GreenState Credit Union in North Liberty, Iowa, is looking for a new CEO.
The $11.2 billion-asset credit union, a serial bank acquirer, said that Jeff Disterhoft had retired. Todd Fanning, GreenState’s chief financial officer, was named interim CEO.
The credit union hired executive research firm Spencer Stuart to identify a permanent CEO.
Disterhoft, who joined GreenState in 1995, became CEO four years later. Fanning joined the credit union as its CFO in 2012.
“I look forward to seeing GreenState continue to succeed for decades to come,” Disterhoft said in a press release.
Disterhoft’s retirement comes a year after the credit union cut about 5% of its work force, citing the impact that rising interest rates had on its mortgage business.
GreenState has acquired three banks, including Midwest Community Bank in 2022. It tried to buy Premier Bank in Nebraska but the state banking regulatory blocked the deal.