(Muscatine, IA) Jim Watts recently joined Central Bancshares, Inc. as Chief Operations Officer.  Reporting to Greg Kistler, President and CEO, he is responsible for all operations, client services, data processing and information technology functions of the Muscatine-based organization.

 

A 30+ year industry veteran, Watts served in a senior management capacity with a number of banking organizations.  Most recently he was Senior Vice President and COO of West Texas National Bank, a $1.2 billion (assets) multi-branch financial institution based in Midland, Texas.

 

“We are pleased to have Jim join our organization,” Kistler said.  “His background, experience and leadership will be invaluable to us as we continue to grow both through acquisition and through the organic growth of our existing bank charters.”

 

Watts and his spouse, Chris, are originally from the Chicago area and their family is relocating to Muscatine.

 

Central Bancshares, Inc. is a $785 million (assets) privately-held parent company of two wholly-owned subsidiary banks: F&M Bank, based in Galesburg, Illinois, and CBI Bank & Trust, located in Muscatine, Iowa. Together they serve approximately 40,000 households and businesses through 12 banking centers located in Galesburg, Peoria and Buffalo Prairie, Illinois, and Coralville, Kalona, Muscatine, Washington and Wilton, Iowa.  The company recently announced the proposed acquisition of Brimfield Bank, Brimfield, Illinois, which will lift total assets to over $800 million and add a 13th banking location.