DAVID W. ROM
Chief Executive Officer, President and Founder651-332-5252 Phone | 651-332-5253 Fax
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"Banking is a very personal transaction, yet it has become commoditized. I want to bring back the meaning of a handshake and sitting across from your customers at a church breakfast like my grandfather did as an attorney in North Dakota. I like that we are creating our own destiny as a bank that provides real advice. If you're looking for the reliable, blocking and tackle style of banking, talk to us."
David Rom, 41, became a founder of the only new Minnesota bank approved in 2006 after an extraordinarily diverse 15-year career in public accounting and banking – his experience ranging from balance sheet reviews of failed S&Ls on the auction block to audits and regulatory projects at community banks in the Midwest and South. He has worked in mergers & acquisitions due diligence for the purchase of distressed small community banks. He has served as CFO in several privately owned banks, managing millions of dollars and developing his vision of how a respected business bank should operate.
After pursuing the traditional route of bank ownership for a year by courting existing bank owners, David focused on his connections in the banking world – forming a partnership of trusted local colleagues. Upon raising $9.9 million in start-up capital from 100 individual investors and meeting regulatory requirements, David and his partners opened Platinum Bank in Oakdale, Minn., on February 12, 2007.
"My partners and I all have the same end game, to prove to business owners and entrepreneurs that we have their back and will give them the straight talk. Platinum isn't burdened by bad debt and legal challenges, so we are only focusing on customers and our role in the community. Each banker brings a different personality and banking background to our customers, so there is a sense of instant rapport."
Emphasizing the importance of a conversation when creating banking relationships, David realized his vision of a bank that invites entrepreneurs, groups and organizations to come together in comfortable gathering spaces and pursue or celebrate goals. "We don't have rope lines here. We believe in hospitality and treating people with respect – because every customer does matter."
With his obvious entrepreneurial leanings, David is passionate about accomplishing what others deem impossible. If he could define Platinum Bank and his leadership role in one word, it would be
- CEO & President, Platinum Bank, 2006-Present
- CFO, First National Financial Services, Elk River, MN, 2003-2005
- Senior Manager, Bank Advisory Services, Deloitte and Touche LLP, Minneapolis, 1999-2003
- Vice President for Risk Management, MidAmerica Bancshares, St. Paul, MN
- Audit positions for regional public accounting firms in Kansas City, Missouri and Denver, Colorado
- Significant experience in bank finance, loan portfolio management, operations, mergers and acquisitions and regulatory affiars.
- B. S., Accounting, Saint John's University, Collegeville, MN, 1991
- Minnesota's 40 Under 40 Community Leaders, The Minneapolis/St. Paul Business Journal, 2008
- President Elect Saint John's University National Alum Association
- St. Paul Area Chamber of Commerce Board Member
- Youth Baseball Coach
- David and his wife, Lori, have two sons and two daughters, ages 11, 9, 8 and 4. They enjoy taking family trips and attending their children's activities.