Image via Premier Valley Bank

Fresno’s Premier Valley Bank announced a leadership transition on Tuesday, with current President and CEO Lo B. Nestman taking a promotion with parent company Heartland Financial USA.

Nestman has accepted a position as the head of retail, marketing, wealth management and private banking for Heartland Financial, or HTLF Bank, the Denver-based institution that acquired Premier Valley Bank for $95.1 million in 2015.

Nestman joined Premier Valley Bank in April 2019.

 

“Lo has delivered significant growth and provided leadership on numerous successful initiatives across the organization…,” said Bruce K. Lee, president and CEO of Heartland Financial, which has assets of $20.1 billion. “We’re thankful for his years of dedication and leadership and congratulate him on this exciting new step in his career.”

David Triplitt, Premier Valley Bank’s head of commercial, has been named the bank’s new president and CEO. He’s successfully led the commercial banking team at Premier Valley Bank for more than two years and brings over 30 years of banking experience and relationships in the Central Valley to the role.

 

“David is a great asset to the bank, our customers and the community,” said Nestman. “We are excited about the local knowledge, passion and dedication he brings to the role. Under David’s leadership, Premier Valley Bank will continue to deliver Strength, Insight and Growth to our customers across California.”

Founded in 2001, Premier Valley Bank has assets of more than $1 billion.