MUSCATINE, Iowa – CBI Bank & Trust has welcomed John Clark as executive vice president, Private Wealth Group, effective Nov. 1.
Mr. Clark brings deep expertise to his new role, having spent more than 35 years in the banking and financial services industry. Most recently, he served as executive vice president of Cogent Private Wealth for Cogent Bancorp, Inc.
A graduate of the University of Missouri-Columbia, Mr. Clark holds a Bachelor of Science in finance.
“We are thrilled to welcome John to our team. With his extensive experience leading private wealth, he brings a fresh perspective that aligns perfectly with our goals for growth and innovation,” Doug Sanders, CBI executive vice president and chief operating officer, said in a news release.
CBI Bank & Trust is 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. Locations include 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.
With total bank assets exceeding $1.5 billion, CBI is one of the largest locally-based banks in the region and ranks in the top 10-15% of Iowa banks. In addition, its Trust and Investment divisions manage combined client assets of more than $1.4 billion. Muscatine-based Central Bancshares is the bank’s parent company.
