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Stearns Financial Services and Three Stearns Bank Charters Announce New Board Roles

Posted on: Nov 11, 2021

St. Cloud, Minn. (November 11, 2021) – Stearns Financial Services, Inc., the holding company for three Stearns Bank charters, has named Kelly Skalicky chair of the board of directors. Skalicky is also president and CEO of Stearns Financial Services, Inc.

In related moves, Deb Lorenzen, managing director and head of enterprise data governance for State Street Bank, Boston, MA, was elected chair of the board of directors for Stearns Bank National Association, the largest bank charter; and Heather Plumski, chief financial & strategy officer for Stearns Bank, was elected chair of the board of directors for both Stearns Bank Holdingford, N.A. and Stearns Bank Upsala, N.A., two additional charters held by Stearns Financial Services.

“The landscape of financial services and banking is quickly changing, demanding continuous evolution and fresh perspectives. We are excited to work with Deb and Heather in their new leadership roles for the Boards,” said Kelly Skalicky. “Deb’s outside perspective and strong strategic and governance experience, and Heather’s deep understanding of our bank vision and extraordinary business and financial acumen, make them exceptional leaders.”

Skalicky added, “We’re confident they will be extremely successful in guiding our strategic plan to continue delivering industry-leading earnings, disciplined risk management and strong capital. We’re absolutely thrilled about Deb and Heather’s election to chair our bank boards and really excited to work under their leadership.”

For more information on Stearns Financial Services and the Stearns Bank charters, visit


About Stearns Financial Services Inc.

Stearns Financial Services Inc. (SFSI) is a well-capitalized, $2.2 billion independent financial holding company based in St. Cloud, MN. It is the holding company for Stearns Bank N.A., Stearns Bank Holdingford, N.A., and Stearns Bank Upsala, N.A.


About Stearns Bank

Minnesota-based Stearns Bank National Association is an independently-owned financial institution with locations in Minnesota, Florida and Arizona, and over 35,000 small business customers nationwide, in every U.S. state. Recognized as one of the nation’s top-performing banks by both American Banker and Independent Banker magazines, Stearns Bank specializes in small business lending and equipment financing. Driven by a passion to help others achieve their greatest ambitions, Stearns Bank gets the job done! For more information, visit


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Rory Bidinger