Merchants National Bank
It is hard to overstate the significance that Henry Royer has had on the banking industry in Cedar Rapids. Royer served as the President of Merchants National Bank from 1983-1994. During his eleven year stint, Royer led the bank to an 80 percent growth in total assets from $500 to $900 million. This transformed MNB from a good community bank to an outstanding regional bank. He led the efforts to renovate the historic bank building, turning it into an architectural jewel and attraction for many visitors. After leaving MNB, Royer was instrumental in the success of River City Bank in Sacramento, CA and of Cedar Rapids Bank & Trust where he served as Chairman of the Board. Thanks in part to Royer’s efforts, CRBT became the fastest growing de Novo bank in Iowa.
When not consumed with banking affairs, Henry has found time to serve his community in a variety of ways. He has served on numerous boards and helped to support MidAmerica Housing Program, the Cedar Rapids Museum of Art, Habitat for Humanity, Downtown Cultural Alliance, and the Development Corp. to name a few. In 1994, Royer along with Henry B. Tippie, founded the Henry Fund at the University of Iowa. This student-managed equity portfolio has seen phenomenal returns and earned top honors at national competitions.
Royer’s contributions to his community have not gone unnoticed. He has received numerous awards including the Rotary Club’s Lifetime Service Award, the Priority One Special Service Award, and the prestigious Chamber of Commerce Outstanding Volunteer of the Decade Award.