Dennis G. Shaffer has been the CEO of Civista Bancshares since January 1, 2018. He has a solid background in finance, having joined the company in 2009 and climbing the ranks to become President and CEO. Under his leadership, Civista...
Dennis G. Shaffer has been the CEO of Civista Bancshares since January 1, 2018. He has a solid background in finance, having joined the company in 2009 and climbing the ranks to become President and CEO. Under his leadership, Civista has grown significantly, now operating as a $3.0 billion financial holding company based in Sandusky, Ohio. Shaffer's strategic approach is evident in his focus on performance metrics which include net income and efficiency ratios, guiding the company toward consistent growth. His annual compensation in 2023 reached over $1 million, showing just how aligned his interests are with the company's success. Interestingly, Shaffer is also active in buying shares, with significant purchases noted throughout late 2021 and into 2024, suggesting he believes in the company. For example, in a single month of July 2022, he acquired shares worth over $600K. This reflects his commitment not just to the company but to his own financial stake in its future. Civista Bancshares is traded on the NASDAQ under the symbol CIVB, providing transparency in its operations and performance under Shaffer's guidance.