Jeanne Richter of Farmers State Bank awarded 2021 MBA Banker of the Year

Jeanne Richter, president and CFO of Farmers State Bank of Munith, was selected as the 2021 MBA Banker of the Year. The Michigan Bankers Association Board of Directors recognized Richter based on her commitment to the association, her contributions to the industry, the success of her bank, and her strong record of community service. 

“Jeanne is a leader in the financial industry,” T. Rann Paynter, MBA President and CEO, stated. “She has been devoted exclusively to community banking, and her leadership was key while our industry served the people of Michigan during an unprecedented health crisis.” 

Paynter shared that Richter has been active in Stockbridge Community Schools Homework Help, a program sponsored by FSB of Munith to assist students after school hours with homework and learning.

Richter joined FSB in 2000 as financial officer, progressing to executive vice president and chief financial officer in 2002. In 2005, she was elected to the board of directors and was named president in 2009. She began her career in the banking and financial industry as an examiner for the North Dakota Department of Banking after graduating from North Dakota State University. 

Richter has been involved in a variety of positions within the financial industry outside of FSB demonstrating her commitment to community banking. She is in her third year of a three-year term on the ABA Community Bankers Council, and was appointed by Governor Rick Snyder in 2011 to the Office of Regulatory Reinvention (ORR) Insurance and Finance Advisory Rules Committee.

“Jeanne has dedicated her career to Michigan banking and the development of our industry’s future bankers,” Paynter said.

Jeanne Richter, president and CFO of Farmers State Bank of Munith, was awarded the 2021 MBA Banker of the Year.