Nicole Sever Named New CEO of Platinum Bank; David Faust Retires
Platinum Bank in Minneapolis-St. Paul has appointed Nicole Sever as its new Chief Executive Officer, following the retirement of longtime leader David Faust.
Minneapolis St. Paul, MN, October 29, 2026 — Platinum Bank, based in the Minneapolis-St. Paul metropolitan area, has announced the appointment of Nicole Sever as its new Chief Executive Officer. This transition follows the retirement of David Faust, who served as the bank’s longtime leader.
The leadership change at Platinum Bank marks a new chapter for the financial institution. Nicole Sever will now assume the responsibilities of CEO, guiding the bank’s strategic direction and operations. Details regarding Ms. Sever’s prior experience or qualifications were not provided in the information available for this report.
David Faust, the outgoing CEO, retired after a significant period of leadership at Platinum Bank. The duration of his tenure was not specified, nor were the specific reasons for his retirement detailed.
Information regarding the timeline of the leadership transition, including the effective date of Ms. Sever’s appointment or any interim leadership roles, was not made public. Similarly, details about any succession planning process or the search for a new CEO were not disclosed.
Platinum Bank operates within the Minneapolis-St. Paul region, serving its customer base. Further information about the bank’s performance, strategic initiatives under new leadership, or specific market focus was not included in the provided summary.
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