Ruan IV elected chair of Bankers Trust board, succeeding Ruan III
The Bankers Trust board of directors has voted John Ruan IV as chairman of its elected board. In this role, he will lead the board and ensure it is effective in setting and implementing the company’s direction and strategy. His father, John Ruan III, will continue in his role as chairman of the board of Bankers Trust Holding Co. With total assets of $5.828 billion as of March 31, Des Moines-based Bankers Trust markets itself as the largest independently owned depository institution in the state. The bank employs more than 600 people across the country, with branches in Central Iowa, Cedar Rapids, and Phoenix, Ariz., and offices in Omaha and Sioux Falls, according to its website. John Ruan IV’s grandfather, John Ruan II, acquired majority ownership of the bank in July 1964, according to the 2017 centennial history of Bankers Trust Co.