The Board of Trustees of the Graduate School of Banking at Colorado (GSBC) announced Wednesday that Timothy Koch, president, will retire following the July 2021 annual school session.

"July 2021 will mark the end of an incredible era of community banking education led by Dr. Koch,” said GSBC Chair Mary Kay Bates, president and chief executive officer of Bank Midwest (Iowa). “His extraordinary leadership and vision for banker education has made GSBC what it is today; we are sad to see his time as GSBC’s leader come to an end, but are excited to see what the future holds for the school as well.

A seven-person search committee has been tasked with finding Koch’s replacement, Bates said. It includes current and former trustees and representatives from the GSBC faculty and University of Colorado Boulder. 

The committee is meeting regularly to identify and vet candidates for the position. It plans to hire a replacement by year-end 2020, allowing for a gradual transition of leadership beginning in 2021.