Central Bank, with locations across Iowa and South Dakota, has announced a leadership transition effective March 2 as part of its long-term strategy. After 36 years overseeing the organization’s expansion, owners Tim Brown and John Brown, along with executive Jeff Lapke, will move into advisory roles on a newly formed executive board. Nick Brown will assume the role of CEO and be based in Sioux Falls, S.D., Kevin Brown will be appointed commercial banking president in Sioux City and Brett Smith will serve as community banking president, based out of Des Moines. “Our customers can expect the same local decision-making, personalized service, and commitment to their financial success that Central Bank has always stood for,” Brown said in a prepared statement. “This transition strengthens our ability to deliver on those promises well into the future.” Central Bank was purchased by Tim Brown and John Brown in 1990 and under their leadership grew to $2.2 billion in assets. The bank has 23 locations and over 300 employees in Iowa and South Dakota.