Peter A. Gilbert joined Valley Bancorp., Appleton, Wis., as president and chief executive officer of the company's new mortgage banking subsidiary, Valley Real Estate Services Corp., Sheboygan.

Mr. Gilbert's responsibilities include management and administration of all secondary-market mortgage banking activities.

Mr. Gilbert has 22 years of experience in mortgage banking. He started his career in 1970 with Rainier Financial Services Co., Seattle, where he rose to the position of senior vice president. In 1985, he joined AmeriStar Financial Corp., San Diego, as a senior vice president.

In 1988, Mr. Gilbert became an independent consultant to the real estate industry, including work for BEI Golembe, Washington, a national consulting firm.

He is a past president and director of the Washington Mortgage Bankers Association.

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