Florida Banking April/May 2025

Lafayette State Bank’s Leadership Team often meets at the home of Board Member Mike Shaw. Left to right: Gloria Arroyo, Todd Battle, Jessica Lambert, David Claussen and Jacey Gresham.

Information Security Officer Gloria Arroyo said. “Strategically, we’re focused on leveraging technology to enhance our offerings and improve convenience for our customers. “Above all,” Arroyo added, “we’re committed to continuing our cultural journey, ensuring our team remains strong and adaptable as we grow.” In today’s rapidly changing financial landscape, Claussen said, several challenges help the bank’s leaders and staff remain focused. “Economic uncertainty, regulatory compliance and evolving customer expectations are always on our radar,” Claussen said. “Balancing the need for technological innovation with our commitment to personalized service is an ongoing challenge. But with our strong team and shared vision, we’re confident in our ability to navigate these issues while staying true to our values.”

Lafayette State Bank, Continued from page 8

events, the bank’s impact is woven into the fabric of our community,” How does Lafayette State Bank attract and recruit talent within their small area communities? By showcasing their unique culture and commitment to growth. The bank’s recruitment process emphasizes alignment with its core values, offering collaboration within a team. The bank also invests in professional development opportunities, creating a learning-focused organization where staff members feel valued and supported. New hires quickly see the bank is a place where they can learn, contribute and thrive. “Our primary goals are growth and fostering deeper customer relationships. We aim to expand our reach in the community while maintaining the personalized service that sets us apart,” Chief Retail Officer and

DAVID P. CLAUSSEN, PRESIDENT & CEO

David P. Claussen, President, CEO and Senior Lending Officer of Lafayette State Bank, is a third-generation seasoned banking executive with over 44 years of experience leading financial institutions through diverse economic cycles. Known for his expertise in turning around underperforming banks, Claussen has consistently delivered exceptional shareholder value and operational excellence. His ability to cultivate transformative cultures, mitigate risk effectively and ensure rigorous regulatory compliance distinguishes him as a leader in the banking industry. After earning a bachelor of science in business administration degree from Drake University in 1979, Claussen’s career included leadership roles at three banks in Iowa and at Drummond Community Bank. At Drummond, he oversaw de novo branch

expansions, developed innovative pricing models and helped achieve record earnings growth. Claussen exemplifies servant leadership, emphasizing community engagement and teamwork. He has served as a volunteer federal income-tax preparer, as President and Treasurer of the Rotary Club of Chiefland, and as an advocate for community development. His commitment to trust, integrity and excellence continues to guide his work at Lafayette State Bank, where he is focused on scaling the bank by safely growing its profitability while mentoring its future leaders.

10 — FLORIDA BANKING THE VOICE OF FLORIDA BANKING