The $1.9 billion-asset company said in a press release Monday that
Thomas Sa was also named president of its bank, effective immediately. Sa will remain
the company’s chief financial officer and chief operating officer.
Sa succeeded Steven Shelton, who remains CEO.
The move “reflects the growth of the company and the management
structure we believe is best suited to continue effectively executing on the
strategies that are enhancing the value of our franchise,” Shelton said in the
release.
“As president, [Sa] will have an even greater opportunity to make
a positive impact across all areas of the organization, including overseeing
the development of new business lines and processes that we believe will
provide additional catalysts for our future growth while further diversifying
our business mix,” Shelton added.
Sa
joined the company in May 2019. He previously served as chief risk officer at Western
Alliance Bancorp.
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