CBI Bank & Trust Elects Dwayne W. Sieck CEO

Muscatine, IA – At CBI Bank & Trust’s December 19, 2024, Board Meeting, Dwayne W. Sieck was elected to the Board of Directors and was appointed CEO of CBI Bank & Trust as of January 1, 2025.  Mr. Sieck previously served as President of CBI Bank & Trust and now succeeds Gregory J. Kistler as CEO.  Mr. Kistler retired from CBI Bank & Trust effective December 31, 2024, after more than 28 years of dedicated service.

The parent company of CBI Bank & Trust, Central Bancshares, Inc., also elected Mr. Sieck to the Board of Directors and appointed him President & CEO of Central Bancshares, Inc. as of January 1, 2025.

Mr. Sieck has been in the financial services industry for the past 27 years with a focus on banking, investments, and commercial real estate.  He completed his second 3-year term on the Kansas City Federal Reserve Bank Board as a Bank Director for the Omaha branch in 2023. Sieck also served nine years on The University of Northern Iowa’s Real Estate Advisory Council, including three years as its Chair.  Currently, Mr. Sieck serves on the Iowa Bankers Association Advocacy & Policy Committee and on the Greater Muscatine Chamber of Commerce and Industry Board of Directors.

"We are thrilled to elect Dwayne as our new CEO of CBI Bank & Trust and President & CEO of Central Bancshares, Inc.," said Daniel Stein, Chairman of the Board. "Dwayne's strategic vision, passion for innovation, and deep understanding of the financial industry make him the ideal leader to guide CBI Bank & Trust into its next chapter."

In response to the appointment, Sieck stated, "I am honored to lead CBI Bank & Trust at such an exciting time. I look forward to working closely with the Board, leadership team, associates and clients to build on the company’s strong foundation and drive future growth."
  
About CBI Bank & Trust
CBI Bank & Trust, based in Muscatine, Iowa, and F&M Bank, a Division of CBI Bank & Trust, based in Galesburg, Illinois, serves approximately 50,000 consumers and businesses through 24 branches, with locations in Bettendorf, Buffalo, Coralville, Davenport, Kalona, Muscatine, Walcott, Washington, and Wilton in Iowa, and Brimfield, Buffalo Prairie, Galesburg, Joy, Moline, Monmouth, Peoria, and Roscoe in Illinois, and Beloit, Wisconsin. Total bank assets exceed    $1.5 billion. In terms of size, this makes CBI Bank & Trust one of the largest locally based banks in our market area and places the bank in the top 10-15% of Iowa banks. In addition, the bank’s Trust and Investment divisions manage combined client assets of over $1.4 billion.