24
Wisconsin Community Banker
September/October 2014
●
Bank of Sun Prairie
Alice Hensen
, president, retires
on Dec. 31, 2014 after 48 years at the
Bank of Sun
Prairie.
Hensen
broke the
glass ceil-
ing when
she became
the bank’s
president in
2006. At the
time of her appointment, she was the
only woman leading a bank in Dane
County and one of the few to ever do
so in the state. She started her bank-
ing career at the age of 20, working in
the back room proofing transactions.
Hensen learned on the job while tak-
ing courses that led her to customer-
facing roles as a teller and head teller,
to eventually learning mortgage and
commercial lending. This sequence of
jobs opened the door to the executive
level.
Over the years, Hensen has been
very active in the community and
the banking industry. She was on the
board of directors of the Wisconsin
Bankers Association and the Ameri-
can Institute of Banking, on the board
of trustees for the Sun Prairie library,
and co-chair of the campaign to build
a new library. Hensen also served on
the Sun Prairie Chamber of Com-
merce, the Community Development
Authority for the City of Sun Prairie,
and was most recently chair of the
Wisconsin Bankers Association Bank
Executive Committee for its 2014
conference.
Hensen is a firm believer that you
should be involved in your commu-
nity and that drive is reflected in the
many employees that have “taken the
baton” and found ways to give back.
●
Community First Bank, Boscobel
Patricia Updike
, vice president-
compliance officer, began working
for Com-
munity First
Bank (then
Boscobel
State Bank)
in 1971 in the
bookkeeping
department.
Since that
time she has
held positions as teller, receptionist,
administrative assistant, loan proces-
sor, consumer loan officer, and loan
operations officer before advancing to
her current full-time compliance posi-
tion in 2010.
As vice president-compliance
officer, her primary responsibility is
to keep the bank in compliance with
state and federal banking laws. Other
duties include reviewing products and
services for compliance, assisting in
establishing bank-wide policies and
procedures, preparing for and follow-
ing up on audits and regulatory exam-
inations, and providing compliance
support to all employees as needed,
an often difficult
job.
Over the
years, Updike
has not only
committed
to CFB, but
also the bank’s
philosophy of
giving back to
the community,
through hands-
on volunteerism.
Updike’s most
recent commu-
nity involvement
includes serving
as a director on
the Boscobel
Education Board, and treasurer of her
local church.
●
Collins State Bank, Random Lake
Paul Olm
, consultant, was honored
for 45 years of service to the indus-
try. Now
nearing
retirement,
he began
his career
at Thorp
Financial
and worked
at American
Bank (also
known as National Exchange Bank).
He worked at Wisconsin State Bank
as internal auditor, accountant, and
financial officer before becoming an
employee of the bank’s holding com-
pany, Merchants & Manufacturers
Bancorp. Before joining Collins State
Bank, he was instrumental in the
start-up of Sunset Bank in Waukesha.
In 2008 Olm led the acquisition of
Collins State Bank by the Jeffrey Muel-
ler family. At the time of the acquisi-
tion, Collins was a $12-million bank
with one location and a limited IT
operating platform. Olm was installed
as president and wore the hats of chief
financial officer, lender, and compli-
ance expert through a very difficult
period in banking. Collins acquired
its Random Lake branch in 2010 with
Olm doing the conversion.
Currently, Olm maintains a part-
time position with Collins as an over-
all consultant to operations. He’s also
a shareholder. In 2014, he oversaw
the construction and opening of the
bank’s third branch office in Kiel.
