Civista Bancshares Names Ian Whinnem Chief Financial Officer

(Neutral)

Rhea-AI Summary

Civista Bancshares, Inc. named Ian Whinnem as the new Chief Financial Officer, joining on June 3, 2024. With over 25 years of experience in corporate finance in banking, including a senior position at Huntington Bancshares, Inc., Whinnem brings valuable expertise to Civista's executive team. His role will involve overseeing the company's financial functions and contributing to strategic decision-making.

Positive

Ian Whinnem's extensive 25-year corporate finance experience in banking, including a senior role at Huntington Bancshares, Inc.
Whinnem's appointment as Chief Financial Officer strengthens Civista's executive leadership team and brings valuable financial expertise to the company.

Negative

None.

News Market Reaction – CIVB

-3.38%

-3.38% Session move

In the trading session that priced this news, CIVB declined 3.38%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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04/30/2024 - 09:00 AM

SANDUSKY, Ohio, April 30, 2024 /PRNewswire/ -- Civista Bancshares, Inc. ("Civista") (NASDAQ: CIVB) announced today that Ian Whinnem will join the Company as Senior Vice President, Chief Financial Officer effective June 3, 2024. He will be a member of Civista's Executive Leadership Team reporting to President and Chief Executive Officer, Dennis G. Shaffer.

Mr. Whinnem joins Civista with over 25 years of corporate finance management in banking, including the past seven years as Senior Vice President, Director of Profitability Management and Capital Utilization for Huntington Bancshares, Inc. He began his career with FirstMerit Corporation in 1998 and held various finance roles including Director of Finance, prior to Huntington's acquisition of FirstMerit in 2016.

"Ian brings with him a strong history of financial experience and insight into today's financial services industry," said Shaffer. "He will be an added thought leader to the executive team while overseeing the Company's bank and corporate finance functions."

Mr. Whinnem earned his undergraduate and Master of Business Administration degrees from Cleveland State University. He and his wife reside in Westlake.

About Civista Bancshares, Inc.
Civista Bancshares, Inc., is a $3.9 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.

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