On November 28, 2022, Hills Bancorporation appointed Tony Roetlin, age 55, to the position of Senior Vice President and Chief Financial Officer of the Company and the Company’s wholly-owned bank subsidiary, Hills Bank and Trust Company effective December 30, 2022. Mr. Roetlin will also serve as principal financial officer and principal accounting officer of the Company. Before his appointment to the Company and the Bank, Mr. Roetlin served as the Director of Finance with the City of Coralville, Iowa from 2012 through his current appointment.

Prior to working at the City of Coralville, Mr. Roetlin served in a variety of financial positions at companies including AEGON Asset Management, Springsted Incorporated, William Blair & Company, First Chicago Capital Markets, and American National Bank & Trust Company of Chicago. Mr. Roetlin began his career after graduating with a Bachelor of Business Administration in Finance with an emphasis in Accounting from the University of Iowa in 1991. While working at First Chicago Capital Markets in Chicago, Mr. Roetlin studied at the University of Chicago and graduated with a Master of Business Administration in Finance and Econometrics in 1997.