Jack W. Gustavel is the chairman of the board, president and chief executive officer of Idaho Independent Bank (IIB), which he founded in 1993. IIB has eight branches located in Hayden Lake, Coeur d'Alene, Boise (2), Meridian, Nampa, Mountain Home and Caldwell, Idaho. Mr. Gustavel has 41 years of banking experience and previously served as the president and chief executive officer of The First National Bank of North Idaho from 1976 until its merger with First Security Bank in 1992. Prior to joining The First National Bank of North Idaho, Mr. Gustavel was employed by Idaho First National Bank, now U.S. Bank, as a vice president. Mr. Gustavel received his bachelor of science degree in business from the University of Idaho in 1962 and graduated from Pacific Coast Banking School in 1972.
Mr. Gustavel has been active in both civic and professional organizations. He has served as president and is now a director of North Idaho College Foundation. He is also a director of Mines Management, Inc. Mr. Gustavel served as a director of the Portland Branch of the Federal Reserve Bank of San Francisco from 1978 to 1984. In addition, he has been a director of the Idaho Association of Commerce and Industry, president of the Kootenai County division of the American Heart Association, treasurer for the Idaho Bankers Association, and was a member of the comptroller of the Currency Regional Advisory Committee for the Thirteenth National Bank Region.