Luana Savings Bank’s Kiel Fritz Promoted to Chief Credit Officer

Luana Savings Bank has announced the promotion of Kiel Fritz to the position of Chief Credit Officer, located at the bank’s headquarters in Luana, Iowa. In this new capacity, Fritz will be responsible for managing all aspects of the overall quality of the bank’s loan portfolio. Fritz will provide leadership and oversight for the credit administration department including loan policies, procedures, quality, and controls. 

Fritz, a Northeast Iowa native, has been with Luana Savings Bank for nearly 5 years as a Vice President and seasoned Agricultural and Commercial Loan Officer, also an active member of the bank’s Asset-Liability (ALCO) and Executive Committees. Prior to joining Luana Savings Bank, Fritz spent 13 years at another local community bank as Vice President, Agricultural Lending. Kiel is a 2005 graduate of Iowa State University, as well as a 2014 graduate of the Graduate School of Banking in Madison, WI.

“We’re excited to have Kiel in his new role with Luana Savings Bank. The bank’s pristine loan portfolio has been a source of pride and strength for our organization for decades, and Kiel is the right person to ensure this historical record continues for decades to come. His expertise and common-sense approach to credit administration and quality, paired with his strong lending background and appreciation for the relationships our bank has built with quality ag and commercial customers, will no doubt carry on the bank’s success.” – David Schultz, Director & Owner

“On behalf of the Luana Savings Bank Board of Directors, I congratulate Kiel on his promotion to the Chief Credit Officer position. Kiel’s previous credit management and lending experiences uniquely qualifies him for this position and will serve him well.  He has demonstrated to the Board the adept ability to present diverse perspectives when addressing credit underwriting and administration, banking solutions, asset liability management, and key market trends.  Kiel will join a strong leadership team at Luana Savings Bank, and will continue to provide valuable insights now and in the future to ensure the continued success of the bank.” – Patricia Dyar, Chairperson, Board of Directors

About Luana Savings Bank
Founded in 1908 in the rich, rolling farmland of Northeastern Iowa, Luana Savings Bank is one of the largest, oldest, and most trusted community banks in the state. With around $2 billion in assets, 6 locations, and 100 employees, Luana Savings Bank has a highly motivated team focused on helping their customers and supporting its communities.