Farmers Bank this month announced David Woodcock will retire as president after 34 years with Farmers Bank and 46 years in banking. Woodcock joined Farmers Trust and Savings Bank (FTSB) in 1985, as Senior VP / Cashier, in 2007 he became President, and then added CEO/Director responsibilities in 2011. Woodcock plans to step down as President December 31, 2018 and remain CEO/Director until June 30, 2019, when his career at Farmers Bank officially ends.
Woodcock has been a huge supporter and volunteer within the community. His involvement extends 30-plus years including: Hy Noon Kiwanis member (also served as Club Treasure and board member), Original Treasurer of the Spencer Community School Foundation (since 1988), President of Jobs Trust, Chairman of the Spencer Industries Foundation, board member of the Iowa Lakes Corridor Development Corp., President of United Way, member of the Board of Managers of the Iowa Lakes Venture Capital Corp., and VP of Iowa Lakes Corridor Housing Corp. plus his involvement in many special community events. He plans to continue being an active volunteer after his retirement next summer.
“Dave has been an outstanding leader through the years. He will be missed by the board but has certainly earned his retirement.” Doug Hart, Board Member.
“I am grateful for the opportunity to lead such a tenured, talented staff. I think our keys to success include: our friendly, loyal and dedicated staff eager to serve our customers and help make their financial dreams a reality,” said Woodcock. “Building relationships and calling customers by name, our local decision-making ability, ongoing support and connection with our community, being a well-respected financial partner for our customers and offering innovative products and solutions to meet our customer’s needs and our ability to remain a family-owned community bank with local director involvement have been keys to our success these last 102 years. Some banks have branches, we at Farmers Bank have roots.”
“In retirement, I am looking forward to spending time with family and friends. I grew up with Lionel Trains so my hope is to rekindle that hobby, as well as pursue walleye fishing in Ontario.”
Farmers Bank is a community-based bank, established in 1916 in Spencer, Iowa, with total assets of $435 million. Today, Farmers Bank continues to offer the best high-touch customer services with superior banking products. Farmers Bank has built a solid reputation as a hometown community bank based on trust and great service.