

n/a
About Michael Westberg

✪ Multimillion-Dollar Business Growth ✪ World-Class Operational Performance ✪ Visionary Leadership ----> As a highly driven executive, I bring a 30+ year track record of building top-performing organizations. I specialize in creating the standards for consistent business growth by identifying barriers to excellence and leading positive organizational change. Career Highlights include:PROPELLED PROFITS:► Key leader in accelerating overall company assets from $500M to $1.2B.► Drove loan growth more than 25% in less than 4 years.► Consistently identified business development, cost-saving, and market expansion opportunities. INCREASED EFFICIENCIES:► Identified operational improvements which eliminated redundancy and drove productivity.► Slashed processing times more than 50% for multiple functions / roles throughout the organization.► Centralized underwriting operations which reduced workforce needs more than 500%, while concurrently improving quality. REDUCED RISK:► Championed transformation of credit portfolio which positioned organization as top-in-class and strengthened risk management.► Lowered Non-Performing Assets (NPA) from 4.5% to less than 1% - the lowest in the company’s 80+ year history.Throughout my career, I’ve been known as the “fixer”…the "go-to" leader in turning-around under-performing teams. I am a big-picture leader with an in-depth understanding of both sales and operations, and I’m known for my ability to connect people, unite teams,and produce synergy which drives continuous improvement. I always welcome connections from friends, colleagues, and new professional contacts. –Mike Westbergmlwestberg@midco.net

Michael Westberg's Current Company Details
L.A. Amundson Investments/First Security Banks

L.A. Amundson Investments/First Security Banks

Chairman and CEO
Sioux Falls, SD, US
Michael Westberg Work Experience Details
  • L.A. Amundson Investments/First Security Banks
    Chairman And Ceo
    L.A. Amundson Investments/First Security Banks
    Sioux Falls, Sd, Us
  • L.A. Amundson Investments/First Security Banks
    Chief Credit Officer
    L.A. Amundson Investments/First Security Banks Jan 2020 - Present
    Sioux Falls, South Dakota, United States
  • Great Western Bank
    Senior Vice President/Ag Credit
    Great Western Bank May 2017 - Jan 2020
    Sioux Falls, South Dakota
  • Home Federal Bank (Hffc)
    Senior Vice President | Chief Credit Officer
    Home Federal Bank (Hffc) 2011 - 2016
    As a key executive leader, I consistently helped the bank reach the next level of performance. I contributed to organizational growth from 15 locations and $500M in assets (1996), to 26 locations and $1.2B in assets. I was honored to be promoted 7 times throughout my career, eventually to one of the top 3 roles in the company. I completed my time at Home Federal Bank after helping prepare the bank for acquisition by Great Western Bank.In this role, I led a significant restructuring of all policies, procedures, systems, and culture to incorporate consistency, accountability, and expectations for corporate excellence. I identified a significant need to transform the loan portfolio and reduce the company’s risk, and with the executive Board’s support, I led renovation of the loan portfolio composition and complexity which created a solid company foundation.I provided strategic oversight for all bank issued credit products, reporting directly to the CEO and Board of Directors. In this role, I was a critical leader in:✔ Transforming Bottom Line Results, ✔ Improving risk management✔ Increasing quality of products and services, ✔ Streamlining Productivity, ✔ Reducing costs, ✔ Eliminating redundancy, and ✔ Reducing overall liability. RESULTS INCLUDE:♦ Streamlined operations as a key senior leader in a company-wide, 2-year continuous improvement / LEAN project which analyzed, redefined, and improved processes throughout the entire bank.♦ United previously-divided sales and operations teams and created a fluid channel of delivery of services.♦ Slashed underwriting approval times from 30 days to less than 10 days.♦ Co-authored revision of the bank’s mission statement (2014).♦ Realigned workforce for a cost savings of approx. $2.1M over 18 months. ♦ Opened new markets which grew to more than $60M in loans within the first year. A full list of accomplishments is available in my resume upon request. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
  • Home Federal Bank (Hffc)
    Senior Vice President
    Home Federal Bank (Hffc) 2005 - 2011
    SVP ■ Corporate Strategy Officer | 2008 to 2011: My key focus in this role was leading strategic planning, long-term organizational alignment, and customer / investor relations.SVP ■ Retail Banking | 2005 to 2008: As SVP of Retail banking, I oversaw all locations company-wide which included up to 35 retail branch locations with 200 employees in 3 states. I managed compliance, sales, marketing and operations. I consistently delivered YOY results throughout all SVP roles including including:✔ Driving Business Development & Market Expansion, ✔ Improving Budgets and Profits,✔ Strengthening Compliance & Regulatory Operations, ✔ Orchestrating Staff Improvements.HIGHLIGHTS OF RESULTS INCLUDE:◆ Grew the branch network from 27 to 35 over three years through branch optimization, research, and strategic planning.◆ Secured properties for 5 new branch locations. Sourced land, negotiated sales price, lease arrangements, etc. Managed the construction of all branch locations, delivering on time and on budget. ◆ Opened a new market with the creation and implementation of Home Federal’s sister bank, Infinia Bank. Led the marketing campaign to create, trademark and register the new bank name / brand. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
  • Home Federal Bank (Hffc)
    Vice President
    Home Federal Bank (Hffc) 1996 - 2005
    Promoted through progressively responsible leadership roles including:Vice President/Retail Banking (2003 – 2005), VP Retail Sales Manager (2001 – 2003), Vice President Market Manager (1999 – 2001) Branch Manager (1996 – 1999)

Michael Westberg Skills

Strategic Planning Credit Management Risk Management Banking Credit Risk Leadership Commercial Banking Credit Analysis Sales Marketing Project Management Underwriting Commercial Lending Loan Origination Retail Banking Mortgage Banking Mortgage Lending Marketing Strategy Product Development Mortgage Underwriting Risk Assessment Operational Risk Management Loan Work Outs Loan Servicing Ag Underwriting Ag Lending Profit And Loss Management Board Relations Policy Development Security Management

Michael Westberg Education Details

Frequently Asked Questions about Michael Westberg

What company does Michael Westberg work for?

Michael Westberg works for L.a. Amundson Investments/first Security Banks

What is Michael Westberg's role at the current company?

Michael Westberg's current role is Chairman and CEO.

What is Michael Westberg's email address?

Michael Westberg's email address is mi****@****ank.com

What schools did Michael Westberg attend?

Michael Westberg attended University Of Sioux Falls, Fairfield University.

What skills is Michael Westberg known for?

Michael Westberg has skills like Strategic Planning, Credit, Management, Risk Management, Banking, Credit Risk, Leadership, Commercial Banking, Credit Analysis, Sales, Marketing, Project Management.

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