David Krause

David Krause is the chairman and CEO of Pioneer Bank, a $737 million state-chartered, Fed member community bank with nine locations in southern Minnesota. Pioneer was named a national finalist for the Extraordinary Bank of the Year award for four consecutive years from 2016 through 2019 and has been named a Top 150 Workplace in Minnesota by the Star Tribune newspaper. Pioneer has originated over $110 million of Paycheck Protection Program (PPP) loans since the program was introduced. This year marks the 35th year of service for Krause at Pioneer Bank. He was named president in 1996 and CEO in 2000.  Prior to being named the CEO, Krause specialized in residential mortgage lending and business banking.  During his tenure as CEO, the bank completed four merger and acquisition transactions and opened two de novo branches. From 2013 to 2017, Krause served on the board of directors of the Minnesota Bankers Association (MBA) and served as its chair from 2019-2020.  Krause grew up on a family farm in southwest Minnesota and received his degree in business administration and management from Southwest Minnesota State University.  He is the past chair of GreenSeam, a regional economic development organization focused on developing the agriculture and agri-business industry in southern Minnesota and northern Iowa.