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IBA Member Spotlight: Jacob Reuter

Reuter Brings Accounting Knowledge to Banking

Jacob Reuter 1Looking back on his career, Jacob Reuter says his first “professional” job was a hybrid role of accountant and purchasing agent for a wholesale distributor. The University of Dubuque graduate says that role taught him what it takes to keep a business operating.

Today, Reuter is the chief financial officer at Ohnward Bancshares, the bank holding company for Ohnward Bank & Trust, First Central State Bank and Maquoketa State Bank.

How did you get into banking as a career?

I previously worked in public accounting and had an opportunity to join the Ohnward organization, which provides me with an opportunity to apply many of the talents I used in public accounting to banking.

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?

My first “professional” job was a hybrid role of accountant and purchasing agent for a wholesale distributor. I was able to learn about many of the other roles needed to keep a business operating and serve its customers.

When you’re not at work, what do you like to do most?

Attending my sons’ sporting events — baseball, soccer and basketball.

What is a quote or guiding principle you live by?

Pass knowledge onto others. We all go through times in our lives when we don’t know how to do something and someone else showed us how. Return the favor and go out of your way to be that someone else.