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Lewis promoted to mortgage loan originator at Bank Midwest

Bank Midwest is proud to announce that Sara (Martinson) Lewis has been promoted to mortgage loan originator at the Spirit Lake location.

Born and raised in the Iowa Great Lakes area, Sara began her career with Bank Midwest in 2014 as the marketing coordinator. The relationships built during this time were the driving force behind her decision to enter into her role as mortgage loan originator. She passed rigorous training and development programs through the Iowa Mortgage Association and Xinnix Premier Mortgage Academy and looks forward to assisting customers through the mortgage process.

Saras values and ability to develop strong relationships set her apart in the mortgage loan business, said Keith Deitering, Senior Vice President and Community Bank President of the Lakes Region. Her contributions will continue to benefit our valued customers, Bank Midwest employee-owners and the community at large.

Sara and her husband, Todd are newly married and reside in Spirit Lake where Todd is the co-owner of a local business.

As banks cut costs, Delaware loses jobs

Banks have been reducing positions across the country. Staffing levels are down almost 50 percent since the financial meltdown of the late 2000s, according to a report by Citigroup. The same report predicts another 30 percent in staffing reductions will occur by 2025. 

Industry analysts say banks are facing increased pressure to cut expenses in the toughest economic environment since the recession. Although some insist the cuts are not about cost savings, but rather a decision to reinvest in regions with stronger growth potential. 

"It was not about downsizing," Matt Fields, a spokesman for Barclays, said. "We wanted to diversify geographically to be where our clients and customers are." 

Fields said Barclays is committed to Delaware and is looking to fill 200 positions in the First State. Barclays has about 1,500 workers in Delaware, including the employees who will soon be transferred. 

The cost savings generated by the relocations is undeniable. A worker in Wilmington earning an annual salary of $50,000 would need to make only $43,000 to maintain the same lifestyle in Cincinnati, according to the Council for Community and Economic Research. 

Poll: What is your mortgage payment and Insurance cost for your 2+ bedroom / 2 bath HOUSE and what region?

We live in Lawton Oklahoma and we have a 1600sqft 3 bedroom, 2 full bath house with an attached 2 car garage, large privacy fenced in yard and covered patio. Our mortgage payment is 644 a month, 80 for taxes and 80 for insurance for a total of 804 a month.