Civista Bancshares plans CEO transition in 2026

Civista Bancshares, Inc. announced that President and Chief Executive Officer Dennis Shaffer will retire effective August 28, 2026, shortly after his 64th birthday.

Rhea-AI Filing Summary

Civista Bancshares, Inc. announced that President and Chief Executive Officer Dennis Shaffer will retire effective August 28, 2026, shortly after his 64th birthday. At that time, Charles “Chuck” Parcher, currently President of Civista Bank, will become President and CEO of both Civista Bancshares and Civista Bank.

Shaffer will remain actively involved as Chairman of the Board and continue serving on the Board of Directors to support a seamless leadership transition. The Board began formal succession planning more than a year ago when Parcher was named President, aiming for a thoughtful and orderly leadership change.

The company describes Shaffer’s tenure as a period of strengthened financial performance, enhanced capital position, and continued growth while maintaining independence. Civista Bancshares is a $4.3 billion financial holding company with 44 locations across Ohio, Southeastern Indiana, and Northern Kentucky.

Insights

Bank governance and succession analyst

Orderly CEO succession with long lead time and board oversight.

Civista Bancshares outlines a planned transition in which long-time CEO Dennis Shaffer retires on August 28, 2026, while remaining Board Chairman. Charles “Chuck” Parcher, already President of Civista Bank, will assume the CEO roles at both the holding company and the bank.

The narrative emphasizes prior succession planning, with the Board initiating the process more than a year earlier and Parcher already holding significant responsibilities. This suggests continuity in strategic direction and day-to-day operations, as leadership shifts to an executive who has been working closely alongside the current CEO.

For investors, the key elements are the extended transition period, Shaffer’s continued Board presence, and Parcher’s existing executive role. Subsequent company filings and disclosures can provide more detail on how strategic priorities, growth focus, and financial performance evolve under the new leadership after August 28, 2026.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will Civista Bancshares (CIVB) CEO Dennis Shaffer retire?

Dennis Shaffer will retire as President and Chief Executive Officer of Civista Bancshares, Inc. and Civista Bank effective August 28, 2026. He will then remain Chairman of the Board and continue serving as a director to support continuity and a smooth leadership transition.

Who will become the new CEO of Civista Bancshares (CIVB)?

Charles “Chuck” Parcher will become President and Chief Executive Officer of Civista Bancshares, Inc. and Civista Bank when Dennis Shaffer retires. Parcher currently serves as President of Civista Bank and has worked closely with Shaffer, supporting an orderly and planned transition of leadership responsibilities.

What role will Dennis Shaffer have at Civista after his retirement?

After retiring as President and CEO on August 28, 2026, Dennis Shaffer will remain actively involved as Chairman of the Board. He will continue serving on the Board of Directors to help guide the organization and support a seamless transition to incoming CEO Charles “Chuck” Parcher.

How has Civista Bancshares (CIVB) described Dennis Shaffer’s impact on the company?

Civista Bancshares credits Dennis Shaffer with strengthening financial performance, enhancing capital position, and growing the company while maintaining independence. The company highlights his more than 40-year banking career, focus on relationship banking, disciplined growth, and community-centered leadership principles such as authenticity, accountability, and empathy.

What experience does incoming CEO Chuck Parcher bring to Civista Bancshares (CIVB)?

Incoming CEO Chuck Parcher brings extensive executive leadership experience and has served as President of Civista Bank. He has worked closely with Dennis Shaffer for several years, already handling significant responsibilities, which Civista notes helps ensure continuity in strategic direction and day-to-day banking operations during the leadership transition.

How large is Civista Bancshares and where does it operate?

Civista Bancshares, Inc. is a $4.3 billion financial holding company headquartered in Sandusky, Ohio. Its primary subsidiary, Civista Bank, operates 44 locations across Ohio, Southeastern Indiana, and Northern Kentucky, offering full-service banking, commercial lending, mortgage, wealth management, and national equipment leasing services.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/02/2026 - 07:00 AM Learn about SEC filing dates

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 27, 2026

Civista Bancshares, Inc.

(Exact name of Registrant as Specified in Its Charter)

Ohio			001-36192	34-1558688
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
100 East Water Street
Sandusky, Ohio				44870
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (419) 625 - 4121

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common shares, no par value		CIVB		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Sandusky, OH, March 2, 2026 — Civista Bancshares, Inc. ("Civista") (NASDAQ: CIVB) announced on Monday, March 2nd, the retirement of Dennis Shaffer, President and Chief Executive Officer of Civista Bancshares, Inc effective August 28, 2026 and the appointment of Charles 'Chuck' Parcher assuming his role.

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.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibit 99.1 Press release announcing retirement of Dennis Shaffer and appointment of Charles Parcher

Exhibit 104 Cover Page Interactive File-the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

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 hereunto duly authorized.

			Civista Bancshares, Inc.
Date:	March 2, 2026	By:	/s/ Ian Whinnem
			Ian Whinnem, Senior Vice President & Chief Financial Officer

Exhibit 99.1

Civista Bancshares Announces Retirement of Dennis Shaffer; Chuck Parcher to Become CEO

Sandusky, Ohio — Civista Bancshares, Inc. announced today that Dennis Shaffer, President and Chief Executive Officer of Civista Bancshares, Inc. and Chief Executive Officer of Civista Bank, will retire effective August 28, 2026, shortly after his 64th birthday.

At that time, Charles ‘Chuck’ Parcher, current President of Civista Bank, will assume the role of President and Chief Executive Officer of Civista Bancshares, Inc. and Civista Bank. Shaffer will remain actively involved as Chairman of the Board and will continue serving on the Board of Directors to support a seamless leadership transition.

Shaffer’s retirement marks more than 40 years of service in the banking industry. His career reflects a deep commitment to relationship banking, disciplined growth, and community-focused leadership.

“It has been an incredible honor to serve this organization and the communities we support,” said Shaffer. “I believe Civista is in a very strong position. We have a talented leadership team, a more than capable successor in Chuck, and employees across the organization who care deeply about our customers and our communities. That gives me great confidence in the future.”

Under Shaffer’s leadership, Civista strengthened its financial performance, enhanced its capital position, and continued to grow while maintaining its independence. He has consistently emphasized authenticity, accountability, and empathy as guiding leadership principles. In a recent internal interview recognizing his 40 years in banking, Shaffer shared that relationships have been the most rewarding part of his career, noting that the people he has worked alongside and served have been his greatest inspiration.

The Board of Directors initiated formal succession planning more than a year ago when Parcher was named President, positioning the organization for a thoughtful and orderly transition. Parcher has worked closely alongside Shaffer for several years and brings extensive executive leadership experience to the role.

“Dennis has led Civista with integrity, discipline, and a genuine commitment to people,” said Chuck Parcher, President of Civista Bank and incoming President and Chief Executive Officer. “He has been both a colleague and a mentor, and his steady leadership has positioned the bank for continued success. I am grateful for the foundation he has built and that he will remain as Chairman of the Board to help guide this next chapter. I look forward to leading our continued growth and service to our customers, employees, shareholders, and communities.”

The interim transition period reflects the Board’s long-standing commitment to stability and transparency. With numerous years in executive leadership and nearly two years of experience in the President role, Parcher has already assumed significant responsibilities, ensuring continuity in strategic direction and day-to-day operations.

Reflecting on his legacy, Shaffer has said he 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”.

Shaffer’s retirement marks the close of a distinguished career in banking leadership. The Board of Directors extends its sincere appreciation for his years of service and wishes him continued success and fulfillment in retirement.

As Civista enters its next chapter, the Board and executive leadership team remain focused on remaining independent by delivering continued growth, strong financial performance, and long-term value to customers, employees, shareholders, and the communities Civista serves.

About Civista Bancshares

Civista Bancshares, Inc., is a $4.3 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 44 locations across Ohio, Southeastern Indiana and Northern Kentucky. Civista Bank also offers commercial equipment leasing services for businesses nationwide through its Civista Leasing and Finance Division. 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

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 13.9 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 23.3 KB