State Banking Superintendent Is Retiring

Des Moines, Iowa — Greater northwest Iowan and State Banking Superintendent Jeff Plagge has retired.

There are only a dozen nationally-chartered banks operating in Iowa. The 230 state-chartered banks fall under the regulation of the State Banking Division.

Plagge, who lives in Arnolds Park, started out as an ag lender in his hometown of Latimer. He was chairman of Spencer’s Northwest Financial Corporation when Governor Reynolds appointed him state banking superintendent in September of 2019.

Plagge says that forced him to jump on a quick learning curve about that side of the agency. Governor Kim Reynolds has appointed a southwest Iowa banker to serve as the next State Superintendent of Banking. James Johnson of Gravity is currently the President and CEO of PCSB Bank, a family-owned community bank in Clarinda. He’s also on the Iowa Bankers Association’s board of directors. Johnson’s appointment must be confirmed by the Iowa Senate.