Parkway Bank unveils new executive team, expands senior leadership

Chicago-based Parkway Bank announced a new executive team after raising $350 million to repurchase Parkway stock and fund the bank’s “next chapter of growth.”.Chip Reeves, former CEO of Iowa City, Iowa-based MidWestOne Bank, was named Parkway’s president and CEO. Before MidWestOne, Reeves held C-suite roles for banks in Florida and Oregon after several years as a successful Fifth Third Bank executive..David Provost was named Parkway’s executive chair and Dennis Klaeser was named executive vice chair. Provost was CEO of Detroit-based TCF Financial Corporation during its 2021 merger with Huntington Bank. He held C-suite roles in Chemical Bank and several other Michigan banks including two he cofounded earlier in his career: Talmer Bank and Trust, and The Bank of Bloomfield Hills. Klaeser served as CFO alongside Provost at several of the same institutions..Since the executive team was formed, Reeves has shared other high-level hires, including Bruce Comiskey as EVP of commercial banking and market president for the Chicago region, and Scott Parsons as SVP and head of sponsor finance.