Civista Bancshares, Inc. (NASDAQ:CIVB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 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 December31, 2017, James O. Miller will retire as an employee and relinquish his positions as chief executive officer and president of Civista and as chief executive officer of Civista’s banking subsidiary, Civista Bank (the “Bank”). Mr.Miller will continue as chairman of the boards of directors of Civista and the Bank in the capacity of a non-employee director. Because Dennis E. Murray, Jr. will continue in his capacity as lead independent director, the leadership structure of the boards of directors will not change.
As chairman, Mr.Miller’s future responsibilities will include assisting in strategic and financial planning, acting as a liaison between the boards and management, providing counsel and guidance to his successor and participating in the Bank’s lending decisions.
Dennis G. Shaffer, who is currently executive vice president of Civista and president of the Bank, is expected to replace Mr.Miller in his current executive positions as chief executive officer of Civista and its banking subsidiary.
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 $1.5 billion bank holding company headquartered in Sandusky, Ohio and may be accessed at www.civb.com. The Company’s common shares are traded on the NASDAQ Capital Market under the symbol “CIVB”. The Company’s depositary shares, each representing a 1/40th ownership interest in a Series B Preferred Share, are traded on the NASDAQ Capital Market under the symbol “CIVBP”.
Item 5.02 Financial Statements and Exhibits
| (d) | Exhibit 99.1 press release announcing the planned retirement of James O. Miller |
CIVISTA BANCSHARES, INC. ExhibitEX-99.1 2 d432808dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 CIVISTA BANCSHARES,…To view the full exhibit click here
About Civista Bancshares, Inc. (NASDAQ:CIVB)
Civista Bancshares, Inc. is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services. The Company’s loan portfolio consists of commercial and agriculture, commercial real estate-owner occupied, commercial real estate non-owner occupied, residential real estate, real estate construction, consumer and other. Its securities are classified as available-for-sale (AFS) securities. Its deposits include non-interest-bearing demand deposits; interest-bearing demand deposits; savings account, including money market deposit accounts, and certificates of deposit, including individual retirement accounts (IRAs).