Jeff Kolstad Joins Partners Bank
Jeff Kolstad joins the Partners Bank team as Senior Vice President, bringing with him 32 years of local banking experience.
Having the challenge of a new opportunity while remaining close to those he’s come to know attracted him to the position. “I like the community part of it,” he said. “There’s a familiarity with the area and the customers, too.”
Kolstad is a longtime local resident, and ironically, never intended to get into finance. The Auburndale native grew up on a dairy farm and graduated from UW-River Falls, earning a bachelor’s degree in Animal Science with an emphasis in business. After graduation, he worked as a farm consultant for two years at a local feed company before a college friend told him to apply for an opening at Farm Credit Services in Medford.
“So I did that, and that’s how I got into the finance end of it,” Kolstad said. “The doors opened, and that’s where things went.”
Though his career path took a different turn than expected, he still values that agricultural background in his dealings with customers today. “It just helps you relate better to farm families and farmers in general.”
Over the years, Kolstad expanded his expertise into commercial lending. Working with commercial customers has allowed him the opportunity to work with a broad diversity of businesses. He notices that business owners and farmers share a lot of the same characteristics, which are a strong work ethic, drive, expertise, and positive outlook.
Kolstad sees getting to know others as an important part of his position. “I enjoy building relationships with the customers, acting as a consultant or partner, helping them out and finding solutions to their needs,” he said. “I call it building partnerships, because it is a partnership between the business owner and the lender, helping people fulfill their dreams and meet their goals.”
As Senior Vice President, he will direct his efforts to continuing to provide good quality service, and form new relationships while building upon the old.
In his free time, Kolstad enjoys cheering on the Badgers, Brewers, Bucks, and Packers. He has also been active in the community with Marshfield Area United Way, volunteer youth coaching, church council, Kiwanis, and the recent Farm Technology Days. His three children graduated from Spencer High School and two are still in college, though not to study finance.
But as Kolstad knows, anything could happen.
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