Baloun named to Board of Regents Gov. Mike Rounds has appointed Terry Baloun of rural Faulk County and Sioux Falls to the South Dakota Board of Regents, the constitutional governing board for South Dakota's six public universities and two special schools.
"Terry has a long and distinguished record of service to his state and community," said Gov. Rounds. "He recognizes the importance of public higher education and the role it plays in South Dakota's economy and future development. He will make an excellent regent."
Mr. Baloun is retired from Wells Fargo Bank South Dakota, N.A. He first joined Wells Fargo in 1974 as an ag and installment lending officer in Groton. He served in many leadership positions within Wells Fargo culminating in 1998 when he was named regional president overseeing 60 locations in 40 communities throughout South Dakota and southwest Minnesota.
"I am honored that Gov. Rounds has asked me to serve on the South Dakota Board of Regents," said Mr. Baloun on his appointment. "There has never been a more critical time in our state's history, to provide a strong post-secondary education for the children of South Dakota."
He is active in the area, serving on the boards of Northern State University Foundation, Sioux Empire United Way, Sioux Falls Development Foundation, South Dakota Chamber of Commerce and Industry. He also serves as the chairperson of the Carroll Institute and Washington Pavilion. On June 1 of this year, Baloun will become chairperson of the board of trustees for Sioux Valley Hospitals and Health Systems.
A native of Faulkton, Baloun graduated from high school there, and went on to earn both a bachelor's degree and a master's degree in education from Northern State University in Aberdeen.
Mr. Baloun fills a position left vacant on the Board of Regents, as Rudolph Nef of Milbank will not seek another term.