Regina-based Concentra Bank on Wednesday announced the appointment of Don Coulter as president and CEO.
Coulter has resigned from his position as CEO of Surrey, B.C.-based Coast Capital Savings Credit Union. He plans to begin his role at Concentra in March 2018.
Concentra is the wholesale bank and trust company for Canada’s credit unions.
Coulter joined Coast Capital in September 2009 as chief financial officer and was appointed CEO in 2014 after an extensive national and international search.
“Don’s outstanding leadership ability, strong financial acumen and extensive expertise, particularly within the credit union system, stood out all the way through our search process,” says Daniel Johnson, chairman of the Concentra board of directors in a statement.
“As we enter this next chapter, Don will build on Concentra’s success and guide the company toward continued growth and value within the credit union system,” adds Johnson.
The Concentra board extends thanks to Spencer Stuart for assistance in the recruitment process, and to Brian Guillemin for his interim leadership and guidance of Concentra. Guillemin will resume his previous position as executive vice president, corporate services upon Coulter’s arrival.
Coast Capital announced the appointment of Bruce Schouten, chief risk officer to be interim president and CEO, effective Wednesday.
Schouten joined Coast Capital in January 2016, and has more than 20 years of experience in the financial services industry. Prior to joining the credit union, he held senior leadership positions at both Toronto-Dominion Bank and the Office of the Superintendent of Financial Institutions.