Civista Bancshares in Sandusky, Ohio, will have a new CEO by the end of this year.
The $1.5 billion-asset company said in a press release Monday that James Miller will retire as CEO at the end of 2017, though he will remain its chairman. Dennis Shaffer, Civista’s president, will succeed Miller.
Shaffer “has the right experience and personal qualities to assume the leadership of Civista,” Miller said in the release. “While I will be stepping back from day-to-day responsibilities, I look forward to contributing to Civista’s success in a modified role.”
Miller, who joined Civista in 1986, became its CEO in 2007. At that time, the company had just $260 million in assets.
Shaffer joined Civista Bank in 2009. He became president in 2014.