Civista Bancshares Elevates Chuck Parcher to CEO after Tripling Assets to $4.3B
Civista Bancshares will appoint Charles “Chuck” Parcher as CEO on August 28, succeeding Dennis Shaffer, who grew assets from about $1.4 billion to $4.3 billion over nine years. Parcher plans to uphold the bank’s independent, organic growth focus while pursuing opportunistic acquisitions.
1. CEO Transition and Timing
Charles “Chuck” Parcher, 61, will succeed Dennis Shaffer as president and CEO on August 28. Shaffer, 63, will retire as CEO but continue as board chairman for an undisclosed period, ensuring a phased leadership handover.
2. Asset Growth Under Shaffer
During Shaffer’s nine-year tenure, Civista’s assets nearly tripled from approximately $1.4 billion to $4.3 billion, driven by a mix of community banking operations and four acquisitions.
3. Strategy Outlook Under Parcher
Parcher intends to maintain the bank’s organic growth–centric approach and independence, while selectively pursuing acquisitions as they arise. The most recent deal was the November purchase of Farmers Savings Bank, adding two branches to Civista’s network.