The Michigan Bankers Association (MBA) congratulates Jeanne Richter, President and CFO, Farmers State Bank of Munith as the 2021 Banker of the Year. The MBA Board of Directors recognizes an industry leader as the MBA Banker of the Year based on their commitment to the Michigan Bankers Association, contributions to the industry, success of their bank, and a strong record of community service.

“Jeanne Richter is most deserving of this honor. She has dedicated her career to Michigan banking and the development of our industry's future bankers," stated T. Rann Paynter, MBA President and CEO. "Jeanne is a leader in the financial industry. She has been devoted exclusively to community banking and exemplifies the professional and leadership qualities set forth in the criteria for the nominees for the award. Her leadership was key while our industry served the people of Michigan during an unprecedented health crisis ensuring the financial needs of businesses and families were met."

Jeanne joined the bank 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. Jeanne 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. During her 9-year tenure as an examiner, she was also an instructor for the Conference of State Bank Supervisors (CSBS).

Jeanne has been involved in a variety of positions within the financial industry outside of Farmers State Bank demonstrating her commitment to community banking. She serves on the MBA Internal Audit Committee and was Chair of the MBA Compliance Committee. Richter served on the Board of Directors of the MBA Service Corporation from 2011-2014. She was elected to the Michigan Bankers Association Board of Directors in 2013 and was nominated to the MBA Executive Committee in 2017. Jeanne was elected Chairman of the Michigan Bankers Association for the 2019-2020 term and served with distinction in a year marred by a global pandemic bringing a sense of peace and control with a focus on solutions in the midst of so many unknown factors affecting her industry. Jeanne is currently the MBA Past Chair and serves on the MiBankPAC Board.

Richter served two one-year terms on the American Bankers Association Government Relations Committee Advisory Council and is in her third year of a three-year term on the American Bankers Association Community Bankers Council.  

Richter completed a three-year term on the DIFS Commissioner’s Bank Advisory Council (2012-2015). She was appointed by Governor Rick Snyder in 2011 to the Office of Regulatory Reinvention (ORR) Insurance and Finance Advisory Rules Committee, which was responsible for producing advisory recommendations to the ORR for changes to Michigan’s existing regulatory climate.

She has been active in Stockbridge Community Schools Homework Help, a program sponsored by Farmers State Bank of Munith to assist students after school hours with homework and learning.