Pella Chronicle

Local News

March 5, 2014

Pella Chamber presents Hall of Fame Awards

(Continued)

Pete Verhey

Pete started his career at Marion County Bank 40 years ago as a teller. From that position he moved to opening accounts and then became a consumer loan officer. He soon began work in the commercial loan area and then in 1999 was promoted to President and CEO. In his role as CEO, Pete led the bank in growth, from 125 million to 218 million dollars in assets.

During his time as president and CEO, Pete played a critical role in keeping Marion County Bank locally owned when the Vermeer family decided to sell the bank in 2000. To this day, the bank is still locally owned and reinvests millions of dollars back into the community through payroll, taxes, and donations.

After ten years as Marion County Bank’s President, Pete semi-retired and transitioned to President of the Bank’s holding company, Pella Financial Group. The day after this decision, a dear friend introduced him to the PET Ministry. A PET (Personal Energy Transportation) is a wheel chair propelled by a hand-crank that is designed for rough terrain. Since then, Pete and other volunteers have produced over 800 PETs.

In addition to his career at Marion County Bank and his PET project, Pete has been on the boards of PADCO, Kiwanis, COC, Bethany Christian Services and the Pella Chamber of Commerce. Pete was the finance coordinator for the PCHS new campus building project, served on the fundraising committee for the Comfort House and as a youth group leader at Calvary CRC for over 20 years.

While Pete has been in banking for 40 years, he has shown his commitment to the community through his career and his passions.

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