Community Bank of Owatonna, Minn., appointed Derek Skala president..An Owatonna native and 2006 Owatonna High School graduate, Skala has a Bachelor of Science degree in business administration from St. Cloud State University. “He has built his banking career through progressive leadership roles with experience in credit administration and relationship management, along with a strong specialization in agricultural banking,” according to the bank. “Derek also brings experience in small business financing, giving him practical insight into the financial needs and long-term goals of individuals, families and businesses throughout rural communities.”