UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Civista Bancshares, Inc. (“Civista”) announced today that, effective December 31, 2023, Paul J. Stark will retire as an employee and relinquish his positions as Senior Vice President of Civista and as Senior Vice President and Chief Credit Officer of Civista’s banking subsidiary, Civista Bank (the “Bank).
Michael D. Mulford joined Civista as Senior Vice President of the Bank and will assume the position of Chief Credit Officer for the Bank upon Paul’s retirement.
A copy of the press release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Civista Bancshares, Inc., is a $3.7 billion financial holding company headquartered in Sandusky, Ohio. Its primary subsidiary, Civista Bank, was founded in 1884 and provides full-service banking, commercial lending, mortgage, and wealth management services. Today, Civista Bank operates 43 locations across Ohio, Southeastern Indiana and Northern Kentucky. Civista Leasing & Finance, a division of Civista Bank, offers commercial equipment leasing services for businesses nationwide. Civista Bancshares’ common shares are traded on the NASDAQ Capital Market under the symbol “CIVB”. Learn more at www.civb.com.
Item 9.01 | Financial Statements and Exhibits |
(d) | Exhibit 99.1 press release announcing the planned retirement of Paul J. Stark |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Civista Bancshares, Inc. | ||||||
(Registrant) | ||||||
Date: November 7, 2023 | /s/ Todd A. Michel | |||||
Todd A. Michel, | ||||||
Senior Vice President and Controller |
Exhibit 99.1
Civista Bancshares Announces Planned Retirement of Chief Credit Officer Paul J. Stark
Sandusky, OH November 7, 2023 Civista Bancshares, Inc. (Civista) (NASDAQ: CIVB) announced that Senior Vice President and Chief Credit Officer Paul J. Stark will retire on December 31, 2023. Pauls insight and guidance the past 13 years has been instrumental in Civistas continued growth, said Dennis G. Shaffer, CEO and President of Civista Bancshares, Inc. In preparation for Pauls retirement, Michael D. Mulford joined Civista Bank (Bank) as Senior Vice President on November 6, 2023 and will assume the position of Chief Credit Officer for the Bank upon Pauls retirement.
Mr. Stark has served as Senior Vice President and Chief Credit Officer since 2010. He was previously Senior Vice President and Senior Vice President and Chief Credit Officer at First National Bank in Howell.
Mr. Mulford comes to Civista with 33 years of credit experience, including thirteen years as Executive Vice President, Chief Credit Officer at First Federal Bank of the Midwest ($3.5 billion in assets). After their merger with Home Savings Bank, Mike assumed the role of Executive Vice President, Chief Credit Administration Officer for the newly formed Premier Bank ($7 billion in assets) for 4 years before moving on to take the Chief Credit Officer role at Coastal Carolina Bank. Early in his career Mike spent time in various credit roles with Society Bank, Mid-Am Bank and Key Bank.
About Civista Bancshares, Inc.
Civista Bancshares, Inc., is a $3.7 billion financial holding company headquartered in Sandusky, Ohio. Its primary subsidiary, Civista Bank, was founded in 1884 and provides full-service banking, commercial lending, mortgage, and wealth management services. Today, Civista Bank operates 43 locations across Ohio, Southeastern Indiana and Northern Kentucky. Civista Leasing & Finance, a division of Civista Bank, offers commercial equipment leasing services for businesses nationwide. Civista Bancshares common shares are traded on the NASDAQ Capital Market under the symbol CIVB. Learn more at www.civb.com.
For additional information, contact:
Dennis G. Shaffer
President and CEO
Civista Bancshares, Inc.
888-645-4121
Document and Entity Information |
Nov. 07, 2023 |
---|---|
Cover [Abstract] | |
Amendment Flag | false |
Entity Central Index Key | 0000944745 |
Document Type | 8-K |
Document Period End Date | Nov. 07, 2023 |
Entity Registrant Name | Civista Bancshares, Inc. |
Entity Incorporation State Country Code | OH |
Entity File Number | 001-36192 |
Entity Tax Identification Number | 34-1558688 |
Entity Address, Address Line One | 100 East Water Street |
Entity Address, Address Line Two | P.O. Box 5016 |
Entity Address, City or Town | Sandusky |
Entity Address, State or Province | OH |
Entity Address, Postal Zip Code | 44870 |
City Area Code | (419) |
Local Phone Number | 625-4121 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common |
Trading Symbol | CIVB |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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