Investment firm shakes up leadership team, names co-CEOs

BELLEAIR BLUFFS — After 10 years of leading Seminole Financial Services, founder and CEO Bob Banks has stepped back from his role and will become chairman of the firm, which provides financing for renewable energy and multifamily housing projects nationwide. 

According to a press release, SFS executive vice presidents Chris Diaz and Tim Fetter have been promoted and will serve as co-CEOs, while Ron Campbell has been promoted from CFO to COO and controller Kris Dunlop has been promoted to CFO. Banks will remain the controlling shareholder of the company.

“Chris and Tim have overseen the production and portfolio management sides of the business for several years,” Banks states in the release. “Their contributions are the most significant reasons for our achievements over the past decade. The company is in great hands and their leadership will sustain the underlying corporate culture we’ve created. I will continue to serve on the investment committee and chair quarterly stockholders meetings. I will also be working on corporate issues outside of day-to-day operations of the company.”

Banks believes having co-CEOs is the right move for the close-knit, highly focused SFS team.

“I’ve worked closely for over 10 years with both new co-CEOs, and I have the utmost respect for their capabilities and their demonstrated leadership,” he states in the release. “Their respective areas of focus dovetail to form a cohesive direction for SFS, and I’m fully confident that they can work as a team in running the organization while still attending to their primary disciplines.”