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Osceola native named new President/CEO of Minnesota bank

Owatonna, MN (September 28, 2017) – Locally owned and operated Community Bank Owatonna (CBO) has hired Tim Kluender as its new President and Chief Executive Officer. Kluender, who began his duties on September 25 and also has joined the bank’s Board of Directors, brings 24 years of banking experience to the role, including the last 15 years in an executive management capacity.

Kluender is an Osceola native and a 1989 graduate of Clarke Community High School where he graduated as valedictorian of his class. Additionally he is a 1993 graduate of Simpson College in Indianola, Iowa, where he majored in Economics/Finance and earned a minor in Mathematics. In 2006 he graduated with distinction from the prestigious Graduate School of Banking program at the University of Wisconsin-Madison. Kluender has spent his entire career working in the community banking industry, beginning with Clarke County State Bank in 1993 as an officer trainee before being promoted to the bank’s Consumer Loan Officer. Later he moved on to other Iowa banks, advancing to positions that included branch management, market management, and most recently was Senior Vice President/Chief Credit Officer with First National Bank in Fairfield, Iowa.

Kluender’s wife, Sherry (Kent) is his high school sweetheart, a 1992 graduate of Clarke Community High School, a 1995 graduate of Simpson College, and she also earned a Master’s Degree from the University of Northern Iowa. The couple plans to relocate to Owatonna as soon as their home in Iowa is sold.

Kluender’s parents, Ron and Judy Kluender, have resided in Osceola since 1969.

“I am honored to join the Community Bank team and Board of Directors”, Kluender said. “I am passionate about the value and importance of community banking, and am pleased to be joining an organization in CBO that shares this vision. Additionally Sherry and I look forward to becoming very involved in the Owatonna community.”

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