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Banking Essentials Newsletter: September Edition


Top banking moves: Citi CFO to retire; Great Western Bancorp names COO

S&P Global Market Intelligence presents a weekly news summary of executive management and board chair-level changes in the bank and thrift industry.

Sept. 5

Following the completion of Topeka, Kan.-based Capitol Federal Financial Inc.'s acquisition of in-state peer Capital City Bancshares Inc., Capital City President and CEO Bob Kobbeman will lead the combined entity's new commercial banking division.

Sept. 4

Citigroup Inc. CFO John Gerspach is set to retire from the company in March 2019. He was named CFO in the summer of 2009.

Mark Mason, who is the current CFO of company's institutional clients group, will replace Gerspach.

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Kent Jehle retired as chief credit officer of Iowa City, Iowa-based MidWestOne Financial Group Inc. and unit MidWestOne Bank.

The role was taken over by Gary Sims, who was named senior vice president of credit administration for the company and the bank effective June 25.

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John Jessen became executive vice president and chief retail banking officer of Fargo, N.D.-based BlackRidgeBANK. He previously was director of retail banking at the BlackRidge Financial Inc. unit.

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Blondel Pinnock stepped down as senior vice president and chief lending officer of New York-based Carver Bancorp Inc. and subsidiary Carver Federal Savings Bank to pursue other opportunities.

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Robert Hill was named chairman of Sterling, Ill.-based Sauk Valley Bank & Trust Co., SaukValley.com reported.

Hill, who has been board vice president since 2006, replaces Ronald Gerken. Gerken will remain a director at the SV Financial Inc. unit.

Aug. 31

In addition to his role as president, Kurt Gibson was named CEO of Ankeny, Iowa-based Community State Bank, a subsidiary of QCR Holdings Inc.

Gibson replaced Ron Nagel, who will transition to an advisory role.

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Jennifer Pearson was named senior vice president and chief accounting officer of Los Alamos, N.M.-based Trinity Capital Corp. and unit Los Alamos National Bank.

Pearson had been serving as manager of financial reporting and analysis at Los Alamos National Bank since May 2016.

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Carl Ricketts will retire as executive vice president and chief corporate services officer of Topeka, Kan.-based Capitol Federal Savings Bank in February 2019.

Anthony Barry, who previously was a partner in Barry Law Offices LLC and president of Associates Management Corp., will succeed Ricketts.

Aug. 30

Sioux Falls, S.D.-based Great Western Bancorp Inc.'s appointment of Doug Bass as president and COO will take effect Oct. 1.

Bass has been serving as the company's executive vice president and regional president since 2010.