Chief Deposit Officer - Sidney Federal Savings & Loan

Chief Deposit Officer - Sidney Federal Savings & Loan

Chief Deposit Officer (CDO) - Reports to President

The Chief Deposit Officer (CDO) is responsible for developing and executing the Bank's enterprise-wide deposit strategy to support long‑term profitability, liquidity, and franchise value. The CDO leads all aspects of deposit gathering, pricing, product development, treasury and specialty deposit initiatives, relationship management, and deposit marketing while ensuring compliance with all applicable banking laws and regulations.

This position serves as both a strategic executive and a hands‑on business leader. The CDO is responsible for building a diversified, stable, and profitable funding base by growing traditional core deposits while developing specialized deposit verticals that complement the Bank's business strategy.

The position works closely with executive management, lending, operations, finance, compliance, marketing, and branch management to ensure deposit growth supports liquidity, interest rate risk, and earnings objectives.

• Develop and execute a comprehensive deposit growth strategy
• Establish annual and multi-year deposit growth objectives
• Diversify funding sources while maintaining an emphasis on stable relationship deposits
• Evaluate changing market conditions, competitor pricing, customer behavior, and trends
• Recommend strategic initiatives to improve franchise value through deposit growth
• Present regular deposit strategy updates to executive management and the Board

Develop and manage acquisition, boarding and ongoing management strategies for:

• Consumer checking and savings
• Money Market accounts
• Certificates of Deposit
• On-line Savings Accounts
• Business checking and savings
• Small business operating accounts
• Individual Retirement Accounts
• Non‑profit relationships
• Increasing low‑cost accounts
• Growing relationship balances
• Expanding household penetration

Develop products and oversee operational, legal, risk/fraud program for escrow deposits targeting:
Law firms;
Investment bankers; M&A advisors;
Private equity firms

• High‑yield online savings and certificate of deposit accounts
• Digital marketing campaigns
• National deposit acquisition and fraud prevention
• Customer onboarding optimization
• Deposit retention analytics

Develop relationships with and manage compliance and service to:

• Cities
• Counties
• Public utility districts
• State agencies (where applicable)

Evaluate opportunities including:

• Healthcare organizations
• Affordable housing escrow accounts
• Attorney trust accounts (IOLTA)
• Title company escrow accounts
• Non‑profit organizations
• Faith‑based organizations
• Bankruptcy trustee deposits
• Court registry deposits
• Insurance company fiduciary deposits
• Recommending rate changes
• Supporting ALCO recommendations
• Profitability analysis

Partner with Chief Financial Officer and Board ALCO to:

• Improve funding stability
• Implement wholesale funding
• Improve liquidity metrics

Develop new and evaluate existing products for profitability, operational feasibility, regulatory compliance, and strategic fit, including:

• Relationship pricing
• Premium savings
• Promotional CDs
• Digital products
• Treasury products
• Cash management services

Develop treasury management services including:

• ACH Origination
• Remote Deposit Capture
• Positive Pay
• Lockbox (referral)
• Cash Management
• Business Online Banking enhancements

Develop a sales culture across all offices by:

• Coaching branch personnel
• Developing referral programs
• Improving customer experience
• Creating incentive recommendations

Develop Marketing for:

• Deposit campaigns
• Digital marketing
• Community outreach

Travel regularly between Sidney, Nebraska and Indianapolis, Indiana, and other markets necessary to support business development and manage significant relationships including:

• Escrow clients
• Attorneys
• CPA firms
• Wealth advisors
• Community organizations
• Economic development groups
• Chambers of Commerce

Bachelor's degree in business or economics and/or Graduate School of Banking, or equivalent executive banking education preferred

• Minimum 10 years of progressive banking experience
• Minimum 5 years of executive or senior leadership experience in deposits, treasury management, retail banking, or commercial banking
• Demonstrated success in growing deposits and managing funding strategies
• Specialty deposit and treasury management experience preferred
• Experience presenting to boards of directors and executive committees