FirstBank, one of the largest privately held banks in the United States, has announced the retirement of its CEO, Jim Reuter, after a 37-year tenure with the organization. The board has elected Kevin Classen, FirstBank’s current president, as the new CEO. Kelly Kaminskas, the chief digital officer, will take over as chief operating officer. Their appointments will be effective beginning March 29.
Classen, who has been with FirstBank since 1998, helped lead the bank’s expansion into Arizona. Kaminskas, who started her career at FirstBank 20 years ago, has held various positions with the bank, including president of retail and digital banking. As the newly elected COO, Kaminskas will oversee the company’s treasury management, marketing, technology and retail operations.
In a statement, FirstBank noted Jim Reuter has been instrumental in leading FirstBank to become nationally recognized for its customer service, digital banking and financial performance. At the end of 2023, FirstBank reported $28.2 billion in total assets and is known for its focus on philanthropic efforts. Reuter will remain on the bank’s board.
