Our People

We carefully select our employees for their competence and expertise. They are energized and take pride in what they're doing. We're proud that our combined banking and financial services experience exceeds a decade! It is our passion to provide fast, accurate, professional service in a warm and friendly manner. You'll see it in our smiles and in our eagerness to serve you.

OFFICERS / SENIOR MANAGEMENT

Darren Hetland

President & CEO

Darren has been in the banking industry since 1991 and has executive bank management leadership and Federal regulatory examination experience.  Darren has significant experience in all types of lending including commercial, agricultural and consumer.  He takes great pride in delivering superior customer service to each individual to ensure that customers' needs are met.

Todd Seeman

Commercial Loan Officer

Todd has been in the banking industry since 1995.  Todd has a wide variety of experience in banking where he started his career as a personal banker before managing a branch of a large bank.  He has a great deal of knowledge and experience in business banking which he utilizes to help customers meet their financial needs and to help them grow their businesses.  Todd has been servicing the Twin Cities Metro-area for the past 5 years.

Paul R. Rank

Vice President of Operations & Cashier

Paul R. Rank began his banking career in 1981, dedicating his time and talents primarily to the operations, accounting, audit and compliance functions with the banking industry.  Paul has held similar management positions at three other financial institutions in Minnesota, as well as performed consulting work for banks in Wyoming and Montana.  He has served on various banking industry and non-profit organization committees, and attained the Certified Cash Manager designation in 1995.  Originally from southeastern Minnesota, Paul has lived in the Twin Cities metropolitan area since 1976.

Pat Henderson
Vice President of Loan Administration

Pat Henderson began her banking career in 1975 with Farm Credit Services and subsequently joined a $250 million community bank in Northwest Iowa as Vice President of Loan Administration. Pat and her family moved to the southwest suburbs of the Twin Cities in 2004 when she joined a Metro-area community bank as Vice President of Loan Administration.

BOARD OF DIRECTORS

Dennis M. Hansen
Chairman, First Resource Bank Board of Directors
Director, Evans Bancshares Inc., Evansdale, Iowa

Dennis M. Hansen has 18 years of banking experience. He is Chairman of the First Resource Bank Board of Directors and has been with First Security State Bank, Evansdale, Iowa since 1992. His current position with First Security State Bank is President/CEO/Director. Mr. Hansen was a founding organizer of Olmsted National Bank and a director of the bank from 1996-2003. He has been a director of Evans Bancshares Inc. since 1994 and was formerly a bank examiner for the Federal Reserve Bank of Dallas and a Commissioned Examiner with the Iowa Division of Banking.

Allan J. Iverson
Certified Public Accountant

Allan J. Iverson, CPA, has 30 years of individual, partnership and corporate income tax experience, and is currently a tax accountant with NJK Holding Corporation. He retired from public accounting in 2005 and is a former shareholder in the CPA firm of Steingart & Iverson, P.A. Mr. Iverson earned a bachelor's degree in accounting from Moorhead State University and a master's degree in business taxation from the University of Minnesota.

Peter T. Rauch
Business Owner

Peter T. Rauch is the President/CEO of First Resource Corp. which sells vehicle service contracts to automobile dealers in the five state area.  He has over 13 years experience in the training of finance and insurance managers in the automobile industry.  He has been elected for the past 13 years to the District Council for the City of St. Paul and has served on the St. Paul Star Board and the Northeast Neighborhood Development Corporation.

Richard K. Hansen
Retired Chairman, Evans Bancshares, Inc., Evansdale, Iowa

Richard K. Hansen has more than 33 years of banking experience. From 1982 until 2005 he has been Chairman of the Board of First Security State Bank and President of Evans Bancshares Inc., Evansdale, Iowa. He served as President/CEO of First Security State Bank from 1982-2002. He was a founding organizer of Olmsted National Bank, Rochester, Minnesota in 1996, and served as a director until 2003. From 1972-1982, Mr. Hansen was vice president of consumer lending for Peoples Bank and Trust, Waterloo, Iowa.

Michael Borchert

Business Owner

Mike Borchert started out his career working for both national and locally owned payroll service companies.  An entrepreneur and natural salesman, he started his own payroll company, PayDay of Minnesota, in 1994.  The company grew to exceed $9,000,000 in annual revenue before being sold to Wells Fargo Bank in 2004.  As an Executive Vice President of Wells Fargo Bank, Mike led the team that built the foundation and successfully launched Wells Fargo into the payroll industry.  Since leaving his position with Wells Fargo in 2006, he spends his time managing his own privately held venture capital business.  He also holds seats on the Boards of Directors for several Minnesota businesses.  Mike lives in Eden Prairie, Minnesota, with his wife Sue and their three children.

Darren Hetland

President & CEO of First Resource Bank, Director

Darren has been in the banking industry since 1991 and has executive bank management leadership and Federal regulatory examination experience.  Darren has significant experience in all types of lending including commercial, agricultural and consumer.  He takes great pride in delivering superior customer service to each individual to ensure that customers' needs are met.

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