A Legacy of Experience and Excellence
Kropschot Consulting Partners Founder and President, Jeff Kropschot, carries on a family banking legacy of more than 100 years.
After graduating from Indiana University, Jeff Kropschot decided to follow in the footsteps of his father and grandfather and began work as a bank and trust examiner with the State of Indiana in 1989. After nearly 10 years as a state and federal examiner, Jeff left public service and joined A.G. Edwards Trust Company as their Chief Compliance Officer and BSA Officer in 1998. Jeff left A.G. Edwards Trust Company after it was acquired by Wachovia in 2008 and joined Edward Jones Trust Company as their Chief Compliance Officer and BSA Officer. In 2017, Jeff decided to leave the stability of a career with Edward Jones Trust Company to realize a long-time dream of establishing his own firm, providing consulting and training services to financial institutions trying to make their way through an increasingly difficult regulatory landscape with limited resources.
Jeff is an honors graduate of Cannon Financial Institute’s Trust Audit and Compliance School, receiving the designation of Certified Trust Compliance Professional in 2000. He also passed the Investment Adviser Certified Compliance Professional examination, offered by National Regulatory Services and the Investment Adviser Association, in 2006. Jeff served as a member of the Board of Directors of the Fiduciary and Investment Risk Management Association from 2007-2019. Jeff enjoys speaking and teaching at industry schools, conferences and seminars.
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After graduating from Michigan State University, Jeff’s father, Russ Kropschot, accepted a job as a bank examiner with the State of Michigan in 1963. Russ quickly advanced in his career and was appointed a Deputy Commissioner with the State of Michigan Financial Institutions Bureau. For much of his career with the State of Michigan, Russ served as Chief Deputy Commissioner of the Financial Institutions Bureau. In January 1991, Russ was appointed Acting Commissioner of the Bureau by Michigan Governor John Engler, serving in that role for approximately 2 1/2 years. Russ retired in 1998, after 35 years of meritorious service to the people of the State of Michigan.
After attending Hope College, Jeff’s grandfather, Frank Kropschot, left the family farm to begin his long and illustrious career in banking. Frank served in a variety of roles from 1925-1930 with the Litchfield State Savings Bank, Coldwater National Bank and First State Bank of Petoskey. In 1930, Frank accepted a job as a bank examiner with the State of Michigan, helping banks navigate the challenging regulatory and economic environment during the Great Depression. During his employment with the State of Michigan, Frank also served as Deputy State Treasurer. In 1945, Frank joined the Bank of Lansing, where he served with distinction until his retirement in 1971. Frank was the President of the Bank of Lansing at the time he retired.