Civista Bancshares, Inc. has announced the retirement of Dennis Shaffer, President and CEO, and the appointment of Charles 'Chuck' Parcher as the new President and CEO, effective August 28, 2026. Shaffer, who has been in the banking industry for over 40 years, will continue to support the company as Chairman of the Board.
Under Shaffer's leadership, Civista strengthened its financial performance, enhanced its capital position, and continued to grow while maintaining its independence. The company's primary subsidiary, Civista Bank, which was founded in 1884, now operates 44 locations across Ohio, Southeastern Indiana, and Northern Kentucky.
Chuck Parcher, the incoming President and CEO, has been working closely with Shaffer for several years and brings extensive executive leadership experience to the role. The Board of Directors initiated formal succession planning more than a year ago when Parcher was named President, ensuring a thoughtful and orderly transition.
Reflecting on his legacy, Shaffer hopes Civista will be remembered as "a strong and well-run organization that earned its independence through strong earnings and prudent financial performance, and that grew by employing talented people who cared deeply about our customers and communities."
As Civista enters its next chapter, the Board and executive leadership team remain focused on delivering continued growth, strong financial performance, and long-term value to customers, employees, shareholders, and the communities Civista serves. As a result of these announcements, the company's shares have moved -2.33% on the market, and are now trading at a price of $22.69. Check out the company's full 8-K submission here.
