Kevin Yepsen, president and chairman of the board of Galva Investment, Inc., the holding company for Community State Bank, has announced leadership changes at the bank.

Kevin Yepsen, president and chairman of the board of Galva Investment, Inc., the holding company for Community State Bank, has announced leadership changes at the bank.

Yepsen is promoting Tim Nimrick to the position of president of Community State Bank and Luke Hawkins to the position of chief executive officer of the bank — both positions Yepsen previously held before electing to focus his services exclusively at the bank’s holding company level.  

Nimrick has been serving as a vice president at Community State Bank since 2009. His role as president will emphasize his background in commercial lending and bank product offerings as he will oversee all lending functions at the bank and provide leadership for all revenue generation strategies throughout the bank. He will also provide oversight of CSB Insurance Services and CSB Investment Services.

As CEO, Hawkins will be responsible for day-to-day operations of the bank to include regulatory interactions, compliance, accounting, tax, asset and liability management, pricing, audit, and the bank’s investment portfolio.  Hawkins has been with CSB since 2006 serving at its chief financial officer for the past nine years.  

“I am very proud of our growth as an organization,” Yepsen said. “In my 28 years as bank president and CEO, Community State Bank grew from a $12 million bank to a well-capitalized $220 million bank. As we have grown, it has been necessary to regularly review and realign responsibilities so the organizational structure continues to support and strengthen bank operations. These changes are the next step in our ongoing growth as an organization.”  

As part of Yepsen’s restructuring initiative, he relocated to Galva Investment, Inc.’s newly renovated office space at 300 Main St. in Galva. While Yepsen will remain heavily involved in long-term planning and the overall growth of the organization, he will no longer be active in the day-to -day operation of the bank.

Community State Bank is a $220 million bank with two offices in Kewanee, and offices in Galva, Neponset and Franklin. CSB regularly employs 46 full-time and six part-time employees across all five offices and the insurance and investment divisions. CSB opened on Nov. 3, 1980.