Richard E.

Magnuson Home Phone: (712) 541-3218

516 Buckwalter Dr. E-mail: rmd216e6@westpost.net
Sioux City, Iowa 51104-1133
________________________________________
Education
* Attended Stephen Covey 8 week course - "The Seven Habits of Highly Effective P
eople"
* Western Iowa Tech Community College, Spanish, 1999-2000
* Attended RMA Loan Review Round Table, December 1991
* Attended several compliance seminars, insurance and marketing seminars, sponso
red by ABA, IBA and Banker's Systems from 1988-1999
* Attended several Freddie Mac and Fannie Mae Seminars including underwriting, s
ervicing, and sales from 1988-1999
* Holder of Personal Lines Insurance License, State of Iowa, April 1988
* Attended various Loan Documentation and UCC Seminars, Real Estate Finance Semi
nars (Secondary Market Loans), and Reg Z and Reg B Seminars sponsored by IBA
* Completed RMA Omega 10 week course on Commercial Loans to Business, December 1
986
* Holder of Life, Credit Life, Accident and Health Insurance License, State of I
owa, December 1985
* Course 101, Society of Real Estate Appraisers, Purdue University, Lafayette, I
ndiana. Passed. February 1979
* Savings and Loan Institute of Financial Education, Omaha-Council Bluffs Chapte
r #10, received 33 credits, August 1978 - August 1979
* BS in Business Management from Wayne State College, Wayne, Nebraska, GPA 3.01
* Wakefield Community High School, Wakefield, Nebraska, May 1972
Work Experience
Monyman Enterprises, Inc., Sioux City, Iowa
President/Owner
March 2001 to Present
Duties include total management and ownership of a certified government contract
or specializing in military hardware. Responsible for procurement of all contra
cts, all spec underwriting, procurement of parts, and collection of receivables.
Fully familiar with WAWF (Wide Area Work Flow), CCR (Central Contractor Regist
ry), DD250 (invoicing), RFID (Radio Frequency ID Tags), and DIBBS (Defense Bid B
oard System). Able to work through the documentation required to submit contrac
ts and invoicing through DLA (Defense Logistics Agency) and the Department of De
fense. Responsible for all accounting and tax issues as well as keeping a full
set of Quick Books including P & L and balance sheet entries.

Plymouth Oil Company, LLC, Merrill, Iowa

Chief Executive Officer/Chief Financial Officer
March 2010 to present
Duties included bringing a solvent oilseed extraction plant on line and processi
ng up to 200 ton of corn germ per day production level. This particular plant e
xtracts food grade corn oil from fractionated dry corn germ. Charged with raisi
ng funds for startup and for maintaining shareholder value. Responsible for ori
ginating all financial information including budget projections, daily accountin
g results, prepared monthly profit and loss/balance sheet numbers, completed all
financial modeling as well as originating and updating the business plan, and m
anaged and communicated results to potential shareholders and investors. Engage
d in monitoring all accounts receivable and managed the accounts payable functio
n. Kept operating expenses (crush margin) below that of other solvent oilseed e
xtraction plants even though the plant was in the startup phase. Worked in the
shipping and receiving areas of the plant on a frequent basis and handled the lo
gistics function as well. Fully familiar with the procurement of raw materials
as well as the inventory of same. Was in control of the marketing functions of
the feed mill and the negotiation of product sales of oil and meal production.
The feed sales customer base was built through my contacts in the dairy and hog
industry. Was responsible for the oversight of the plant production schedules a
nd all plant personnel.

Big Deal Auto, Sioux City, Iowa

Finance Manager
June 2009 to March 2010
Duties include handling all financing for dealer paper contracts and all the doc
umentation associated with fulfilling the banks' requirements on meeting their u
nderwriting guidelines. Work the sales floor as well and handle all documentati
on for all sales including title work for vehicles sold in five different States
. Responsible for pursuing bank financing for buy/here pay/here dealer paper.
Negotiate all financing arrangements for the servicing and selling of dealer pap
er contracts to financial institutions. Responsible for all collections in conn
ection with the performance of dealer paper contract payments.

American Bank, NA, Le Mars, Iowa

President/Trust Officer
December 1996 to June 2009
Duties include total management of all bank functions. Responsible for all mark
eting goals, growth opportunities, profitability, asset quality, supervision of
all department heads, strategic planning and budgeting. Was responsible for all
accounting functions, audit work papers, and tax issues in regards to the bank'
s budget and earnings. Charged with moving the bank charter and growing bank in
a new market area. As of
December 1996, bank assets were $42 million, 70% deposit ratio, with a .50% ROA
and 8% ROE. The bank had $220 million in assets, earning 1.5% ROA, 16% ROE, and
109% loan to deposit ratio upon my departure. Member of Board of Directors, Loan
Committee, Marketing Committee, Asset Liability Committee, Compliance Committee
and Trust Committee. At Bank Holding Company Level - Executive Loan Committee
Member.

American State Bank, Sioux Center, Iowa

Executive Vice President/Compliance Officer
February 1987 - December 1996
Duties included establishing and managing the Loan Review Department to monitor
all loan documentation, credit quality, loan losses, and all legal compliance wi
th consumer protection laws (i.e.: Reg Z, Reg B, CRA, Reg CC, etc). Supervised
all lending functions and branch operations in a $225 million bank. Responsible
for keeping abreast of all new loan procedures and forms and insuring that prop
er guidance is given on implementing loan policy. Provide support, analysis, an
d counsel on all complex loan arrangements, including working directly with prob
lem and work out loans. Fully responsible for maintaining Watch List, Loan Loss
Reserve, reducing classified assets and delinquency and assigning risk ratings
on all loans. Work on special projects as assigned by President, including new
product development, insurance department problems and products, overhead and co
st benefit analysis, bank acquisitions, and investments. Audited all general led
ger accounts for accuracy and was responsible for all taxable issues in regard t
o the bank's earnings. Implemented first computerized Watch List, cash flow and
RMA trend sheet. Automated all loan documents on a Microsoft Windows Network La
zer System. Handled all computer network administration for the bank. Establish
ed procedures for all conforming real estate and consumer loans to be sold on se
condary market. Managed holding company insurance agency as well as the bank in
President's absence. Trained all personnel assigned to the Loan Department. M
ember of Board of Directors, Marketing Committee, Head of Loan Committee and Com
pliance Committee, and Member of Asset Liability Committee.
Community National Bank & Trust Co., (Brenton Banks, Inc.), Knoxville, Iowa
Vice President/Ag & Commercial Loans
November 1984 - February 1987
Duties include taking loan applications and underwriting them through spreadshee
t analysis, responsible for all business development, handled problem credits on
a work out basis, fully familiar with bankruptcy laws, liquidation procedures,
debt restructuring, FmHA programs, established ALP status w/FmHA, completed farm
field appraisals, lien searches, and title reports, fully familiar with SBA pro
cedures, business inventory analysis, changes in financial position, accounts re
ceivable, and profit and loss information. Served as compliance officer of the
bank and had varied duties with installment credit, disbursements and collection
s thereof. Was responsible for originating, documenting, underwriting, and clos
ing fixed rate residential mortgages for sale on the secondary market through Br
enton Mortgage Co. Served as a loan review officer for five (5) Brenton Holding
Company banks.

Columbus Production Credit Association, Osceola, Iowa

Branch Manager/Loan Officer
October 1981 - November 1984
Duties included total management and supervision of all operations at the branch
level, taking loan applications and underwriting them, all business development
, serving all members at branch level in all facets of Ag finance, handling loan
disbursements and collections of the branch, doing farm field inspections, incl
uding machinery and livestock appraisals, handling chattel mortgage filings, and
checking chattel and title abstract reports from courthouse records.

IBM Mid America Employees Federal Credit Union, Omaha, Nebraska

Branch Manager/Loan Officer
August 1979 - September 1981
Duties included total management and supervision of all operations in the branch
level, taking loan applications and underwriting them, servicing all members at
the branch level in all facets of consumer finance, handling all loan disbursem
ents and collections of the branch.
Nebraska Savings and Loan Association, FA, Elkhorn, Nebraska
Assistant Manager/Loan Officer
August 1978 - August 1979
Duties included taking applications, underwriting loans, closing loans, servicin
g mortgage loans, appraisals of residential properties, teller work, supervising
all branch functions, handling loan disbursements and collections at the branch
level.
State National Bank and Trust Co., Wayne, Nebraska
Loan Officer/Trainee
February 1976 - August 1978
Duties include working with Ag customers in all facets of servicing and loan doc
umentation, doing farm field inspections, handling chattel and mortgage filings,
working with the collections of installment debt, porting notes, making entries
to the bond portfolio, reconciling accounts, making credit ratings, teller work
, telephone inquiries, and accrual accounting for notes.
United States Air Force
Sergeant
August 1972 - December 1975
Crew Chief responsible for all aircraft assigned as a jet aircraft mechanic over
two engines. Stationed in Ellsworth Air Force Base, Rapid City, South Dakota,
Travis Air Force Base, Sacramento, California, and Hickman Air Force Base, Honol
ulu, Hawaii.

Leadership Positions
* Past President - Le Mars Area Chamber of Commerce, Ag Committee Vice President
, (6) years
* Member of Le Mars Business Initiative Corp
* Trustee, Northwest Rural Electric Cooperative, Loan Committee
* Finance Committee Member of Iowa Cattleman's Association
* Board Member of the IBA Compliance School, (3) years
* Board Member of the Siouxland Group of Robert Morris & Associates, (3) years
* Member of the American Legion, served as Post Adjutant
* Member of Lions Club International, served as Treasurer, Secretary, and Fund R
aising Chairman, currently Treasurer, Le Mars Lions Club
* Member of St. John's Lutheran Church, Le Mars, Iowa
* Member of various Chamber of Commerce's, served as Membership Chairman, Secret
ary, and Treasurer
* Past member, Kiwanis Club International
* Past member, Optimist International, served as Vice President
* Member Delta Sigma Pi (Professional Business Fraternity)
Awards Received
"Citizen of the Year", 2004, recipient of annual Le Mars Area Chamber of Commerc
e award
"Sam Walton Business Leader Award", 1999, recipient for recognition of service t
o customers, commitment for excellence, and respect for the individual
"Lender of the Year", 1998, Siouxland Economic Development Corporation, creative
use of SBA 504 loan program
Personal Data
Unmarried, 3 children, Excellent health, Date of Birth - 4/27/54, SS#, Height -
5'11", Weight - 195 lbs. Enjoy bowling, fishing, and snow skiing.
References
Neal Adler, Executive Director Brian Berkenpas
Le Mars Area Chamber of Commerce 2570 Highway 20
50 Central Ave SE Lawton, Iowa 51030
Le Mars, Iowa 51031 (712) 490-3332
(712) 546-8821
William D. Gardner, President Joe Arens
R & R Industries, Inc., Ltd. Arens Trucking
17416 Talbot Rd. 325 East Nothem
Sioux City, Iowa 51109 Remsen, Iowa 51050
(712) 252-3659 (712) 786-1178