Two Iowa-based financial services holding companies have announced changes in their top leadership.
Fort Dodge-based First American Bank announced that its CEO, Tom Schnurr, will retire in August as part of the company's succession plan. He will remain a director of the bank and its holding company, Stark Bank Group Ltd.
The bank's board has named John Fisher, a 23-year veteran of the banking industry and First American's president since 2012, to succeed Schnurr, who has been CEO since 1999. Schnurr "leaves the bank on a very solid foundation and poised to grow safely with the leadership of John Fisher," said C. Richard Stark Jr., the board's chairman.
With assets of approximately $1.1 billion, First American Bank operates from 14 locations in Iowa and four in Southwest Florida. Fisher joined First American Bank in 2008 as its Florida market president.
His appointment to president and CEO is subject to regulatory approval.
Two Rivers Financial Group Inc. announced it has appointed Kent Gaudian as president and CEO of the holding company.
Gaudian, who has served as president of Two Rivers Bank & Trust since 2005, will continue in that role while also serving as Two Rivers Financial Group's president and CEO, the Burlington-based company said in a release. Gaudian succeeds Jim Olson, who resigned as chairman, president and CEO of Two Rivers Financial Group in April 2013.
Two Rivers Financial Group, which owns Two Rivers Bank & Trust and Two Rivers Insurance Co., had consolidated assets of $671 million as of Dec. 31.
The financial services group has offices in several Iowa cities including Des Moines and West Des Moines.