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Coming to a close – Shadle retires after 44 years

By Staff | Jan 10, 2008

ESTHERVILLE–In 1964 when George Shadle first came to work for Iowa Trust and Savings, now the Bank of America in Estherville, a Sharp calculator cost $1,100.

A calculator that does pretty much the same thing now costs about $4.95.

Throughout the past 44 years, Shadle saw many changes, from electronic banking to regulations. So when he retired from full-time employment with Northstar Bank and Insurance Agency at the end of last year, there was a lot to reflect upon.

Northstar staff hosted a farewell for Shadle Tuesday. It was just one more chapter though in the career of a man who has had a hand in the many changes that Estherville has had over the past four decades.

After working in the banking industry for nearly 20 years, Shadle became a partner in the McFadden, Lund and Shadle Agency which was sold to Northstar in 1997.

In addition to working in the Northstar Insurance Agency, Shadle was Northstar chief financial officer in charge of credit review.

Shadle said Iowa Lakes Community College has helped bring about the biggest changes he has seen in Estherville with “the many attributes it’s brought to the community,” Shadle said. He served on the Iowa Lakes Community College Board of Trustees for 20 years.

Electronic banking and government regulations on disclosures and other factors have greatly affected the banking industry, Shadle said.

As the member of the Estherville Strategic Planning Committee, Shadle said he would like to see Estherville continue to grow in population and improve its visual attractiveness. He’s particularly optimistic about the current improvements in the school facilities.

Don’t feel too sorry for him, though, because Shadle is going to hang around a while yet as a part-time auditor and continue to serve on the board of directors.

“I’m going to be able to keep my finger on the pulse of the bank,” Shadle said.

Contact Michael Tidemann at (712) 362-2622 or mtidemann@esthervilledailynews.com and visit our photo sharing Web site at cu.esthervilledailynews.com