Generations Bank appoints new chief lending officer

Rogers-based Generations Bank announced Tuesday (March 22) an addition to its senior leadership team.

The company’s board of directors promoted August Rusher to chief lending officer. He fills the role previously held by Luke Colley, who took a job earlier this year as executive vice president and Northwest Arkansas regional president for Helena-based Partners Bank.

Rusher was previously market president of the bank’s Bentonville branch.

“August has a tremendous wealth of lending experience and innate leadership skills that will enable him to lead the bank’s lending team as they continue to serve the communities in which the bank operates,” chairman and CEO Jon Harrell said in a statement. “He embodies the core values that have helped Generations Bank be a community leader for 115 years and counting.”

Rusher has worked for Generations Bank for 15 years in the Rogers and Bentonville markets. As chief lending officer, he will oversee the bank’s new lender training program and the bank’s team of loan officers.

Generations Bank also announced Jared Gabriele as Rusher’s replacement to lead the Bentonville market. He has nearly a decade of lending experience in Northwest Arkansas and previously worked for Grand Savings Bank.

Generations Bank relocated its charter from south Arkansas to Rogers in the spring of 2019.

The company now has 10 brick-and-mortar locations in Arkansas, including five in Northwest Arkansas and the Fort Smith metro —Bentonville, Fayetteville, Rogers, Siloam Springs and Van Buren.

As of Dec. 31, Generations Bank had assets of $706.2 million, according to the FDIC.