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Richard E. Magnuson Home Phone: (712) 541-3218 516 Buckwalter Dr. E-mail: rmd216e6@westpost.

net Sioux City, Iowa 51104-1133 ________________________________________ Education * Attended Stephen Covey 8 week course - "The Seven Habits of Highly Effective P eople" * Western Iowa Tech Community College, Spanish, 1999-2000 * Attended RMA Loan Review Round Table, December 1991 * Attended several compliance seminars, insurance and marketing seminars, sponso red by ABA, IBA and Banker's Systems from 1988-1999 * Attended several Freddie Mac and Fannie Mae Seminars including underwriting, s ervicing, and sales from 1988-1999 * Holder of Personal Lines Insurance License, State of Iowa, April 1988 * Attended various Loan Documentation and UCC Seminars, Real Estate Finance Semi nars (Secondary Market Loans), and Reg Z and Reg B Seminars sponsored by IBA * Completed RMA Omega 10 week course on Commercial Loans to Business, December 1 986 * Holder of Life, Credit Life, Accident and Health Insurance License, State of I owa, December 1985 * Course 101, Society of Real Estate Appraisers, Purdue University, Lafayette, I ndiana. Passed. February 1979 * Savings and Loan Institute of Financial Education, Omaha-Council Bluffs Chapte r #10, received 33 credits, August 1978 - August 1979 * BS in Business Management from Wayne State College, Wayne, Nebraska, GPA 3.01 * Wakefield Community High School, Wakefield, Nebraska, May 1972 Work Experience Monyman Enterprises, Inc., Sioux City, Iowa President/Owner March 2001 to Present Duties include total management and ownership of a certified government contract or specializing in military hardware. Responsible for procurement of all contra cts, all spec underwriting, procurement of parts, and collection of receivables. Fully familiar with WAWF (Wide Area Work Flow), CCR (Central Contractor Regist ry), DD250 (invoicing), RFID (Radio Frequency ID Tags), and DIBBS (Defense Bid B oard System). Able to work through the documentation required to submit contrac ts and invoicing through DLA (Defense Logistics Agency) and the Department of De fense. Responsible for all accounting and tax issues as well as keeping a full set of Quick Books including P & L and balance sheet entries.

Plymouth Oil Company, LLC, Merrill, Iowa Chief Executive Officer/Chief Financial Officer March 2010 to present Duties included bringing a solvent oilseed extraction plant on line and processi ng up to 200 ton of corn germ per day production level. This particular plant e xtracts food grade corn oil from fractionated dry corn germ. Charged with raisi ng funds for startup and for maintaining shareholder value. Responsible for ori ginating all financial information including budget projections, daily accountin

g results, prepared monthly profit and loss/balance sheet numbers, completed all financial modeling as well as originating and updating the business plan, and m anaged and communicated results to potential shareholders and investors. Engage d in monitoring all accounts receivable and managed the accounts payable functio n. Kept operating expenses (crush margin) below that of other solvent oilseed e xtraction plants even though the plant was in the startup phase. Worked in the shipping and receiving areas of the plant on a frequent basis and handled the lo gistics function as well. Fully familiar with the procurement of raw materials as well as the inventory of same. Was in control of the marketing functions of the feed mill and the negotiation of product sales of oil and meal production. The feed sales customer base was built through my contacts in the dairy and hog industry. Was responsible for the oversight of the plant production schedules a nd all plant personnel.

Big Deal Auto, Sioux City, Iowa Finance Manager June 2009 to March 2010 Duties include handling all financing for dealer paper contracts and all the doc umentation associated with fulfilling the banks' requirements on meeting their u nderwriting guidelines. Work the sales floor as well and handle all documentati on for all sales including title work for vehicles sold in five different States . Responsible for pursuing bank financing for buy/here pay/here dealer paper. Negotiate all financing arrangements for the servicing and selling of dealer pap er contracts to financial institutions. Responsible for all collections in conn ection with the performance of dealer paper contract payments. American Bank, NA, Le Mars, Iowa President/Trust Officer December 1996 to June 2009 Duties include total management of all bank functions. Responsible for all mark eting goals, growth opportunities, profitability, asset quality, supervision of all department heads, strategic planning and budgeting. Was responsible for all accounting functions, audit work papers, and tax issues in regards to the bank' s budget and earnings. Charged with moving the bank charter and growing bank in a new market area. As of December 1996, bank assets were $42 million, 70% deposit ratio, with a .50% ROA and 8% ROE. The bank had $220 million in assets, earning 1.5% ROA, 16% ROE, and 109% loan to deposit ratio upon my departure. Member of Board of Directors, Loan Committee, Marketing Committee, Asset Liability Committee, Compliance Committee and Trust Committee. At Bank Holding Company Level - Executive Loan Committee Member.

American State Bank, Sioux Center, Iowa Executive Vice President/Compliance Officer February 1987 - December 1996 Duties included establishing and managing the Loan Review Department to monitor

all loan documentation, credit quality, loan losses, and all legal compliance wi th consumer protection laws (i.e.: Reg Z, Reg B, CRA, Reg CC, etc). Supervised all lending functions and branch operations in a $225 million bank. Responsible for keeping abreast of all new loan procedures and forms and insuring that prop er guidance is given on implementing loan policy. Provide support, analysis, an d counsel on all complex loan arrangements, including working directly with prob lem and work out loans. Fully responsible for maintaining Watch List, Loan Loss Reserve, reducing classified assets and delinquency and assigning risk ratings on all loans. Work on special projects as assigned by President, including new product development, insurance department problems and products, overhead and co st benefit analysis, bank acquisitions, and investments. Audited all general led ger accounts for accuracy and was responsible for all taxable issues in regard t o the bank's earnings. Implemented first computerized Watch List, cash flow and RMA trend sheet. Automated all loan documents on a Microsoft Windows Network La zer System. Handled all computer network administration for the bank. Establish ed procedures for all conforming real estate and consumer loans to be sold on se condary market. Managed holding company insurance agency as well as the bank in President's absence. Trained all personnel assigned to the Loan Department. M ember of Board of Directors, Marketing Committee, Head of Loan Committee and Com pliance Committee, and Member of Asset Liability Committee. Community National Bank & Trust Co., (Brenton Banks, Inc.), Knoxville, Iowa Vice President/Ag & Commercial Loans November 1984 - February 1987 Duties include taking loan applications and underwriting them through spreadshee t analysis, responsible for all business development, handled problem credits on a work out basis, fully familiar with bankruptcy laws, liquidation procedures, debt restructuring, FmHA programs, established ALP status w/FmHA, completed farm field appraisals, lien searches, and title reports, fully familiar with SBA pro cedures, business inventory analysis, changes in financial position, accounts re ceivable, and profit and loss information. Served as compliance officer of the bank and had varied duties with installment credit, disbursements and collection s thereof. Was responsible for originating, documenting, underwriting, and clos ing fixed rate residential mortgages for sale on the secondary market through Br enton Mortgage Co. Served as a loan review officer for five (5) Brenton Holding Company banks. Columbus Production Credit Association, Osceola, Iowa Branch Manager/Loan Officer October 1981 - November 1984 Duties included total management and supervision of all operations at the branch level, taking loan applications and underwriting them, all business development , serving all members at branch level in all facets of Ag finance, handling loan disbursements and collections of the branch, doing farm field inspections, incl uding machinery and livestock appraisals, handling chattel mortgage filings, and checking chattel and title abstract reports from courthouse records. IBM Mid America Employees Federal Credit Union, Omaha, Nebraska Branch Manager/Loan Officer August 1979 - September 1981

Duties included total management and supervision of all operations in the branch level, taking loan applications and underwriting them, servicing all members at the branch level in all facets of consumer finance, handling all loan disbursem ents and collections of the branch. Nebraska Savings and Loan Association, FA, Elkhorn, Nebraska Assistant Manager/Loan Officer August 1978 - August 1979 Duties included taking applications, underwriting loans, closing loans, servicin g mortgage loans, appraisals of residential properties, teller work, supervising all branch functions, handling loan disbursements and collections at the branch level. State National Bank and Trust Co., Wayne, Nebraska Loan Officer/Trainee February 1976 - August 1978 Duties include working with Ag customers in all facets of servicing and loan doc umentation, doing farm field inspections, handling chattel and mortgage filings, working with the collections of installment debt, porting notes, making entries to the bond portfolio, reconciling accounts, making credit ratings, teller work , telephone inquiries, and accrual accounting for notes. United States Air Force Sergeant August 1972 - December 1975 Crew Chief responsible for all aircraft assigned as a jet aircraft mechanic over two engines. Stationed in Ellsworth Air Force Base, Rapid City, South Dakota, Travis Air Force Base, Sacramento, California, and Hickman Air Force Base, Honol ulu, Hawaii.

Leadership Positions * Past President - Le Mars Area Chamber of Commerce, Ag Committee Vice President , (6) years * Member of Le Mars Business Initiative Corp * Trustee, Northwest Rural Electric Cooperative, Loan Committee * Finance Committee Member of Iowa Cattleman's Association * Board Member of the IBA Compliance School, (3) years * Board Member of the Siouxland Group of Robert Morris & Associates, (3) years * Member of the American Legion, served as Post Adjutant * Member of Lions Club International, served as Treasurer, Secretary, and Fund R aising Chairman, currently Treasurer, Le Mars Lions Club * Member of St. John's Lutheran Church, Le Mars, Iowa * Member of various Chamber of Commerce's, served as Membership Chairman, Secret ary, and Treasurer * Past member, Kiwanis Club International * Past member, Optimist International, served as Vice President

* Member Delta Sigma Pi (Professional Business Fraternity) Awards Received "Citizen of the Year", 2004, recipient of annual Le Mars Area Chamber of Commerc e award "Sam Walton Business Leader Award", 1999, recipient for recognition of service t o customers, commitment for excellence, and respect for the individual "Lender of the Year", 1998, Siouxland Economic Development Corporation, creative use of SBA 504 loan program Personal Data Unmarried, 3 children, Excellent health, Date of Birth - 4/27/54, SS#, Height 5'11", Weight - 195 lbs. Enjoy bowling, fishing, and snow skiing. References Neal Adler, Executive Director Brian Berkenpas Le Mars Area Chamber of Commerce 2570 Highway 20 50 Central Ave SE Lawton, Iowa 51030 Le Mars, Iowa 51031 (712) 490-3332 (712) 546-8821 William D. Gardner, President R & R Industries, Inc., Ltd. Arens Trucking 17416 Talbot Rd. 325 East Nothem Sioux City, Iowa 51109 Remsen, Iowa 51050 (712) 252-3659 (712) 786-1178 Joe Arens