Paul Mitchell
The Sawyer County Record
December 10, 2009
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Jaeger retires after 30 years with Johnson Bank
Walter Jaeger, regional president for the northwest region of Johnson Bank in Wisconsin, announced his retirement after 30 years with the bank.
With northwest locations in Hayward, Spooner, Rice Lake, Menomonie and Eau Claire, Johnson Bank is part of Johnson Financial Group, the $5.7 billion financial services parent company of the bank and Johnson Insurance Services.
Jaeger, who is a longtime resident of Hayward, announced his retirement last month after serving nearly 40 years in the banking industry. Appointed by founder of the bank, the late Samuel C. Johnson, Jaeger will now serve on the bank’s regional advisory board and will remain in Hayward.
The bank also announced the appointment of Craig Hokanson as Jaeger’s successor.
“I know I’m leaving our clients in good hands with Craig,” Jaeger said. “He’s a seasoned lender who’ll provide great direction to our strong leadership team here in Hayward.”
Until now, Hokanson has been the regional commercial manager for the bank, responsible for leading the commercial sales team along with oversight of the commercial loan portfolio since 2006. He has also been an active member of the bank’s regional leadership team, which focuses on strategic planning, human resource planning and business development initiatives for the region.
“I’ve learned so much from Walt and will continue to build on what he started with a single office years ago,” Hokanson said.
Before joining Johnson Bank, Hokanson held various positions of increasing responsibility at other banks. He has been in the banking industry for 20 years resides in Cumberland.
Hokanson, who began his new role on Dec. 1, will work closely with Jaeger during the period of transition. Together they will continue to develop the Hayward leadership team and team of financial advisors.
Jaeger, who is actively involved in the community, will continue in his current roles.
“I’ve truly enjoyed my time here working closely with the Johnson family,” Jaeger said. ”Hayward is home to me and my family. We’re here to stay.”
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