S. Joe DeHaven, the longtime CEO of the Indiana Bankers Association, is retiring at the end of the year, the trade group announced Tuesday.
The 67-year-old Fishers resident, who was born in Muncie, spent 47 years in banking and 26 years in association leadership roles. Starting Jan. 1, IBA president Amber R. Van Til will become president and CEO.
"I'm not sure that you really know until you do it," said DeHaven on a phone call when asked how it feels to hang up his jersey. "But I think everyone gets to the point where they recognize that it's time. And after 47 years in the banking business, I think it's time for me to go on to the next stage in life and let someone younger and more energetic lead the organization in the future."
In 1990, DeHaven became president and CEO of the Community Bankers Association of Indiana. When that organization merged with the Indiana Bankers Association in 2006, DeHaven became president and chief operating officer of IBA. The following year, he became president and CEO.
As a result of the merger, IBA enlarged its representation of Indiana-based banks "and became more politically powerful" as a result, he said. Today, its membership of 133 banks includes all Indiana-headquartered banks and most out-of-state banks operating in Indiana
DeHaven has also been credited with strengthening the organization financially, tripling its budget since he took the helm.
The Muncie native graduated from Ball State University in 1971 and started working at Merchants National Bank of Muncie (now First Merchants Bank) in data processing. He earned a graduate degree in banking from the University of Wisconsin in 1987.
DeHaven said he's not sure exactly what his post-retirement plans are, but he envisions serving on a few boards, playing some golf and spending time at his retirement home in Florida.
DeHaven hired Van Til in 2002 and, in recent years she's been heavily involved in government relations in Indiana and Washington, D.C., he said.
"I'm really excited," he DeHaven said about Van Til. "She has been with the organization and witnessed our financial growth, and she is well prepared to assume those responsibilities."
When she takes the reins, Van Til will be the first female CEO and president of the IBA. Annette M. Russell, of the Security Federal Savings Bank in Logansport, will be the first female chair of the board next year.