Jon Kirby Joins Liberty National Bank
The former Bluestem Capital executive departs the Sioux Falls firm after a 14-year tenure.
Updated on Oct. 15, 2026 in Corporate Finance

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Jon Kirby has concluded his 14-year career at Sioux Falls-based Bluestem Capital. He is now transitioning to a new role at Liberty National Bank.
Why it matters
Kirby served as the vice president of investor relations, where he was responsible for managing portfolio companies and evaluating new investment opportunities.
Bluestem Capital currently manages approximately $220 million in assets on behalf of over 450 investors. The firm was co-founded by Steve Kirby over three decades ago.
The players
Jon Kirby
He is a former executive who served as the vice president of investor relations at Bluestem Capital.
Steve Kirby
He is a co-founder of Bluestem Capital who also serves on the Homeland Security Advisory Council.
Bluestem Capital
This is a Sioux Falls-based investment firm managing approximately $220 million in assets.
Liberty National Bank
This is the financial institution where Jon Kirby has begun his new employment.
The details
During his time at the investment firm, Kirby played a central role in overseeing existing portfolio companies and vetting potential new investments. His departure marks a leadership shift for the organization, which maintains a significant footprint in the Sioux Falls financial sector.
Timeline
October 14, 2026: Jon Kirby announced his departure from Bluestem Capital.
14 years ago: Jon Kirby began his employment at the firm.
Over 30 years ago: Steve Kirby co-founded Bluestem Capital.
2025: Steve Kirby was appointed to the Homeland Security Advisory Council.
Market Dynamics
The appointment of Steve Kirby to the Homeland Security Advisory Council highlights the firm's integration into high-level policy networks. This move reflects the broader tendency of regional investment firms to maintain leadership connections within federal advisory structures.
Investors at Bluestem Capital may see shifts in internal communication or management strategy following the departure of a long-term executive. Clients should monitor future updates from the firm regarding leadership roles and portfolio oversight.
The takeaway
Executive transitions often signal internal shifts in how firms manage their existing portfolios and identify new growth opportunities. Stakeholders should pay close attention to how the company distributes Kirby's previous responsibilities in the coming months.
Further reading
For more information on local market trends, visit the Sioux Falls Corporate Finance section.
Source note: This article includes information reported by Argus Leader.
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