Congratulations to Pete Verhey, Past President of Marion County Bank, who was awarded with a Pella Chamber Hall of Fame Excellence Award at the Pella Chamber of Commerce breakfast on Friday, February 28! Well done, Pete. We are proud of you!
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 that are donated to those in need across the globe.
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, Pella Chamber, Pella Community Foundation Board and Hawkeye Cadet Council. Pete was the finance coordinator for the Pella Christian High School new campus building project, served on the fundraising committee for the Comfort House and has still found energy to be a youth group leader at Calvary CRC for over 20 years.
Pella Chamber Vice President, Cyndi Atkins and Pella Chamber Past President, Trevor Castle are shown presenting Pete Verhey with his award (middle).