The Bank Slate


Serial bank acquirer GreenState CU hires new CEO

GreenState Credit Union in North Liberty, Iowa, has a new CEO.

The $11 billion-asset credit union said in a press release that it hired Vikram Israni. He previously served as chief financial officer at Wings Credit Union in Apple Valley, Minn.

GreenState worked with Spencer Stuart to conduct a nationwide search to replace Jeff Disterhoft, who retired. Todd Fanning, GreenState’s CFO, had been serving as interim CEO.

“The board was resolute that we were looking for our next leader to have a strong financial background to help navigate these challenging economic times, but also someone with the charisma and character to lead our growing team,” Fred Mims, GreenState’s chairman, said in the release.

GreenState has acquired three banks, including Midwest Community Bank in 2022. It tried to buy Premier Bank in Nebraska but the state banking regulator blocked the deal.

Wings also has experience with bank acquisitions, buying Settlers Bank in DeForest, Wis.

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