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.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Civista Bancshares CEOs

C

Dennis G. Shaffer

CEO of Civista Bancshares

Education

MBA from University of Toledo

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

October 10, 1962 - 62 years ago

CEO of Civista Bancshares for

7 years 4 months (Jan 2018 - Present)

Previous Experience

Executive Vice President at Civista Bank

Rivals

Competitors/colleagues of Dennis G. Shaffer

U

Richard M. Adams, Jr.

CEO of United Bankshares

2023 Compensation

Stock

$609.36K

Salary

$1.00M

Bonus

$1.09M

Other

$59.30K

Total Holdings

$6.01M

F

Van A. Dukeman

CEO of First Busey Corporation

2023 Compensation

Stock

$0.00

Salary

$725.00K

Bonus

$561.88K

Other

$51.10K

Total Holdings

$9.87M

S

Christopher J. McComish

CEO of S&T Bancorp

2023 Compensation

Stock

$150.00K

Salary

$350.00K

Bonus

$70.00K

Other

$20.00K

Total Holdings

$715.40K

H

Keith A. Wilton

CEO of Heritage Commerce

2021 Compensation

Stock

$268.63K

Salary

$154.31K

Bonus

$0.00

Other

$1.48M

Total Holdings

$1.01M

P

George M. Pereira

CEO of Pacific Premier Bancorp

2022 Compensation

Stock

$2.05M

Salary

$950.00K

Bonus

$522.50K

Other

$0.00

Total Holdings

$185.07K

Holdings

See how much did Dennis G. Shaffer make over time.

Dennis G. Shaffer has been an active participant in the stock market, particularly with Civista Bancshares. Over the years, he has made significant stock purchases, with notable amounts in 2021 and 2022. For instance, in July 2022 alone, his share...

Dennis G. Shaffer has been an active participant in the stock market, particularly with Civista Bancshares. Over the years, he has made significant stock purchases, with notable amounts in 2021 and 2022. For instance, in July 2022 alone, his share purchases totaled over $600K, demonstrating confidence in his company. His holdings peaked as he acquired shares worth an impressive $610.81K in March 2022 and remained strong with other purchases exceeding $500K each month. This active involvement in the company’s stock indicates a strong personal investment in future growth, which aligns closely with his role as CEO. Shaffer's strategy appears focused on building long-term wealth for himself and shareholders alike, backing his leadership decisions financially.

Insider Trading

See recent insider trades of Dennis G. Shaffer.

CIVB

4,262 shares

CIVB

Mar 12, 2024

Received

CIVB

8,225 shares

CIVB

Mar 14, 2023

Received

CIVB

3,853 shares

CIVB

Mar 2, 2022

Received

CIVB

5,968 shares

CIVB

Mar 3, 2021

Received

CIVB

3,276 shares

CIVB

Mar 13, 2020

Received

CIVB

2,403 shares

CIVB

Mar 14, 2019

Received

CIVB

1,572 shares

CIVB

Apr 10, 2018

Received

CIVB

1,570 shares

CIVB

Mar 20, 2017

Received

CIVB

2,468 shares

CIVB

Apr 25, 2016

Received

Compensation History

See how much did Dennis G. Shaffer make over time.

Dennis G. Shaffer's compensation package for 2023 was notable, exceeding $1 million. His salary was around $540K, coupled with a significant performance-based bonus structure that can see him earning more based on the company’s achievements. In addition to his base salary, he received vested stock awards valued at approximately $180K, further increasing his overall earnings. His compensation package reflects performance metrics tied to the company's success, ensuring his interests are aligned with those of shareholders. Throughout his tenure, his compensation has steadily increased, showing his rising importance within the company. This structure not only rewards him for past performance but motivates him to continue driving the company forward.

Year

2022

Total Compensation

$883.97K

Salary

$513.46K

Board Justification

The Corporation’s compensation program aims to attract, retain, and motivate key employees while aligning their interests with those of shareholders through performance-based incentives.

Bonus

$231.06K

Board Justification

Discretionary bonus based on the Corporation’s performance measures including net income, efficiency ratio, total loans, and average deposits for the fiscal year 2022.

Other

$45.01K

Board Justification

Includes matching contributions and profit-sharing contributions allocated under the 401(k) plan, life insurance premiums, long-term disability insurance, and dividends received from restricted common shares prior to vesting.

Restricted Stock

$94.44K(3.85K Restricted Common Shares)

Board Justification

Restricted common shares granted under the 2014 Incentive Plan that vested in 2022.

Performance Metrics

Net income, efficiency ratio, total loans, and average deposits.

Other Civista Bancshares CEOs

Here are other CEOs of Civista Bancshares

James O. Miller

Ex-CEO of Civista Bancshares

January 2010 - December 2017