Bankers Trust, the largest Iowa-based bank by assets, officially has named its new chief executive.
Don Coffin, the bank’s president, will take over as CEO on Jan. 3, 2018. Coffin will retain his role as president and replace Suku Radia, who has served as CEO for 10 years.
Radia will retire at the end of this year. Before joining Bankers Trust, he was the chief financial officer for Des Moines-based media company Meredith Corp.
Bankers Trust named Coffin as its president in March 2016 and became the appointed successor to Radia. Coffin joined the bank in 2008.
The bank has about $4.2 billion in assets, $605 million of which is held by its Cedar Rapids operations, a spokesman said. Bankers Trust has 50 employees in Cedar Rapids and two branches, one on Blairs Ferry Road and the other in CRST’s new headquarters building in downtown Cedar Rapids.
“As I move into the CEO role, I’m proud of the growth we’ve had in the Cedar Rapids market, under the leadership of Pat Deignan, our Cedar Rapids Market President,” Coffin said in a statement provided to The Gazette.
The bank had maintained two separate bank charters in Des Moines and Cedar Rapids until it combined them early last year.
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