Mary Kay Bates is President and Chief Executive Officer of Bank Midwest, a regional community bank and financial services company with $840 million in assets based in Spirit Lake, Iowa. Bank Midwest provides banking, insurance, wealth management and trust services through an 11-branch network located throughout Northwest Iowa, Southwest Minnesota, and Sioux Falls, South Dakota.
Mary Kay’s career in community banking has spanned over 25 years and since joining Bank Midwest in 1995, she has gained a broad range of experience in lending, marketing, human resources, and operations. As an executive leader the past 15 years, her responsibilities progressively increased to strategic initiatives that has included acquisitions and growth strategies, operational effectiveness, and workforce engagement. Leading customer-centric change and innovation has become fundamental to her role as President/CEO. Mary Kay currently serves on the Board of Directors for Bank Midwest and Goodenow Bancorporation. She serves as a committee member of the Federal Reserve Community Depository Institution Advisory Council (CDIAC).
Mary Kay is a Trustee of the Graduate School of Banking at Colorado and an active member of the Iowa Bankers Association, serving on the legislative committee and as a Regional Vice-Chair. She is a Trustee of Lakes Regional Healthcare and a board director of Lakes Regional Healthcare Foundation. Mary Kay is also recognized as an active community leader and volunteer, having served on multiple boards to enrich quality of life and economic development within her community.
Her education includes four years at Iowa State University in engineering and chemistry and graduating with honors from Graduate School of Banking Colorado. She is a self-designated life-long learner and continues her education in the disciplines of banking, insurance, and the securities industry.