Summit State Bank in Santa Rosa, Calif., has hired a rival's chief credit officer.
The $514 million-asset bank said Brian Reed will succeed Brandy Seppi as credit chief on Dec. 5. Seppi was named chief lending officer.
Reed joins Summit from the $1 billion-asset First Community Bank in Santa Rosa.
"With the addition of Brian, we believe we are well positioned to serve the lending needs of small businesses and nonprofits while achieving greater results well into the future," Jim Brush, Summit State's president and CEO, said in a press release Monday.
Brush became Summit's CEO and president in April after he was appointed to the bank's board in 2009. He succeeded Thomas Duryea, who resigned and joined Summit Bank in Oakland, Calif., as CEO in September.
