Greenwoods State Bank: Mike Powers joins Greenwoods State Bank

Evansville and Monticello, Wisc- May 15, 2017: Bill McDonald, Chairman and Chief Executive Officer of Greenwoods Financial Group and Warren Laube, President of Greenwoods State Bank announced today that Mike Powers has joined the Greenwoods Bank Team in Evansville, Wisconsin.

“We are extremely pleased that Mike has chosen to join our organization, bringing with him a deep
understanding and commitment to our customers. His skills and expertise are the complement to our
Greenwoods Team that we have been searching for,” said McDonald.

Powers, a graduate of the University of Wisconsin Platteville, has worked in agriculture, politics,
economic development and recently specialized tax credit financing.

“Mike brings to Greenwoods an extraordinarily unique commitment to the people of Green and Rock
Counties. Many of our current and future customers have known Mike through the years. He grew up
working in area businesses and farms; managed ag and conservation programs; represented us in the State Capitol; and has served in local government and a as a community volunteer,” said Laube.

Powers will work in business development from the Evansville location, closely connected to Greenwoods Monticello branch. It’s an area in which Powers’ roots run deep. He and his family reside in rural Green County, near Attica. A location Powers described as “in the heart of the Evansville and Monticello markets.”

“It’s a sincere pleasure to have the opportunity to join the team of experienced professionals at
Greenwoods State Bank, many of whom have been life-long friends, others who’ve been my financial
advisors and bankers,” Powers said. “I’m extremely happy to, once again, be able to work closely with
the folks living in Green and Rock Counties.”

Greenwoods Financial Group, Inc. had total assets of $173 million, net loans of $136 million and total deposits of $ 144 million as of December 31, 2016. Greenwoods also offers investments through
Greenwoods Wealth Management.

The Greenwoods State Bank, a Wisconsin commercial bank, chartered in 1883, is headquartered in Lake
Mills with branches located in Monticello, Evansville and Fort Atkinson. Greenwoods is a member of the FDIC and is also an Equal Opportunity Housing Lender.