Daily News: May 2, 2019

First Bank Taps Seifert as CEO


Shelley Seifert, former COO of First Bank, has taken over the position of chairman and CEO.

Seifert will assume day-to-day leadership responsibilities and will also serve as CEO and president of FB Corporation, the holding company of First Bank. Former CEO Tim Lathe informed the board of directors in 2018 of his plans to retire in July 2019.

“Tim has done an outstanding job establishing a strong foundation of growth for First Bank and making substantial progress solidifying us as the bank of choice for family-owned businesses,” said Seifert. “I am honored to be his successor to continue to develop comprehensive solutions that help our clients achieve their long-term financial goals.”

Seifert joined First Bank in October 2014 as executive vice president and chief administrative officer. In August 2015, she was promoted to COO where she oversaw Retail Banking, Technology, Operations, Human Resources, Marketing and more. Prior to her position at First Bank, Seifert served as executive vice president of Integrations and Operations at PNC Financial Services in Pittsburgh.

As a family-owned business for four generations, First Bank has $6.1 billion in assets and 94 locations throughout California, Missouri and Illinois.