NEW ULM — Shannon Hillesheim, Senior Vice President of Bank Midwest in New Ulm, has been designated as a Notable Woman in Commercial Banking for 2021 by Twin Cities Business.

“Shannon Hillesheim took the helm at Bank Midwest’s New Ulm location in 2015,” Twin Cities Business noted. “Under her leadership, the location has posted year-over-year asset growth of 31.2 percent. Commercial and agricultural loan portfolios have grown significantly under her watch, as have Bank Midwest’s insurance agency and wealth management businesses. In 2016, she oversaw the bank’s move to a new, larger facility, a $4.6 million project that opened the following year.

“Outside of her work at Bank Midwest, Hillesheim has served on the Public Utilities Commission and on the boards of the New Ulm Area Foundation and New Ulm Area Catholic Schools.

TCB’s 22 Notable Women in Commercial Banking were already responsible for managing trillions of dollars at some of Minnesota’s largest commercial banks and institutions. Add in a global pandemic and they were also responsible for steering clients through the complexities of the Paycheck Protection Program (PPP) and other Covid-19 assistance programs, helping to keep Minnesota companies afloat in an especially difficult year.”

Twin Cities Business selected individuals featured in Notable Women in Commercial Banking from those who were nominated and accepted after editorial review. To quality for this list, individuals must self-identify as a woman, be serving in a senior level commercial banking role at their company, bank, or institution in Minnesota, have at least five years of experience in the field, and have shown the abilities to create significant, positive, and measurable results in their field. They did not pay to be included in the list.