In this episode ww dig into how close ownership opens up a different way of doing business. Glenwood State Bank president Peter Nelson shares the profound impact a purpose-driven approach can have on banking strategy and community engagement.

Highlights from our discussion:

- The history of the bank and the shift in measuring results from short-term financial returns to stewardship and long-term community impact.

- How the multifaceted nature of their community has shaped their diverse portfolio, including personal banking, commercial business, agriculture, insurance, and real estate.

- The challenges of maintaining the commitment to purpose through economic downturns.

- The advantage of the bank's values and purposes for attracting and retaining employees aligned with the bank's mission.

- The challenges of managing family business dynamics, including working with relatives and succession planning for future generations.

For more information or to connect with Peter Nelson and learn about their unique approach visit https://glenwoodstate.bank/.