On April 22, 2021, First Bankers Trustshares, Inc. (the “Company”) announced the appointment of Seth Runkle as Chief Financial Officer (CFO) effective on or about June 1, 2021. Mr. Runkle will also serve as the Chief Financial Officer for First Bankers Trust Company, N.A. which is a wholly-owned subsidiary of the Company. Tom Frese, the current bank Chief Financial Officer, as planned, will step down as CFO, but continue with the bank until his retirement at the end of 2021.
Mr. Runkle has been serving as the Chief Financial Officer for City and County of Denver’s Department of Transportation and Infrastructure since November 2018. Prior to then, he served 21 years with Citigroup in a variety of finance/accounting positions in the United States, Europe and Latin America. He has extensive bank management and executive leadership experience. .
"After a comprehensive search process, we are excited to add Seth Runkle to the leadership team of First Bankers Trustshares, Inc. and First Bankers Trust Company, N.A," said Allen Shafer, President and CEO of First Bankers Trustshares, Inc. "We are extremely thankful for Tom’s decades of service to our company and are confident that Seth is the best candidate to fill those responsibilities."
"I am extremely thankful to the Company for this opportunity and look forward to contributing to a stable, growing company," said Runkle. "This is a wonderful community that my family and I are thrilled to be coming back to the Midwest."
Runkle holds a bachelor's degree in finance from Western Illinois University in Macomb, Illinois. Additionally, he served as Sergeant, 7th Battalion, 1st Field Artillery in the US Army Reserves.
About First Bankers Trustshares, Inc.
First Bankers Trustshares, Inc. is a bank holding company owning First Bankers Trust Company, N.A. The Company was incorporated on August 25, 1988, and is headquartered in Quincy, Ill. First Bankers Trustshares, Inc. is a publicly held company whose common stock is traded over-the-counter under the symbol FBTT. For more information, visit http://fbti.firstbankers.com.
About First Bankers Trust Company, N.A.:
Headquartered in Quincy, Ill., First Bankers Trust Company, N.A., a wholly-owned subsidiary of First Bankers Trustshares, Inc., is a community-oriented commercial bank offering a variety of financial services to meet the needs of the communities it serves, including personal banking, residential mortgage loans, consumer loans, small business loan and agricultural loans. The bank has branch locations in Quincy, Macomb, Mendon, Carthage, Rushville, and Springfield, Illinois as well as a Loan Production office in O’Fallon, Illinois. It is the largest bank in Adams County. For more information, visit https://www.firstbankers.com.
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