Our Business Associates

Arlyn Steffenson

Arlyn Steffenson

Senior Vice President, Business Banking

Arlyn brings to his work more than 25 years' experience in business banking, including over 15 years at Monona State Bank. "I think our business bankers excel at focusing on each customer and providing tailor-made solutions instead of packaged services." Arlyn is co-chair of the Monona Chamber of Commerce Ambassadors.

Call Arlyn at (608) 223-5149 or e-mail him at: asteffenson@mononabank.com.

Michael Flynn

Michael Flynn

Vice President, Business Banking

Mike has over 17 years of experience in business banking and commercial lending and is a strong believer in Monona State Bank's community banking model. "The bank's associates, officers, and most of our shareholders, live in the communities our bank serves. We understand that for the bank to thrive, so must our clients and communities. That's why we take time to develop a continuing relationship with our clients, understanding their goals beyond just the transaction at hand." Mike is a director of the South Metropolitan Business Association and serves on the loan committee at Madison Development Corporation.

Call Mike at (608) 223-5148 or e-mail him at: mflynn@mononabank.com.

Ted Gunderson

Ted Gunderson

Vice President, Business Banking

Ted has more than 25 years of experience in commercial financial services, and has been with Monona State Bank since 2001. Ted has an expertise in commercial real estate lending and using the SBA 504 program. He is a small business owner and owns income property. He particularly enjoys volunteer endeavors, especially working with start-up enterprises, and feels that “it is truly satisfying to be able to help entrepreneurs make their plans become reality.” Ted is a member of the Monona Chamber of Commerce, served on the board of directors and was past treasurer of the Madison Area Community Land Trust and is the current president of the Monona TIP Club. He volunteers with and serves on the loan committee for the Wisconsin Women's Business Initiative Corporation (WWBIC). 

Call Ted at (608) 223-5159 or e-mail him at: tgunderson@mononabank.com.

Mark Kraemer

Mark Kraemer

Vice President, Business Banking

Mark has over 26 years of banking experience in business banking, commercial real estate and consumer lending. As a small business owner himself, Mark truly understands both the rewards and the challenges of owning and managing your own business. Mark currently serves as a board member for the Madison Council of St. Vincent de Paul and is a member of the Sauk Trails Optimist Club.

Mark can be reached at (608) 223-5155 or via e-mail at: mkraemer@mononabank.com.

Lisa Woerpel, AAP

Lisa Woerpel, AAP

Vice President, Business Services Manager

Lisa serves as Monona State Bank's Vice President and Business Services Manager. With more than 25 years in the banking industry, Lisa has spent the last 10 years focusing on the cash management needs of business, non-profit and municipal clients. Lisa was recently awarded the designation of Accredited ACH Professional (AAP) by the National ACH Association. "As your financial partner, I believe I have a responsibility to provide not only the best in products and services, but outstanding customer attention as well." Lisa is on the Board of Directors of the Canopy Center Healing and Family Support Services. 

You can contact Lisa at (608) 223-5140 or via email at: lwoerpel@mononabank.com.

Laura Peterson

Laura Peterson

Vice President, Business Banking

Laura joined Monona State Bank in 1996 and has been working in the banking industry for more than 25 years. Her experience includes business banking, commercial real estate, small business lending and consumer banking. Laura takes the time to understand her client's needs in order to recommend a unique banking package that best fits their business goals. She is proud to be a part of a community bank that encourages associates to volunteer in our communities. Laura is a member of the Cottage Grove Chamber of Commerce and the Optimist Club of Cottage Grove.

You can reach Laura at (608) 443-1980 or e-mail her at: lpeterson@mononabank.com.

Ryan Ackerman

Ryan Ackerman

Business Banker

Our newest business banker, Ryan Ackerman, is certainly not new to either Monona State Bank or our community. Ryan has worked with us for more than 12 years, most recently as a Credit Analyst. Ryan knows that his four years of experience reviewing business loan applications will allow him to work well with small business clients to ensure their loans are approved quickly. As a graduate of both LaFollette High School and Edgewood College, Ryan understands the local market as well as the issues facing small business owners in today's economy. Having recently completed Commercial Lending School through Wisconsin Bankers Association, Ryan has a firm grasp of the commercial lending climate.

You can reach Ryan at (608) 223-2186 or e-mail him at: rackerman@mononabank.com

Jeff Olson

Jeff Olson

Vice President, Business Banking
Branch Manager/Consumer Lending Manager

Jeff has over 25 years of experience in business and retail banking, as well as managing Monona State Bank’s consumer lending portfolio. Jeff works primarily with the small businesses in our communities. He is an active board member of the Monona Chamber of Commerce and volunteers with a variety of groups in Dane County. 

You can reach Jeff at (608) 223-5152 or e-mail him at: jolson@mononabank.com to discuss how Jeff can help your business grow.

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