Senior Management

The bank's senior leaders are responsible for leading the business, operations, credit, finance, people and legal areas of the bank. Their key responsibilities are to work with the Board of Directors to set the organization's strategic direction and to ensure that we have the resources we need to move forward.


Paul Mackin – President & CEO

Paul is president and CEO of Think Mutual Bank, a position he has held since 2008. His professional career includes 34 years in financial services in a number of managerial and executive capacities. Before joining Think in 2002, Paul spent 19 years in commercial banking. He currently serves as a member of the ICBA's Federal Delegate Board and as chair of its Consumer Financial Services committee, is a member of the ABA's Mutual Institutions Council, the Ronald McDonald House Board of Trustees and the Center City Housing's Board of Directors. Paul has served on the bank's Board of Directors since 2012.


Chad Murray – SVP / Marketing

Chad has been with Think since 2010 and has over 20 years banking experience. He is responsible for developing the bank's marketing, advertising, and communication strategies as well as leading the marketing staff.


Cheryl Schaefer – SVP / Chief Operating Officer

Cheryl has 40 years of experience in financial services, 35 of those with Think Mutual Bank. As Chief Operating Officer, Cheryl oversees bank operations, technology services, business systems and our electronic banking services.


Dan Beck – SVP / Chief Financial Officer

Dan is a CPA with more than 35 years of experience in public accounting, financial services, manufacturing and retail. Joining Think in 2005, Dan oversees all bank accounting practices, including accounting, finance, budgeting, financial reports, tax, audit functions and technology security.


Jenny Hosfeld – SVP / Community Banking

Jenny has more than 20 years of banking experience and has been with Think since 2006. Jenny is responsible for overseeing the bank's consumer and small business banking areas in both Rochester and the Twin Cities.


John Caldwell – SVP / Chief Credit Officer

John has more than 20 years of experience in consumer and commercial credit and has been with Think since June 2016. He oversees the bank's credit administration, including policy development and risk management, and underwriting departments.


Kari Jo Pugh – Chief of Staff

Kari Jo came to Think in 1999 and is responsible for supporting the bank's Board of Directors, President/CEO and senior leaders. She facilitates and coordinates the work of the senior management team including the strategic planning process.


Larry Guse – SVP / Chief People Officer

Larry joined Think in 1999 and has more than 25 years of experience in financial services. Larry's responsibilities include leading our Employee Services and Facilities Management teams, developing organizational talent, overseeing our succession and leadership strategies, and cultivating a constructive and supportive corporate culture.


Mike Snyder – SVP / Financial Services

Mike has over 20 years of banking experience, 15 of those with Think Mutual Bank. Mike oversees our mortgage, insurance and financial planning business lines, managing the delivery of those products and services that will help meet the financial needs of our customers.


Steve Spohn – SVP / General Counsel

Steve is a member of the Minnesota Bar Association with more than 30 years of experience as a private attorney and former owner of a local title company. He has served as legal counsel for Think Mutual Bank for the last 15 years. He is also responsible for overseeing bank compliance and contract administration.

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Member FDIC - NMLSR ID 440195

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Think Mutual Bank

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Insurance products are offered through Think Insurance (MN license # IA-538), not Think Mutual Bank. Insurance products are not FDIC insured, are not insured by any federal agency, and are not a deposit or guarantee of Think Mutual Bank. This is not a policy. For a complete statement of coverages and exclusions, please see the policy contract.

The Investment Professionals of Think Financial Planning are Registered Representatives and Investment Adviser Representatives with/and offer Securities and Advisory Services through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered by CES Insurance Agency. Investments are not FDIC insured, not bank guaranteed, not insured by any federal agency and may lose value. Check the background of this firm on FINRA's BrokerCheck. Think Financial Planning is headquartered at 5200 Members Pkwy NW, Rochester, MN 55901.

This information is provided for new customers who live or work in Minnesota, and for existing customers residing in the states of AR, AZ, CA, CO, FL, GA, IL, IN, IA, KS, KY, MA, MD, MI, MN, MO, MT, NE, NM, NV, NY, ND, NC, OH, PA, SD, TN, TX, UT, VA, WA, WI, WY. No offers may be made or accepted from any resident outside of these states due to various state regulations and registration requirements regarding investment products and services.