1st Capital in Calif. Appoints Chief Banking Officer

1st Capital Bank in Monterey, Calif., has appointed a chief banking officer who will take on most of the responsibilities of its recently departed chief administrative officer.

H. Irene Shippee, a 25-year banking veteran who joined 1st Capital Bank last year as senior vice president and operations administrator, has been promoted to executive vice president and chief banking officer, the $454 million-asset company said in a press release Monday.

Marilyn P. Goode, the executive vice president and chief administrative officer who had been with the company since it was founded in 2007, has left the bank for undisclosed reasons.

Mark Andino, the bank's president and chief executive officer, thanked Goode for her contribution "to the formative operation of the bank" and its branch network.

Shippee, whose experience includes electronic banking, branch administration, deposit product development, card processing, deposit operations, and compliance, will be responsible "for most of the functions" previously managed by Goode, including the bank's branch network, cash management and central operations departments, Andino said. Shippee's contributions over the past year "have been impressive," he added.

1st Capital Bank operates four branches in Monterey County. The bank has been going through several top executive changes in recent years, including most recently, the resignation of its former CFO, who was replaced in March.