Reliabank Announces Leadership Transition: Joshua A. Hogue Named New CEO
Here at Reliabank, we are excited to announce that Joshua A. Hogue has assumed the role of Chief Executive Officer, effective February 2025. Hogue succeeds David W. Johnson, who will retire in August after leading the bank for 50 years.
Under Johnson’s leadership, Reliabank expanded from one location to ten along the I-29 corridor, with a commitment to delivering personalized, hometown banking services. “I have always thought of myself as an entrepreneur, and that attitude has helped me to determine the direction of Reliabank,” Johnson said.
Joshua Hogue brings nearly two decades of experience in the banking industry and affirms that he is dedicated to upholding Reliabank’s core values while embracing technological advancements and new opportunities for growth. “Beyond providing financial products, our mission will remain focused on building relationships, strengthening local businesses and agricultural producers, and fostering a sense of community where everyone thrives. I am excited to lead Reliabank into its next chapter, ensuring we continue to be a trusted partner for our customers and communities,” Hogue said.
While Hogue will take the helm as CEO, the Johnson family will continue to retain ownership of Reliabank. Johnson said that Reliabank customers can expect the same high level of service and personal relationships that have defined the bank since his father purchased the then-Farmers State Bank of Estelline in 1967. Hogue added, “I am honored and humbled by the trust the Johnson Family has placed in me to carry forward their community banking legacy. Community banking isn’t just what I do—it’s who I am.”
For more information about Reliabank and it’s leadership, visit www.reliabank.com/about.
About Reliabank:
Reliabank, originally established as The Farmers State Bank of Estelline on September 1, 1920, has a rich history of leadership that has guided its growth and adaptation over the past century.
Founding and Early Leadership
The bank was founded by Fred Beskow, who led the institution through its formative years, including the economic challenges of the 1920s and the Great Depression. Beskow’s leadership was instrumental in maintaining the bank’s stability during these turbulent times.
Transition to the Johnson Family
In 1944, Walter K. Johnson began his career at the bank, working under Fred Beskow. After 24 years, in 1967, Walter acquired the bank from Beskow’s estate, becoming its owner and president. He led the bank until his passing in 1976.
David W. Johnson’s Leadership
Following Walter’s death, his son, David W. Johnson, assumed leadership at the age of 23. David navigated the bank through significant challenges, including a severe drought and the farm crisis of the 1980s. Under his guidance, the bank expanded by acquiring neighboring banks in Hayti and Hazel in 1991. In 1997, a new branch was opened in Watertown, and in 1999, the bank’s name was changed to Reliabank to reflect a broader mission beyond its agricultural roots.
Current Leadership and Expansion
Today, Reliabank remains a family-owned institution. David’s sons, Reid and Ethan Johnson, hold key leadership positions within the bank. Reid serves as the Chief Culture Officer and Marketing Director, while Ethan is the Treasury Officer. The bank has continued to grow, with multiple branches across eastern South Dakota, including a significant presence in Sioux Falls.
Throughout its history, Reliabank has been guided by leaders committed to community-focused banking and adapting to the evolving financial landscape.