Central Bank of Kansas City on Wednesday announced that Steve Giles will succeed Bill Dana as President and CEO of the Northeast based financial institution. Dana has served as CEO of Central Bank since 1991. He will remain with the bank on a full time basis as he transitions to Vice Chair of Central Bank’s Board of Directors.
“We have had a lengthy search to find just the right candidate to take the reins of CBKC”, said Bill Dana. “Steve emerged as the clear cut choice and we believe his experience and passion for community banking is the perfect fit to lead Central Bank into the future.”
Giles is no stranger to the banking industry in Kansas City having served in leadership positions at Lawson Bank, Freedom Bank and most recently Bank Liberty prior to its recent sale.
“Central Bank has a long history of supporting the Kansas City community” Giles said. “We’re excited about the opportunities the CDFI (Community Development Financial Institution) designation and the bank’s central payment’s division provide for the future.” Giles said.
Under Dana’s leadership the bank has received nine allocations of New Markets Tax Credits totaling $456-million. Those tax credits are designed to spur economic growth in traditionally distressed areas, providing loans, investments and financial counseling to low income rural communities.
Dana has also been instrumental in the continued growth and development of the Northeast Kansas City Chamber of Commerce and the Independence Avenue Community Improvement District.
“Bill has been a tremendous, hands-on supporter of the Northeast Chamber as well as the development of the Independence Avenue Community Improvement District” said Bobbi Baker-Hughes, President of the Northeast Chamber and CEO of the IACID. “That said, we look forward to Steve coming on board and becoming part of the Historic Northeast community.