As the principal founder of the Company and the Bank, Mr. Baack was responsible for all aspects of the Bank s formation, including the initial capital raise, business plan, board and management team structure and recruitment, and regulatory approval. He currently serves as Chairman of the Board and Chief Executive Officer ( CEO ) of the Company and the Bank, positions he has held since the Company was founded in 2005. From 2005 to 2024, he also served as President of the Company and the Bank. Prior to establishing the Bank in 2005, Mr. Baack held positions at the Federal Deposit Insurance Corporation ( FDIC ), Commerce Bank, First State Bank of Excelsior, and Hampton Bank, all located in the State of Minnesota. He has over 35 years of commercial banking and regulatory experience. As a result of the Bank s continued success, Mr. Baack was recognized in The Minnesota 500 as one of the most powerful and influential leaders in Minnesota in 2019, 2020 and 2022 and in the Twin Cities Business magazine as one of the top 100 people to know in 2019. He currently serves on the Advisory Board for the commercial banking program at Marquette University. Mr. Baack holds a B.S. from Minnesota State University, Mankato and is an alumnus of the Graduate School of Banking at Colorado, Boulder.