Maxwell State Bank (MSB), a pillar of community banking since 1943, proudly announces the appointment of Brad Hanson as President and Chief Executive Officer. Hanson, a proven leader in the financial industry, will spearhead MSB's transformative roadmap, focusing on strategy, corporate finance, and sustainable scalability while upholding the bank's commitment to compliance, community, and innovation.
Hanson brings an unparalleled track record, having previously served as President and CEO of Pathward Financial, Inc. (MetaBank), where he scaled the institution to $7.5 billion in assets. His extensive board experience includes MoneyLion (until its sale to Gen Digital, Inc. in May 2025), Cashless, Inc., Source, Inc., Neighborli, Inc., and Bankaool in Mexico, where he is the largest shareholder. Hanson's expertise in neobank innovation and community-focused banking positions him to lead MSB into a new era of growth, redefining community banking for both local “Bedrock” communities in Maxwell, Iowa, and the ideological “Digital Elite” who share MSB's core values of security, privacy, individual freedom, community, and innovation.
Executive Chairman Ronald Ingram shared his vision for Maxwell State Bank's future under Hanson's leadership:
“Maxwell State Bank embodies the resilient, decentralized spirit of American community banking-a system that fueled innovation and industrialization by empowering individuals and families, farmers, American innovators, and businesses large and small. Our 'Think Global, Act Local' philosophy is rooted in the belief that individual sovereignty, strong communities, and private property rights are the bedrock of a prosperous nation. Maxwell is a small community with a massive idea: big hearts and bold visions always triumph over giants. Brad Hanson is the leader to make these dreams tangible, building on his proven success-one step, one customer, one product at a time. With a team of Davids, he will take on the Goliaths of today, creating a legacy of health, wealth, and innovation. This is Maxwellian thinking.”
Hanson, known for his pragmatic and disciplined approach, emphasized MSB's commitment to stability and longevity:
“We need to walk before we run. At Maxwell State Bank, our principle of 'Capital Before Growth' ensures this 75-year-old institution thrives for another 75 years. Our strategic plan is simple yet robust: first, achieve full compliance within the CAMEL framework; second, build capital through practical, profitable, full-service banking, lending, and savings; third, maintain an unwavering focus on community; and fourth, pursue innovation that aligns with our proprietary Ingram Evaluation Matrix (IEM) risk management model. By balancing ambition with discipline, we will deliver value to our customers, investors, and regulators alike.”
Under Hanson's leadership, MSB will execute its three-pillar revenue strategy:
— MaxCommunity: High-touch, full-service banking in Maxwell, Ankeny, Ames, and Des Moines, with specialized expertise in SBA and agricultural lending.
— MaxMobile: A mobile-first platform with military-grade security, offering big-bank features like SWIFT wires and digital asset capabilities for both local and Digital Elite customers.
— MaxMerchants: Secure merchant processing, starting in Maxwell with $9 billion in committed letters of intent, leveraging the Maxwell Badge for brand trust.
MSB's funding strategy, backed by a $20 million capital raise, will fortify its balance sheet with government and AAA-rated investment-grade bonds, ensuring stability and investor confidence. The bank's proprietary Ingram Evaluation Matrix (IEM) dynamically assesses strategic fit, feasibility, financial impact, and risk, enabling MSB to navigate opportunities while maintaining the lowest default rates and high risk-adjusted returns.
As MSB evolves from a local institution into a dynamic, community-focused neobank, Hanson's leadership will ensure compliance with regulatory standards, including Consent Order remediation and satisfactory CAMEL ratings, while driving sustainable profits and fostering a culture of innovation. With a seasoned leadership team soon to be announced MSB is poised to deliver outsized returns for investors while serving as a trusted partner for its communities.
About Maxwell State Bank
Founded in 1943, Maxwell State Bank is a community-focused institution serving Maxwell, Iowa, and contiguous geographic and ideological communities. With a mission to redefine community banking, MSB combines high-touch service with cutting-edge technology, guided by its core values of security, privacy, individual freedom, community, and innovation. Learn more at [maxwellstate.com](https://maxwellstate.com).
Media Contact
Maxwell State Bank
Communications Department
Email: 397272@email4pr.com
Phone: (515) 387-1943
Investor Inquiries
For more information on MSB's capital raise, please contact the corporate finance team at investors@maxwellstate.com.
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