Iowa Bankers Association Iowa Bankers Mortgage Corporation
Iowa Bankers Insurance
and Services
8800 NW 62nd Avenue
PO Box 6210
Johnston, IA 50131
Toll-Free: 800-532-1423
Fax: 515-286-4214

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Board of Directors

Board of Directors

Board of Directors

IBIS is a separate corporation with its own articles and bylaws and Board of Directors. The Board consists of up to twelve members with full voting rights including the IBIS President and IBA President/CEO the IBA President/CEO also serves as IBIS Secretary. Each year a banker is elected to the IBIS Board to serve a maximum of six one-year terms. The Board Member progresses through the chairs, that is, Chair Elect the fourth year, Chair the fifth year, and Past Chair the sixth year on the Board.

Steven  D. Spotts, Chair
President, CEO, and TO
Iowa State Bank
Sac City, Iowa

Sean Noonan, Past Chair
President and CEO
Farmers State Bank
Algona, Iowa

Michael L. Underwood, Chair Elect
President and CEO
Guthrie County State Bank
Panora, Iowa

John Sorensen
President and CEO
Iowa Bankers Association
Johnston, Iowa

Chad Ellsworth
Iowa Bankers Insurance & Services, Inc.
Johnston, Iowa

Michael L. Gathman
Senior Vice President
State Bank
Spencer, Iowa

David VanderWilt
Hardin County Savings Bank
Eldora, Iowa

Gregory A. Johnson
President, CEO, Chairman
First State Bank
Sumner, Iowa

Jeffrey K. Putzier
President, CEO, TO
Boone Bank & Trust Company
Boone, Iowa

David Selene
President, CEO
Clarke County State Bank
Osceola, Iowa

David L. Steen
Bridge Community Bank
Mount Vernon, Iowa

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Mid America Banking Insurance Services, Inc., a subsidiary of IBIS, provides insurance programs to banks outside of Iowa. 

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The Iowa Bankers Association (IBA) is dedicated to serving Iowa banks and their employees.

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Iowa Bankers Mortgage Corp. (IBMC) offers the products & experience Iowa banks need in the secondary mortgage market.

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