Centennial Bank and Trust Announces Executive Appointment
February 08 2016 - 9:30AM
Business Wire
Steven E. Ward will join the bank as
President
Centennial Bank and Trust has announced the appointment of
Steven E. Ward to the position of President. Ward will join the
bank effective immediately from Illinois Bank & Trust in
Rockford, Illinois where he has served as President and CEO for
nearly eight years. Both Centennial Bank and Trust and Illinois
Bank & Trust are subsidiaries of Heartland Financial USA, Inc.,
a Dubuque, Iowa-based community bank holding company.
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Steven E. Ward, President and CEO,
Centennial Bank and Trust (Photo: Heartland Financial USA
Inc.).
Ward joins a management team led by Kevin Ahern who serves as
Executive Chairman of the Board, John Rhoades as Vice-Chairman of
the Board, formerly President and CEO of Summit Bank & Trust,
and Jim Basey as Chief Executive Officer.
In a merger agreement announced in October 2015 and completed
February 5, 2016, CIC Bancshares, Inc., parent company of
Centennial Bank, was acquired by Heartland Financial USA, Inc.
(NASDAQ: HTLF). Simultaneously, Centennial Bank was merged with
Summit Bank & Trust in Broomfield, Colorado to form a $900
million asset commercial bank named, “Centennial Bank and Trust,”
with 17 banking locations in metro Denver and mountain
communities.
Kevin Ahern, Executive Chairman of Centennial Bank and Trust
said, “We welcome Steve Ward to our bank and the state of Colorado.
Steve brings an exceptional repertoire of commercial banking skills
to the position, including extensive credit and business
development success. His significant banking experience will
help maintain our growth rate and create a roadmap for continued
growth.”
Prior to his appointment at Centennial Bank and Trust, Ward
served for eight years as President and CEO of Illinois Bank &
Trust, a $757 million asset community bank with 11 banking centers
in northern Illinois. During his tenure, the bank grew organically
and through acquisition by 182 percent in total loans and by 219
percent in total deposits. During the same period, the bank doubled
its market share in the Rockford MSA to 6.5 percent. Ward oversaw
the name change from Riverside Community Bank to Illinois Bank
& Trust and managed the acquisition of Freedom Bank locations
in Sterling, Seaton and Rock Falls as well as the merger with a
sister bank, Galena State Bank & Trust, with locations in
Elizabeth, Stockton and Galena.
Ward said, “I am honored to have the opportunity to serve as
President of Centennial Bank and Trust. The economic environment in
Colorado is one of the best in the United States and I am eager to
assist with the bank’s growth momentum.”
Prior to joining Illinois Bank & Trust, Ward was Senior Vice
President and Regional President at AMCORE Bank for nearly six
years. In that role, he coordinated regional sales activities
across all business lines. While there, Ward served as Senior Vice
President and regional commercial team leader.
Previously, Ward worked at American National Bank and Trust
Company in Chicago, Illinois. There he served in several roles
including, senior underwriter, First Vice President and was
responsible for oversight of underwriting for $875 million in loan
commitments. He was also manager of American National Bank’s
Rockford commercial division.
Ward earned an MBA with concentrations in finance and marketing
from DePaul University and a bachelor’s degree in finance from
Illinois State University. In the community, Ward has served as a
member of the Rockford Area Economic Development Council Board of
Directors, the Rockford Local Development Corp. Board of Directors,
the Illinois Bankers Association Board of Directors and the
Rockford Hockey Club where he served as treasurer and hockey
coach.
About Centennial Bank and TrustCentennial Bank and Trust
is a growing Colorado bank with more than $900 million in assets
and a total of 17 branch locations. The bank provides
relationship-first banking services to businesses and individuals
throughout the Colorado Front Range, foothills and attractive
mountain communities. As entrepreneurs, the bank seeks to meet the
needs of businesses large and small, established and growing,
through innovative solutions informed by local knowledge. As a
community minded bank, the interests of customers, shareholders,
and communities are at the forefront of the bank’s values.
Centennial Bank and Trust is a subsidiary of Heartland Financial
USA, Inc. For more information, please visit
www.CentennialBanking.com.
About Heartland Financial USA, Inc.Heartland Financial
USA, Inc. is a diversified financial services company with assets
exceeding $8 billion. The company provides banking, mortgage,
private client, investment, insurance and consumer finance services
to individuals and businesses. Heartland currently has 108 banking
locations serving 85 communities in Iowa, Illinois, Wisconsin, New
Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri,
Texas and California, with mortgage loan production offices in
California, Nevada and Idaho. Additional information about
Heartland Financial USA, Inc. is available at www.htlf.com.
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For Centennial Bank and TrustAimee Miller Marketing and
CommunicationsAimee Miller,
303-549-9034aimee@aimeemillermarketing.com
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