The Board of Directors of Citizens Bank of Pagosa Springs announced Monday that Daniel C. Aupperle has resigned as president and CEO effective Dec. 31. Mr. Aupperle is leaving to pursue other opportunities, although he has agreed to stay with the bank as a consultant for an indefinite period of time.
The board will begin a search for a new president immediately. Senior Vice President Curtis Miller will assume the head of bank functions on an interim basis.
“Dan has been an excellent president for the past 12 years, and we wish him success in his future endeavors,” stated Jann Pitcher, board chairman.
“We thank Dan for the dedication he brought to the bank,” said James G. Fitzgerald, the bank’s principal owner. “He has done a notable job in leading the bank through a period of growth, challenge and change in the Pagosa Springs community.”
Citizens Bank of Pagosa Springs is a community bank headquartered in Pagosa Springs and overseen by a local board of directors. The bank currently has assets of $80 million and is extremely well capitalized with a strong balance sheet. Despite the challenging economic environment, the bank has exceeded regulatory requirements and is operating with strong capital levels. The bank was founded in 1908 and will continue to have a long and rich history serving the Pagosa Springs community.