ELKTON BankStar Financial recently announced a leadership transition as long-time president and CEO Chuck Hegerfeld prepares for retirement. Don Greiner will step into the role in 2026.
Its been an honor to serve our customers and communities over these many years, Hegerfeld said. I am confident Don will continue our legacy of good work, strong partnerships, and community involvement.
Originally from Wilmot, Greiner attended South Dakota State University and has called the Brookings area home for two decades. He has held a variety of banking positions including ag lender, retail branch manager, business banker and business banking manager. In July, Greiner was among 175 students honored during a graduation ceremony of the prestigious Graduate School of Banking at Colorado, which prepares banking leaders for the demands of the modern community bank landscape.
I am honored to lead BankStar into its next chapter, Greiner said. Our commitment to community banking remains strong and I look forward to building on the foundation laid by Chuck Hegerfeld and the exceptional BankStar team, past and present.
Founded in Elkton in 1926 as the Corn Exchange Bank, BankStar Financial has grown steadily over the decades. The bank rebranded in 2001 and expanded into Brookings in 2002, followed by the acquisition of First National Bank of Volga in 2013. BankStar will celebrate its centennial in 2026.
BankStars leadership transition will officially occur Feb. 1, 2026. Greiner will lead the organization as president and CEO and Hegerfeld will serve as an executive vice president.
Greiner lives on an acreage south of Brookings with his wife and three children, who attend Sioux Valley schools. He values small-town life and giving back to the community.
Leave a Reply