CBI Bank & Trust
Doug Cheatham has extensive experience in the banking industry, with their most recent position being the Executive Vice President, Chief Financial Officer, & Treasurer at CBI Bank & Trust since June 2021. Before that, they served as the Executive Vice President and Chief Financial Officer at Town and Country Bank from March 2018 to October 2020. During their time at Town and Country Bank, Doug led various departments and implemented significant process improvements, resulting in increased core earnings, improved net interest margin, and enhanced efficiency. Prior to that, they held the position of Executive Vice President, CFO, and Board Member at Old Second National Bank from May 1999 to March 2017. During their tenure at Old Second National Bank, Doug successfully transformed the finance and accounting functions and achieved significant staff reductions while assessing profitability and advising on pricing strategies. Lastly, they served as the Executive Vice President and CFO at Merchants Bancorp, Inc. from December 1981 to May 1999. At Merchants Bancorp, Doug played a crucial role in increasing earnings per share, executing an initial public offering, and presenting the company to investors.
Doug Cheatham's education history includes a Master of Science in Finance from Northern Illinois University. Doug also earned a Bachelor of Science in Finance from the same university. Prior to attending Northern Illinois University, it is known that Doug Cheatham attended Drake University, although no specific degree or field of study is provided for their time there.
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CBI Bank & Trust
CBI Bank & Trust is a community banking organization based in Muscatine, Iowa, and a wholly-owned subsidiary of Central Bancshares, Inc., a closely held multi-bank holding company also based in Muscatine. It serves individuals, families and businesses with full range of banking and financial services. Its primary market area is Muscatine, Washington, Johnson and Scott Counties in Iowa, and western Rock Island County in Illinois. Total assets are over $600 million, total employment is approximately 240 FTEs, and it has eleven full-service banking locations: three in Muscatine, two in Davenport, and one each in Coralville, Kalona, Walcott, Washington and Wilton, Iowa, and Buffalo Prairie, Illinois. Specific areas of expertise include Commercial/Business Banking, Ag Banking, Trust and Investments, and Retail/Consumer Banking including mortgage lending. The bank's parent company, Central Bancshares, Inc., also owns F&M Bank, Division of CBI Bank & Trust based in Galesburg, Illinois.