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Thomas D. Jacobson

CHIEF EXECUTIVE OFFICER
651-332-5228 Phone   |   651-332-5229 Fax
| LinkedIn Profile

"My passion is to go out and talk to business owners about their financial needs and help them make money. I was a young president of a local bank in 1990 when it was one office with 12 employees. The similarities between what David is trying to accomplish as a founder and CEO, and what I experienced are almost identical. I've been a rainmaker my entire career; now I can also be a mentor."

Tom Jacobson, 51, took some time off from his 25-year career in banking to assess his next phase in life. He became president of Anchor Bank Heritage at 33 years old and helped grow the small metropolitan bank into four branches and from $25 million in 1990 to more than $250 million in assets by 2006.

Watching the development of Platinum Bank on the sidelines as colleagues and good friends Tony Cavallaro and Marc Cove joined David Rom in raising start-up capital, Tom was intrigued by the idea of getting back to his roots in business development.

"I had no interest in running the bank, but part of my discussions with them was to take on a coaching role with David and assist in establishing a focus and niche for the new bank."

With Tom's competitive nature, he is no stranger to 50-60 hour workweeks. However, his role at Platinum will be less on the management side and more on direct contact with high-level business customers who expect reliability and sound advice on managing their financial matters.

This type of customer could be summed up in the story of a young construction foreman who decided to go into business for himself. From his garage in the early '90s and a new $100,000 loan based mainly on the entrepreneur's character, the business was able to expand. Tom provided the loan and today that business is as solid as anyone can be in his industry, with a workforce exceeding 75 workers.

"I want this bank to be successful with those types of customers, customers who need us." Given that, if he could sum up his role at Platinum, Tom would call it empowerment.

  • CHIEF Executive Officer and President, Anchor Bank Heritage, North St. Paul, 1991-2007
  • Grew Heritage Charter from assets of $25 million to nearly $250 million by 2006
  • Director, Anchor Bancorp, Inc.
  • Manager, Banking Group, Larson, Allen, Weishair & Co., 1986-1990
  • Vice President/Assistant Controller, Northeast State Bank, Minneapolis, 1980-1985
  • B.S. in Business Administration, University of Minnesota, 1979
  • Director, Bailey Nurseries, Newport, Minn.
  • President-Elect and Director, North St. Paul-Maplewood-Oakdale Rotary Club
  • Past President, Director, Member of North St. Paul Business Association
  • Board Member, Northeast Family YMCA
  • Tom and his wife, Jan, have two daughters, 24 and 21, and enjoy staying involved in church leadership and taking time off in the winter to play golf.