FirstBank CEO, president announce retirements
FirstBank is ushering in the new year with new leadership after its CEO and president announced their retirements Thursday.
CEO John Ikard and president Dave Baker have led the privately-held Lakewood-based bank — Colorado’s secondlargest by deposits — for the last 17 years.
A new leadership team — with newly elected CEO Jim Reuter at the helm — will take the reins Feb. 1. Reuter is currently FirstBank’s chief operating officer and another veteran of the bank, having begun his career there in 1987.
Ron Tilton, regional president for the bank’s Denver and Colorado mountain markets, has been appointed president. Emily Robinson, regional president of the Northwest Denver and California markets, will succeed Reuter as COO, the board of directors announced Thursday.
“It has been an honor to lead FirstBank as CEO and be an active leader in the community, but there is a time and season for everything,” Ikard said in a statement. “I am truly confident as Dave and I pass the reins to the new leadership team they will continue to build on the success FirstBank has experienced over the past 53 years.”
Ikard and Baker will remain on the bank’s board after retirement. The two spent their careers — 35 years — working for FirstBank.
“FirstBank is an outstanding company with talented employees and these management changes will enable us to continue being a premier bank in Colorado,” Baker said in a statement. “Seventeen years is a long time to lead an organization and we’re ready to pass the baton to our colleagues, who’ve already made substantial impacts on FirstBank’s financial performance and community involvement efforts.”
The bank will close 2016 with “record growth and earnings,” board chairman Larry Hauserman said.
“Jim’s experience adapting and guiding technology innovations for the bank, in a quickly evolving industry, makes him a natural choice for CEO,” Hauserman said in a statement. “We know with Jim at the helm, FirstBank will continue to be a successful organization that values its customers and communities.”
Founded in 1963, FirstBank has grown in the years since to become Colorado’s second-largest bank by deposits. With more than 120 locations in Colorado, Arizona and California, it reported total assets of $16.6 billion in the third quarter, an increase of 10.4 percent year over year.
Dave Baker, left, and John Ikard have led Lakewood-based FirstBank for 17 years and will remain on the bank’s board after they retire this winter.