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Stock impact report

Ohio-based Civista names the successor to its retiring CEO [Yahoo! Finance]

Civista Bancshares, Inc. (CIVB) 
Last civista bancshares, inc. earnings: 4/24 08:30 am Check Earnings Report
US:NASDAQ Investor Relations: civb.com
Company Research Source: Yahoo! Finance
Key insight: Civista Bancshares in Ohio is promoting Charles "Chuck" Parcher to president and CEO, effective as of late August, when current CEO Dennis Shaffer is scheduled to retire. Supporting data: During Shaffer's nine-year tenure as CEO, the community bank's assets have nearly tripled to $4.3 billion. Forward look: In an interview Monday, Parcher said he plans to maintain the bank's current strategy, which is centered on organic growth and remaining independent. Civista Bancshares, a $4.3 billion-asset community bank based in Sandusky, Ohio, will undergo a change in leadership later this year when Charles "Chuck" Parcher becomes president and CEO. Parcher, 61, will succeed Dennis Shaffer, who plans to retire Aug. 28, the bank said Monday in a press release. Shaffer, 63, will remain chairman of the board for an undisclosed period of time. The transition has been in the works for more than a year. Parcher, who was hired by Civista in 2016 as the company's chief lending o Show less Read more
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