Executive Profiles

Modern Woodmen Bank's Executive Officers and Board of Directors are seasoned veterans in the financial services industry, as indicated by the following profiles. President and CEO Ollenburg and Executive Vice President Sperfslage have worked together for over a decade, specifically in the type of banking that Modern Woodmen sought to deploy. 

Modern Woodmen Bank's Staff

Modern Woodmen Bank's staff consists of seasoned financial services and technology veterans who joined Modern Woodmen to deliver specific banking talent.

Modern Woodmen of America hired banking industry knowledgeable individuals. Those individuals have been trained on Modern Woodmen's banking approach. The average banking, accounting, financial services and technology experience for each Modern Woodmen Bank employee exceeds 15 years.

W. Kenny Massey

W. Kenny Massey is the president and CEO of Modern Woodmen of America and also serves on its board of directors. Massey is also chairman of the board of directors of Modern Woodmen Bank. 

Massey began his career with Modern Woodmen of America in 1982. Massey has served the society as a financial representative, managing partner, regional director and director of agencies before being appointed to the role as president and CEO in 2005. Massey has been a member of the Modern Woodmen of America Board of Directors since 2002. 

Massey graduated in 1982 from Mississippi State University with a business degree, majoring in insurance. He has achieved numerous professional designations and achievements throughout his career including his LLIF from Babson College in Boston, Mass., and NASD Securities 6 & 26 licenses.

Massey served as a member of LL Global’s International Board of Directors and the LIMRA Executive Development Committee. He also served as past president and board member for the Fraternal Field Managers’ Association. He earned the National Security and Strategy Certificate of Leadership Development from the U.S. Army War College in Carlisle, Pennsylvania.

Kenny is currently serving on the Board of Directors for CASI (Center for Active Seniors), the Regional Opportunities Committee, and is past President of the Quad Cities Contributor’s Council. He is a member of the QC Air Service Committee and serves on the Deacon’s Board at his church. 


Steven J. Ollenburg

Steven J. Ollenburg is president and CEO, and on the Board of Directors of Modern Woodmen Bank. He joined Modern Woodmen of America in 2001 to lead its venture into banking.

He has been in the banking and financial services industry since 1983 and a CEO, specializing in the federal savings bank charter, since 1992. Mr. Ollenburg also has significant experience in the formation of new banks and insurance firms that own banks. He chartered one of the first Internet banks ever formed. His banking and financial services background includes working in community banks, Fortune 500 companies, mutual organizations, closely-held companies and publicly traded companies.

He holds a BBA from the University of Iowa, the Graduate School of Banking at the University of Wisconsin - Madison, and expanded accounting programs at Simpson College. Mr. Ollenburg has been active in the financial services industry by serving on many boards of directors such as America's Community Bankers, Iowa Student Loan Liquidity Corporation, Shazam Inc., and Iowa's Community Bankers. He has also served in an advisory capacity on many industry boards and committees such as the Federal Reserve Bank of Chicago's Iowa Advisory Board and the S1 Corporation Strategic Customer Advisory Board, among others. Mr. Ollenburg has also been extremely active in community groups, service clubs and legislative panels.


Mark H. Sperfslage

Mark H. Sperfslage is executive vice president of Modern Woodmen Bank and serves as the CFO, COO and CIO. He joined Modern Woodmen of America in 2001. Sperfslage was appointed to Modern Woodmen Bank's Board of Directors in June 2005. He started in the financial services industry in 1978 specializing in bank accounting, operations and technology. He has been in an executive management role since 1985.

Mr. Sperfslage's background includes oversight of significant data processing conversions and implementations. He was intricately involved in the operational and technological structure of one of the first Internet banks ever formed; this bank was formed for a Fortune 500 company. He led the development of the consolidation of disparate bank accounting and operations for an eight-bank holding company, with almost 50 locations in two states. He is considered by his peers to be an industry leader in bank workflow automation.

He holds a Bachelor of Arts degree in accounting and business from the University of Dubuque, Dubuque, Iowa. He has served in an advisory capacity to many bank operation and technology vendors.


Dr. Michael C. Giudici

Michael C. Giudici, MD, is an Associate Professor of Medicine at University of Iowa Hospitals in Iowa City, Iowa. He has been a Modern Woodmen of America member since 1984. He was appointed to the Modern Woodmen Bank Board of Directors in 2001.

In 1971, he graduated from Assumption High School in Davenport. He received his B.A. in Math and Chemistry from Carleton College in Northfield, Minnesota, and his B.S. in Medicine from the University of South Dakota. He received his Doctor of Medicine degree from the University of Iowa and performed his internship at the University of Iowa Hospitals.

After serving as a primary care physician for the U.S.A.F. Clinic at McGuire Air Force Base, he completed his residency in internal medicine and his fellowship in cardiology at Thomas Jefferson University Hospital in Philadelphia. He completed his fellowship in interventional cardiology and electrophysiology at the University of Missouri Hospitals in Columbia, Missouri.

Dr. Giudici is board certified in cardiovascular disease and cardiac electrophysiology. Dr. Giudici specializes in the management of heart rhythm disorders and is involved in the research and development of numerous devices and techniques in the electrophysiology field.

He is widely known in the Quad City area for his extensive community service. He founded and directs the Greenway Habitat Project and has served on many boards including Davenport One, River Action, the Scott County Beautification Foundation, and St. Ambrose University. Dr. Giudici was recently awarded the "Key to the City of Davenport" in recognition of his civic efforts over the years.


Monty D. Meyer

Monty D. Meyer was appointed to the Modern Woodmen Bank Board of Directors in 2009.

Mr. Meyer is a Certified Public Accountant practicing in the Quad Cities. He owns his own accounting firm based in Moline, Illinois. He was formerly with the CPA firms of Crippen, Reid and Bowen, and McGladrey and Pullen. Mr. Meyer earned a bachelors degree in accounting from the University of Iowa in 1980. He received a master of science in taxation in December of 2011. 

Mr. Meyer has been involved in a number of community organizations. He is also a member of the Iowa Society of CPAs, the Illinois Society of CPAs and the American Institute of CPAs. He has also earned the AICPA's personal financial planning designation, PFS. 




Dr. James A. Stewart

James A. Stewart, MD, joined the Modern Woodmen Bank board of directors in 2012.

Dr. Stewart, a Chicago native, is partner and physician with Anesthesia & Analgesia, P.C., Bettendorf, and has served as vice president since 2006. Prior to his current role, he was chief of medical staff and member of the board of directors at Grinnell Regional Medical Center in Grinnell, Iowa. He earned his bachelor’s degree from the University of Illinois at Urbana-Champaign, and his doctor of medicine from the University of Illinois at Chicago. 

Dr. Stewart previously served as the 5th Ward Alderman for the City of Bettendorf from 2008 - May 2014.




David B. Emrick

David B. Emrick, Davenport, Iowa, is a retired office managing partner for Deloitte and Touche Accounting. He has served on Modern Woodmen’s Board of Directors since October 2009.

A graduate of Ball State University, Emrick earned his Certified Public Accountant certificate in 1973.

Emrick has served on the boards of the Putnam Museum and Genesis Health Services Foundation. He is the past president of the Illinois Society of Certified Public Accountants, Western Chapter. He is a member of the American Institute of Certified Public Accountants.





Darcy G. Callas 

Darcy G. Callas is the general counsel for Modern Woodmen of America and is on its Board of Directors. She is also the general counsel for Modern Woodmen Bank.

Mrs. Callas began her Modern Woodmen of America Career in 1983 as assistant counsel and then became assistant general counsel in 1994. She became general counsel and a member of Modern Woodmen of America Board of Directors in 2006.

A graduate of Chicago-Kent College of Law, Chicago, Illinois, Mrs. Callas earned the Fellow, Life Management Institute (FLMI) and the Associate, Life and Health Claims (ALHC) designations. She earned a bachelor's degree from the University of Illinois, Chicago, Illinois.