Engelmann retires after 36 years on Quoin Financail board of directors

Posted January 2, 2013 at 8:00 am

AFTER 36 YEARS on the board of Quoin Financial Bank and its financial predecessors, George Engelmann is stepping down.

George Engelmann.jpg

Engelmann retires after 36 years on Quoin Financial Bank board of directors

George Engelmann has been a rancher all his life, and although he’s now retired, he still lives on the ranch south of Ree Heights.

For more than a third of his almost-90 years, Engelmann has also served as a bank board member.

“I started as a director in August 1976,” Engelmann explained. “I replaced board member William Schuette of Highmore.”

When he embarked on the 36 years as a board member, the bank was First National Bank. It was then First State Bank, and is now called Quoin Financial Bank. Quoin Financial Bank has offices located in Miller, Highmore and Sioux Falls.

“At one time, there were 10 directors, and now there are six,” Engelmann said.

The board meets once a month, when they “discuss the business of the bank,” said Engelmann. “The board has to approve what the bank does in the area of loans and other activities,” he noted.

Engelmann graduated from Miller High School. He remembers those early days with fondness.

“When I was young, we went to dances every Friday night. There were halls located all over the county, and those dances were the main form of entertainment. It’s how you met people.”

He married Leona Fawcett and they reared six children. After Leona’s death, he married Beth Kelsey. He will celebrate his 90th birthday in February.

Considering monthly bank board meetings for 36 years, the grand total comes to 432 meetings held. Engelmann says, overall, it was an enjoyable experience.

He has witnessed many changes, especially with the advent of computer banking.

Howard Peterka was president when Engelmann started on the board, and now the Peterka sons are carrying on the banking legacy.

“I was doing business at the bank one day in 1976 and Howard asked me if I would serve on the board. I told him I didn’t know anything about banking. He told me, ‘You will learn.’ I guess he was right.”

“I was doing business at the bank one day in 1976 and Howard asked me if I would serve on the board. I told him I didn’t know anything about banking. He told me, ‘You will learn.’ I guess he was right.”

~George Engelmann

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