Mike Bonander and Caleb Ellingson join Exchange State Bank staff
Glenda McGaffee
Ellingston (left) and Bonander pose for a photo in front of the bank.

When visiting Exchange State Bank of Hills, customers may have noticed a couple of new young men on staff. They are Mike Bonander and Caleb Ellingson, and the two were interviewed for the Hills Crescent last week.

Question: What is your position at the bank?

Mike: I am a loan officer and vice president.

Caleb: This is the first position of this kind at the bank. The Exchange State Bank is growing and had the need for a credit analyst.

Question: Where did you go to school?

Mike: I graduated from Augustana College in Sioux Falls, S.D., in 2006 with a major in business administration along with economics and Spanish. Before working at the bank in Hills, I was employed in Minneapolis at First Commercial Bank  for 1 1/2 years, Home Federal Bank for 3 1/2 years and Pine River Capital Management for 2 1/2 years. While in Minneapolis, I earned my master’s degree in business from the University of Minnesota.

Caleb: I graduated this past May with a Bachelor of Science in Finance Degree from Southwest Minnesota State University in Marshall.

Question: Why did you decide to work in a financial institution?

Mike: My grandfather and father have worked in banks, and I decided I wanted to join the family business.

Caleb:   My first years of college I went for an accounting degree but decided to pursue a degree in business.

Question: What do you enjoy most about your job?

Mike: I enjoy working with the people in the community and the personal touch of small town banking

Caleb: I also enjoy working with the community and the personal touch of small town banking.

Question: What do you do for fun?

Mike: I hang out with friends, spend time at the lakes, travel and spend time with my dog, a Great Dane.

Caleb:  I enjoy golf, hanging out with friends and traveling.

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