David Krause

David Krause
David Krause
Pioneer Bank of Mankato, Mankato, Minnesota
Chairman and CEO

David Krause is Chairman and CEO of Pioneer Bank, a $737 million state chartered, Fed member, community bank with nine locations in southern Minnesota.  The bank was named a national finalist for the Extraordinary Bank of the Year award four consecutive years from 2016 through 2019 and has been named a Top 150 Workplace by the Star Tribune.  This year marks the 35th year of service for Krause at Pioneer Bank. He was named President of the bank 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 he served on the board of directors of the Minnesota Bankers Association (MBA) and served as Chair of the MBA in 2019-2020.  He is past chair of GreenSeam, a regional economic development organization focused on developing the agriculture and agri-business industry in southern Minnesota and northern Iowa.  Krause grew up on a family farm in southwest Minnesota and is a 1984 graduate of Southwest Minnesota State University in Marshall, MN with a degree in Business Administration and Management.

The bank originated over $110 million of PPP loans since the program was introduced.