Central Bancshares in Muscatine, Iowa, has finalized the succession plan for its CEO.
Central said in a press release that Dwayne Sieck had become president of its $1.2 billion-asset CBI Bank & Trust, succeeding Greg Kistler.
Sieck will also succeed Kistler as Central’s president and CEO and CBI Bank’s CEO on Dec. 31.
“Dwayne is uniquely qualified to succeed Greg, who has been our CEO since 2010,” Dan Stein, Central’s chairman, said in the release. “The opportunity for them to work together over the coming year will ensure a smooth transition for the leadership of our company.”
Sieck is the founder of Farnam Street Real Estate Capital in Omaha, Neb. Before that, he was the president and chief operating officer of Mutual of Omaha Bank.