Community Business Lenders

Jim Bunn

SVP, Member Business Lending

Jim Bunn

Jim has been involved in the financial services industry and business for over 25 years.

Originally from Humboldt, Iowa, Jim attended the University of South Dakota and graduated with a BS in Business Administration with an emphasis in marketing.  From there Jim and his wife Lisa moved to Colorado Springs where Jim took a position as a branch manager position at a consumer finance company.  Also, during this time Jim obtained his MBA with an emphasis in finance from the University of Colorado, Colorado Springs, CO.

After graduating with his MBA, Jim took a position with a financial institution in Beresford, South Dakota.  During his tenure there Jim completed one of the first equity investments for a financial institution in a Section 42 Low Income Housing Tax Credit (LIHTC) partnership, utilized USDA and SBA government guaranteed programs and acted as an interim Chief Financial Officer.  Jim was also heavily involved in commercial lending. 

Due to the bank wanting to expand rapidly, Jim assisted in the acquisition and establishment of banks in South Dakota, Texas and New Mexico.  During this time Jim was named President of the Southwest Division for the bank and Board of Director.  Jim’s niche became identifying and pursuing opportunities for bank expansion while working with entities to provide them financing options and capital.

From that time, Jim continued to work in the banking industry continuing his focus and niche by  identifying opportunities for bank expansion, providing funding sources to entities and providing work-out solutions to businesses who needed assistance.  This included being a key part in growing a multi-bank holding company from $165 million to approximately $1 billion in gross assets within a 5 year period, as well as, helping establish and overseeing 40 plus banks located throughout the United States.  Jim was a Shareholder, Board of Director and Executive Vice President.

After Jim’s time in the financial industry he decided to try “the customer side of financial institutions”.  This included providing services to assist an entity in obtaining capital to help work-out of an issue with the IRS, provide working capital to a business to expand, assist in placing a historic tax credit project, work as a general manager at a buy-here, pay here auto dealership, help a start-up company obtain working capital and doing preliminary work on establishing a fund to purchase selected financial institution owned assets. 

All of these experiences have given Jim the very unique experience and perspective to understand how financial institutions and businesses think, how they interact with one another and the concerns they have.

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