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President, CEO of Great Western Bank to retire

The president and chief executive officer of Great Western Bank has announced he'll step down after the new year.

A news release from the Sioux Falls-based bank says Jeff Erickson plans to retire on Jan. 2. He's been head of the bank since July 1995.

Ken Karels will take over Erickson's role. Karels joined Great Western in February 2002. Before that, he was CEO of the Marquette Banking Group.

According to the release, Great Western Bank owns approximately $8.5 billion in assets in 193 locations across Arizona, Colorado, Iowa, Kansas, Missouri, Nebraska, and South Dakota.

Great Western Bank's parent company is National Australia Bank Limited.



Great Western Bank: