Great Western Bancorp, Inc. Names Karlyn Knieriem Chief Risk Officer & Executive Vice President

Great Western Bancorp, Inc. (NYSE:GWB), the parent company of Great Western Bank (www.greatwesternbank.com), today announced that Karlyn Knieriem has been promoted to Chief Risk Officer & Executive Vice President, effective immediately. Knieriem will have responsibility for the overall direction and operations of the risk department, including Enterprise Risk Management, Bank Secrecy Act, and Compliance and Risk Asset Review.

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Great Western Bancorp, Inc. Names Karlyn Knieriem Chief Risk Officer & Executive Vice President (Photo: Business Wire).

"Karlyn’s strategic leadership and extensive experience in risk management are exemplary,” said Chairman, President & CEO Ken Karels. "We are pleased to have Karlyn lead us in this critical role. I know that she will make valuable contributions as a vital member of our executive leadership team.”

Knieriem joined Great Western Bank in 2016 and most recently held the position of Head of Enterprise Risk Management. During her tenure at Great Western Bank, she has helped to design and implement an Enterprise Risk Management program. Karlyn has 20 years of banking experience, including previous roles at First National Bank of Omaha where she designed and implemented several risk management programs including an Internal Capital Adequacy Program inclusive of Stress Testing, Model Risk Management policy, Counter Party Risk Management and Wholesale Funding Program.

Knieriem earned her B.S. in Accounting from the University of Nebraska – Omaha. She will report directly to Karels and be based at corporate headquarters in Sioux Falls, South Dakota.

About Great Western Bancorp, Inc.

Great Western Bancorp, Inc. is the holding company for Great Western Bank, a full-service regional bank focused on relationship-based business and agribusiness banking. Great Western Bank offers small and mid-sized businesses a focused suite of financial products and a range of deposit and loan products to retail customers through several channels, including the branch network, online banking system, mobile banking applications and customer care centers. The bank services its customers through more than 170 branches in nine states: Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. To learn more about Great Western Bank visit www.greatwesternbank.com.

Forward Looking Statements

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