Civista Bancshares, a $4.3 billion financial holding company, has appointed Charles A. “Chuck” Parcher president and CEO of Civista Bancshares and Civista Bank. The change matters to investors because Dennis G. Shaffer, who retired from those executive roles, will remain chairman of the board and continue serving as a director.

Key Highlights

  • Chuck Parcher joined Civista Bancshares in 2016 after holding banking Leadership roles at FirstMerit, Sky Bank and Huntington Bank.
  • Dennis G. Shaffer will continue as chairman of the board and serve on Civista Bancshares’ board of directors.
  • Parcher succeeds Dennis G. Shaffer as president and CEO of Civista Bancshares.
  • Shaffer retired from the president and CEO positions after a long banking career.

Executive Succession at Civista Bancshares

Civista Bancshares has completed an executive succession in which Parcher succeeds Dennis G. Shaffer as president and CEO. The transition follows Shaffer’s retirement from those positions after a long banking career, marking a change in leadership for the company.

The succession places Parcher in the president and CEO roles previously held by Shaffer. It also reflects a leadership transition involving the company’s strategic direction, daily operations and broader executive responsibilities.

Shaffer’s Banking Career

Shaffer retired from the president and CEO positions after a long career in banking. His departure from those roles concludes his tenure as the executive responsible for leading Civista Bancshares at the highest level.

The available information identifies the retirement as the event prompting the succession. It does not provide additional details about Shaffer’s banking career, the timing of his retirement or his responsibilities after leaving the president and CEO positions.

Parcher’s Expanded Responsibility

Before succeeding Shaffer, Parcher took on greater responsibility for Civista Bancshares’ strategic direction and daily operations. That work involved collaboration with Shaffer and the leadership team as the company continued its executive transition.

Parcher’s involvement in strategic direction and daily operations provides the stated context for the succession. The transition therefore connects the incoming leadership with responsibilities that extend across both long-term company direction and everyday execution.

Working With the Leadership Team

Parcher worked with Shaffer and the leadership team while taking on greater responsibility. That collaboration forms an important part of the succession narrative presented by Civista Bancshares.

The leadership transition was not described only as a change in titles. It also involved Parcher’s increasing participation in the company’s strategic direction and daily operations alongside the existing leadership team.

Civista Bancshares’ Business

The company’s executive succession is presented alongside information about one of its Business divisions.

Civista Leasing and Finance provides commercial equipment leasing for businesses nationwide. This description establishes the division’s focus on equipment leasing and its reach across businesses throughout the country.

Leasing and Finance Division

The Civista Leasing and Finance Division serves businesses through commercial equipment leasing. The division is part of the company context surrounding the executive succession.

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