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IBA Member Spotlight: Michelle Deutmeyer

Archived Industry News:IBA Member Spotlight: Michelle Deutmeyer

Last Updated: 11/4/2020 2:30 PM

Career Opportunity Finds Deutmeyer at the ATM

After earning her degree in accounting, Michelle Deutmeyer moved to Colorado while her husband served in the U.S. Army. While there, she became the restaurant manager at a hotel and continued working in restaurants when she and her husband returned to Iowa. Her banking career got its start, however, while she was using an ATM. A friend she hadn’t seen in a while came out of the bank to say hello and told her about a job opening for an accounting clerk at the bank. “That was Wednesday. I interviewed Friday and started on Monday,” she said.

That was 31 years ago. Today, Deutmeyer is chief financial officer at Community Savings Bank in Manchester.

How did you get into banking as a career?  
I had always thought I was going to be a lawyer, but fate had different plans. I went to the University of Iowa for accounting, then moved to Colorado Springs as my husband was in the Army. I had worked my way up to become a restaurant manager at a hotel in Colorado. When my husband got out of the army, we moved back to Cedar Rapids and I worked in restaurants. After a year, I was driving around back home with my dad as he checked fields and saw a house in the country. A month later, it was mine. I worked as a waitress at a local country club and served a group of bankers. I told myself I will become a banker. I was using the ATM at our local branch and a longtime friend came out to say hi as I had been gone for several years. She said Community Savings Bank was hiring. That was Wednesday. I interviewed Friday and started on Monday. I just passed 31 years at CSB, having started as an accounting clerk and am now the chief financial officer.

Prior to your current role, what was the most unusual or interesting job you’ve ever had, and what lesson did it teach you that you still use today?
Prior to banking, I worked in restaurants to get through college and then also when I moved. I worked my way up to manager in Colorado in the year I was there. I think being a waiter is a great way to learn how to deal with people — all kinds of people. I am a people person, and I loved the conversations with the customers — still do.

What is your best elevator pitch for why banking is a great career?
Banking is a great career because it is always changing and there are new things to learn, whether it is software, regulations or processes. I learn something new every day!

How does getting involved with the Iowa Bankers Association help you and your bank?
I have been involved in several committees with the IBA. I was on the advisory committee for the Iowa School of Banking. One of my favorite things over my years was the Leadership Institute. I thought it was a great experience! I also attended the Operations Conferences and Compliance School many years ago.

When you’re not at work, what do you like to do most?
I have four grown sons that I love to travel and have adventures with. I also love live music and riding my Harley.

What is a quote or guiding principle you live by?
I have overcome many challenges in my life. I believe you have to enjoy life every day. I have tons of quotes everywhere, but two of my favorites are: “You can only control two things — your attitude and your effort.” and “You need to win the day.” Both by Jon Gordon.

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