PRESS RELEASE

MOORE RETIRES FROM UNITED BANK OF IOWA BOARD OF DIRECTORS

Owen C. Bolte, President and Chief Executive Officer (CEO) of Ida Grove Bancshares, Inc. and Chairman of the Board of United Bank of Iowa, is announcing the retirement of long-time director Lance Moore effective April 18, 2025, after 19 years of service. Moore joined the board of United Bank of Iowa and Ida Grove Bancshares, Inc. in April 2006.

Bolte stated, “On behalf of United Bank of Iowa, I would like to express the utmost appreciation to Board Member Lance Moore on his retirement after 19 years of service to the Boards of United Bank of Iowa and Ida Grove Bancshares, Inc. Lance, who has been a great asset to the board, represented the Lipton family, one of our major stockholder families. With 33 years of previous experience as a Product Engineer for Eastman Kodak, Lance provided valuable insight and business expertise for decision making and understanding the business community. Lance's dedication and contributions to the success of our organization will be greatly missed. 

Moore commented, “I have sincerely enjoyed being a director at United Bank of Iowa for the past 19 years. The management team and staff are a top-notch, hard-working team that always have the customers’ best interests as their first priority. It has been very rewarding to be part of the growth and success of United Bank of Iowa, while navigating the challenges of banking in an ever-changing economy. I want to thank my fellow board members, employees, and customers for their continued loyalty and support. My father-in-law, Jim Lipton, Jr., and his father, Jas Lipton, Sr., who was one of the original founders of Ida County State Bank in 1932, would be very proud of the bank’s success and strong community connections.”

Lance, and his wife, Marcia, reside in Ida Grove and enjoy traveling to visit their children and grandchildren. Their daughter, Krista, lives in Reno, Nevada, and their son, Tim, and his wife, Melissa, along with their two children, Avery and Kennedy, live in Omaha, Nebraska.