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Civista Bancshares (NASDAQ: CIVB) names new CEO as 40-year vet shifts to chair

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Civista Bancshares, Inc. (CIVB) announced the completion of its planned leadership succession. Effective August 31, 2026, Charles A. “Chuck” Parcher has assumed the role of President and Chief Executive Officer of Civista Bancshares, Inc. and Civista Bank, succeeding Dennis G. Shaffer, who has retired from his CEO roles after more than 40 years in banking. Shaffer will remain Chairman of the Board and continue serving on Civista’s Board of Directors, supporting continuity. The transition follows a formal succession process that began in January 2025, when Parcher was named President of Civista Bank and Executive Vice President of Civista Bancshares. Civista describes itself as a $4.3 billion financial holding company with 44 banking locations across Ohio, Southeastern Indiana and Northern Kentucky, and commercial equipment leasing services offered nationwide.

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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.
Company size $4.3 billion Described company size as a financial holding company
Branch locations 44 locations Civista Bank locations across Ohio, Southeastern Indiana and Northern Kentucky
Effective date of leadership transition August 31, 2026 Date Parcher assumed President and CEO roles
Succession process start date January 2025 Start of formal CEO succession process
Parcher banking experience more than 38 years Total banking experience of new CEO Chuck Parcher
Shaffer industry tenure more than 40 years Banking industry experience of retiring CEO Dennis G. Shaffer
Year founded 1884 Founding year of Civista Bank
Trading symbol CIVB Common shares listed on The Nasdaq Stock Market LLC
financial holding company financial
"Civista Bancshares, Inc., is a $4.3 billion financial holding company"
A financial holding company is a parent firm that owns and oversees banks and other financial businesses, such as lending, insurance, or investment services. It matters to investors because it bundles several money-making activities under one roof—like a parent managing several children—so returns, risks, and regulatory rules for banking apply to the whole group; trouble in one unit can affect the company’s profits, capital needs, and dividends.
succession process financial
"Civista began its formal succession process in January 2025"
wealth management services financial
"provides full-service banking, commercial lending, mortgage, and wealth management services"
Wealth management services are personalized financial planning and investment assistance designed to help individuals grow and protect their wealth over time. Similar to having a trusted guide for a complex journey, these services coordinate various financial needs—such as investing, estate planning, and tax strategies—to ensure a person's financial goals are met efficiently and smoothly. They matter to investors because they help make informed decisions and manage wealth more confidently and effectively.
commercial equipment leasing financial
"offers commercial equipment leasing services for businesses nationwide"
Chairman of the Board financial
"Shaffer will remain Chairman of the Board and continue serving"
Chairman of the board is the person who leads a company’s board of directors, setting meeting agendas, guiding discussions and ensuring the board supervises management’s strategy and risk decisions. Investors care because the chair’s leadership and style influence how well shareholder interests are protected, how quickly strategic choices are made, and the company’s overall accountability—like a team captain shaping group performance.

FAQ

What leadership change did CIVB announce in this Form 8-K?
Civista Bancshares announced that Charles A. “Chuck” Parcher has become President and CEO of Civista Bancshares, Inc. and Civista Bank, effective August 31, 2026, completing a previously announced leadership transition.

What is Dennis Shaffer’s new role at Civista Bancshares (CIVB)?
Dennis G. Shaffer has retired as President and CEO of Civista Bancshares and CEO of Civista Bank, but will remain Chairman of the Board and continue serving on Civista’s Board of Directors.

When did Civista Bancshares (CIVB) begin its CEO succession process?
Civista began its formal succession process in January 2025, when Chuck Parcher was named President of Civista Bank and Executive Vice President of Civista Bancshares and started assuming greater responsibility for strategy and operations.

What is the size of Civista Bancshares (CIVB) as described in the filing?
Civista Bancshares is described as a $4.3 billion financial holding company headquartered in Sandusky, Ohio, reflecting the size of its consolidated balance sheet.

How extensive is Civista Bank’s branch network according to the 8-K?
Civista Bank operates 44 locations across Ohio, Southeastern Indiana and Northern Kentucky, and also provides commercial equipment leasing services nationwide through its Civista Leasing and Finance Division.

What exchange does Civista Bancshares (CIVB) trade on?
Civista Bancshares’ common shares trade on The Nasdaq Stock Market LLC under the symbol CIVB, as stated in the filing.

How much banking experience does new CEO Chuck Parcher have at CIVB?
Chuck Parcher has more than 38 years of banking experience and joined Civista in 2016, following leadership roles at FirstMerit, Sky Bank and Huntington Bank.

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

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false000094474500009447452026-08-312026-08-31

 

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): August 31, 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, Ohio, August 31, 2026 — Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") today announced the completion of its previously announced leadership transition. Charles A. "Chuck" Parcher has assumed the role of President and Chief Executive Officer of Civista Bancshares, Inc. and Civista Bank, effective today.

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 Civista Bancshares Completes Leadership Transition; Chuck Parcher Assumes Role as President and CEO

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:

August 31, 2026

By:

/s/ Ian Whinnem

 

 

 

Ian Whinnem,
Senior Vice President & Chief Financial Officer

 

 

Exhibit 99.1

 

Civista Bancshares Completes Leadership Transition;

Chuck Parcher Assumes Role as President and CEO

Dennis Shaffer retires following more than 40 years in banking and will continue serving as Chairman of the Board

 

SANDUSKY, Ohio, August 31, 2026 — Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") today announced the completion of its previously announced leadership transition. Charles A. "Chuck" Parcher has assumed the role of President and Chief Executive Officer of Civista Bancshares, Inc. and Civista Bank, effective today.

Parcher succeeds Dennis G. Shaffer, who has retired as President and Chief Executive Officer of Civista Bancshares and Chief Executive Officer of Civista Bank following more than 40 years in the banking industry. Shaffer will remain Chairman of the Board and continue serving on Civista's Board of Directors.

"This transition is the result of careful planning and a strong partnership with Chuck and our leadership team," said Shaffer. "Chuck knows this company, understands our markets and shares Civista's commitment to serving our customers and communities. I am proud of what our team has accomplished and confident in Chuck's leadership."

Civista began its formal succession process in January 2025, when Parcher was named President of Civista Bank and Executive Vice President of Civista Bancshares. Since then, he has worked closely with Shaffer and assumed increasing responsibility for Civista's strategic direction and day-to-day operations.

"I am honored to lead Civista and grateful for the trust our Board and team have placed in me," said Parcher. "Dennis has built a strong foundation and has been a valued mentor and partner. We will continue to focus on sound performance, thoughtful growth, and the relationships that have shaped Civista for more than 140 years."

Parcher joined Civista in 2016 and has more than 38 years of banking experience. Before joining Civista, he held leadership positions with FirstMerit, Sky Bank and Huntington Bank, with responsibility for commercial banking operations across Northwest Ohio, Southeast Michigan and Western Indiana.

He earned his Master of Business Administration from the University of Toledo and his bachelor's degree in finance and economics from Miami University. Parcher has also served in leadership roles with several community organizations, including the YMCA of Greater Toledo, ProMedica Toledo Metropolitan Hospitals, Firelands Regional Medical Center, and the Toledo Regional Chamber of Commerce.

During Shaffer's tenure, Civista strengthened its financial performance and capital position while continuing to grow and maintain its independence. His leadership emphasized accountability, empathy and a commitment to the customers, employees and communities Civista serves.

"Serving Civista has been one of the great privileges of my career," Shaffer said. "I am grateful to our employees, customers, shareholders and communities for the trust they have placed in us. I look forward to continuing to support Civista and Chuck in my role as Chairman."

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:

Chuck Parcher

President and CEO

Civista Bancshares, Inc.

888-645-4121

Source: View Original Filing on SEC EDGAR

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