Andy Ludeking takes helm as Cresco Bank & Trust Market President

CRESCO — Cresco Bank & Trust, a division of Decorah Bank & Trust, has named longtime lender and community leader Andy Ludeking as its new Cresco Market President, building on a 15-year tenure with the bank and more than two decades in community banking.

   “We’re thrilled to get Andy started leading the team in Cresco. His vision, expertise and commitment will ensure a seamless transition as he builds on the strong foundation laid by Donna Thomas,” said Decorah Bank & Trust CEO, Ben Grimstad. “With over two decades of banking experience, a proven track record of advocating for both customers and his team and having lived most of his life in the area, Andy is uniquely positioned to successfully lead our Cresco team into the future.”

   Ludeking, who joined Decorah/Cresco Bank & Trust in 2011 after beginning his career at FMSB in Waukon/Decorah, has served as Ag & Business Banker, Chief Credit Officer and most recently Chief Lending Officer. He will continue to oversee the organization’s lending function while leading the Cresco market.

   In an interview, Ludeking said the opportunity to serve in his hometown motivated him to pursue the role. “Getting the opportunity to lead a team in the community where you grew up, with the ultimate goal of making a difference is not only humbling, but also exciting. To me, it’s about helping others – serving our customers, seeing the team grow and thrive, and the same goes for our community.”

   When asked about his leadership approach, he described it as being grounded in fundamentals. “Listening, leadership, and being open-minded come to mind. Every business, farm, and customer is different. Taking the things I've learned and figuring out how to apply them in different situations is important; that combined with communication and transparency typically leads to positive outcomes for all.”

   Ludeking said the bank’s core identity will remain steady. “Our values, our culture and long-term vision for the bank will remain the same. Our team will care about each other, the community, and the work we do.” He added that his long-term goal is clear: “Our goal is for Decorah/Cresco Bank to remain an independent, locally owned bank that plays a vital role in the communities in which we serve.”

   Asked about the bank’s greatest strength and most urgent challenge, Ludeking was clear: “Greatest strength – our team and culture” and “Urgent challenge – cybersecurity & fraud – The bank must continue to evolve to ensure we keep data safe and consumers informed about potential risks.”

   For Ludeking’s new position early strategic priorities will center on growth and education. “We’re committed to driving the growth of the bank. Growth not only strengthens our ability to serve more clients but also enables us to reinvest in the communities we’re proud to be part of — whether that’s through local initiatives, lending programs, or other impactful investments.”