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Jeff Plagge appointed as next banking superintendent

Gov. Kim Reynolds announced today that she has appointed Jeff Plagge, president and CEO of Northwest Financial Corp., to serve as superintendent of the Iowa Division of Banking. Plagge will begin the new role on Sept. 16 when the current superintendent, Ron Hansen, steps down.  

“Jeff is a proven leader with deep insights into the banking industry, especially when it comes to balancing consumer protection with regulatory oversight,” Reynolds said in a release. “He believes in building trust, exchanging ideas, and staying on the forefront of industry changes. Jeff will do an outstanding job in his new position.” 

Hansen, who has served as superintendent of banking since November 2015, will play a significant role in the transition to a new superintendent, Reynolds said. “We’ve been fortunate to have him at the helm for so many years,” she said. “I wish him all the best as he returns to the private sector this fall.” 

Plagge has been president and CEO of Northwest Financial Corp. since 2009. Based in Arnolds Park, the financial services holding company includes Northwest Bank, First National Bank of Creston and Northwest Wealth Management.  

He has served as the chairman of the Iowa Bankers Association and the American Bankers Association, as a board member of the Federal Reserve Bank of Chicago and as the chairman of the Community Depository Institution Advisory Council for the Chicago Federal Reserve. 

Plagge’s appointment is subject to confirmation by the Iowa Senate.   

To read a profile piece about Plagge by the Iowa Bankers Association, click here.

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