Civista Bancshares, Inc. (NASDAQ: CIVB) announced that long‑time CEO Dennis Shaffer will retire effective August 28 2026, and that Charles “Chuck” Parcher, the current President of Civista Bank, will assume the roles of President and Chief Executive Officer of both the holding company and its banking subsidiary.
Shaffer, who has led the company for more than four decades, will remain on the Board of Directors and serve as Chairman, ensuring a smooth transition. Parcher, who has overseen the bank’s operations for several years, is expected to continue the firm’s focus on disciplined growth, technology‑enabled services, and community‑centric banking.
The leadership change comes as Civista pursues a strategic plan that includes the integration of Farmers Savings Bank deposits and the expansion of its digital MANTL platform. The acquisition of Farmers Savings Bank, completed on November 6 2025, added approximately $268.1 million in assets, $106.2 million in loans and leases, and $236.1 million in deposits, and the core conversion is scheduled for February 2026.
Shaffer said, “It has been an incredible honor to serve this organization and the communities we support. I believe Civista is in a very strong position. We have a talented leadership team, a more than capable successor in Chuck, and employees across the organization who care deeply about our customers and our communities.” Parcher added, “Dennis has led Civista with integrity, discipline, and a genuine commitment to people. He has been both a colleague and a mentor, and his steady leadership has positioned the bank for continued success.”
Parcher also noted, “This change reflects Civista’s succession plan, a hallmark of a successful organization with sustained longevity as we enter our 141st year. Chuck’s exceptional leadership, extensive experience, and unwavering dedication to our organization have been instrumental in shaping the bank’s lending strategies and driving success. His promotion to President is a well‑earned recognition of his contributions.”
The transition is designed to preserve continuity and momentum. Civista’s board and management have emphasized that the change will not disrupt ongoing initiatives, and the company remains committed to its disciplined growth strategy and technology investments as it expands its footprint and digital capabilities.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.