Schroeder Combines Business and Ag in Banking
After growing up on a farm with crops and livestock, Scott Schroeder went to South Dakota State University. He found that he, “enjoyed business classes and wanted a career where I can use my agriculture background and business courses together.” He’s now in that career as a loan and marketing officer at Sibley State Bank.
His past experiences allow him to help his customers better, especially his agricultural customers. He learned from a previous agricultural position that every farming operation is unique, and a solution that works for one farmer might not work for another. Similarly, in banking, every person’s situation is unique to them with unique solutions.
How did you get into banking as a career?
I grew up on a diversified farming operation with row crops and livestock. I enjoyed business classes and wanted a career where I can use my agriculture background and business courses together. This also allowed me to stay active in the family farming operation.
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 for the Western Iowa Dairy Alliance. I did not have a ton of experience with the dairy industry, and I found it very interesting to learn about all the technological opportunities related to dairy. It was an opportunity to learn how dairy farmers operate their farms differently from one another. This carries over into banking and understanding our agriculture customers, every farming operation is unique and what works for one farmer may not work for another.
What is your best elevator pitch for why banking is a great career?
Banking is a challenging yet rewarding career where you get to help customers reach their dreams while being in a community-oriented field.
How does getting involved with the Iowa Bankers Association help you and your bank?
Being involved with Iowa Bankers has made me a better banker and employee. With the number of regulations banks have, Iowa Bankers does a great job of keeping me informed on those regulations and any possible changes. I also get the opportunity to meet bankers from other parts of the state.
When you’re not at work, what do you like to do most?
When I’m not at the bank you can find me working at the family farm doing just about anything. If I’m not at the farm I am an avid traveler and enjoy attending Iowa State and South Dakota State sporting events.
What is a quote or guiding principle you live by?
“Success is not final; failure is not fatal: it is the courage to continue that counts.”
— Winston Churchill