Muscatine, IA – At CBI Bank & Trust’s December 19, 2024, Board Meeting, Dwayne W. Sieck was elected to the Board of Directors and named CEO of CBI Bank & Trust, effective January 1, 2025. Mr. Sieck, who previously served as President of CBI Bank & Trust, succeeds Gregory J. Kistler, who retired on December 31, 2024, after more than 28 years of dedicated service.
In addition to his new role at CBI Bank & Trust, Sieck was also elected to the Board of Directors of Central Bancshares, Inc., the bank’s parent company, and appointed as its President and CEO, effective January 1, 2025.
Mr. Sieck brings 27 years of experience in the financial services industry, with a focus on banking, investments, and commercial real estate. His career includes serving two three-year terms as a Bank Director for the Omaha branch of the Kansas City Federal Reserve Bank, concluding in 2023. He also served nine years on The University of Northern Iowa’s Real Estate Advisory Council, including three years as its Chair. Currently, Sieck is active on the Iowa Bankers Association Advocacy & Policy Committee and 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.”
Expressing gratitude for the opportunity, Sieck shared, “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.”
As Sieck takes the helm, CBI Bank & Trust enters a new era of leadership, poised to continue its commitment to excellence in financial services under his guidance.
