Branstad announces Schipper’s retirement from Banking Division

jschipperFrom Press Release


Iowa Gov. Terry Branstad today announced the retirement of Iowa Division of Banking superintendent James (Jim) M. Schipper. Schipper notified the governor of his intention to retire on Friday, June 5, 2015. He plans to serve as superintendent until October 8, 2015. He has served as superintendent since January 2011.

“I wish to thank Jim for his service to the state and the Iowa Division of Banking,” said Branstad. “Jim has had a long, successful career in the banking industry and I wish him all the best in retirement.”

Iowa Lt. Gov. Kim Reynolds said, “I got to know Jim from his community involvement in Osceola. I always appreciated his commitment to the community and passion to see his customers succeed. We are grateful for Jim’s service and congratulate him on a distinguished career in banking.”

In his retirement letter, Schipper said, “I am extremely proud to have served in your administration the past 4 ½ years. I am also very proud of the work being performed by the many talented and dedicated employees of the Division of Banking. The Iowa banking industry is strong and growing stronger. My 43 years of involvement in the industry as an executive officer, owner, association leader, and now, thanks to you, as superintendent, has provided me a fulfilling and satisfying career.”

Schipper was born and raised in Butler County and graduated from Aplington High School. He obtained his B.S. Degree in Ag Economics from Iowa State University in 1972 and is a graduate of the ABA Ag Bank Management School. He has been an Iowa community banker for more than 40 years, including his current role as Chairman of American State Bank in Osceola.

Jim has been active in the Iowa Bankers Association for the past 20 years where he served as a Board member, as Treasurer, and in 2008 as Chairman. He has also been active in the American Bankers Association as a member of the ABA Community Bankers Council and as a member of the ABA Government Relations Council. He served on the board of both Community Bankers of Iowa and Shazam, Inc.

Branstad will announce a new superintendent at a later time.