CLINTON — Thomas D. Soenksen, president and CEO of CFB Holding Company, has announced his retirement following a long career in banking in the greater Clinton community.
Soenksen, whose retirement became effective Feb. 1, was instrumental in all facets of the formation of Citizens First Bank. In 1999, the vision for Citizens First Bank started to take shape. In a matter of six months, the organizing group raised capital, acquired a building, hired employees and received regulatory approval for operation of the new bank. Soenksen was president and CEO of the bank from March 2000 to July 2015.
To aid in bank growth, CFB Holding Company was formed in 2002. In 2015, Soenksen devoted primary focus on strategic initiatives in his role as president and CEO of CFB Holding Company. At that same time, Kathy Forrest assumed the role of Citizens First Bank president, taking responsibility for day-to-day operations.
Both Soenksen and Forrest have been key executives with Citizens First Bank since its inception and integral parts of the bank’s growth and success. Citizens First Bank has grown to nearly $200 million in assets and three local branches since 2000.
During his tenure, Soenksen has not only served the bank and holding company, but he turned his attention to the community by serving on the board of directors of the Clinton Regional Development Corp., Clinton YMCA, the Clinton Area Chamber of Commerce, River King/Queen Boosters, and the Clinton Country Club.
“Citizens First Bank would not have been created and would not exist today were it not for Tom Soenksen," said John McEleney, current chairman and one of the original organizers. "He has been a force in the Clinton financial community for decades and I am grateful for his unparalleled contribution to the success of our institution and for his generous support of the Gateway community.”
“We wish Tom the very best during his retirement," Forrest said. "His values and leadership are instilled in each of us here at the bank, and we are grateful for his leadership and vision. We consider ourselves very fortunate to have had the privilege of working with Tom over the last 18 years.”