Amalgamated Bank in New York has named a president to succeed Ed Grebow, but the union-owned bank is still looking for a permanent chief executive.

Keith Mestrich, who had been the $3.8 billion-asset bank's chief of staff, was named president on Friday. He joined the bank in 2012 to run its Washington operations. His other previous professional experience includes stints at unions Workers United, Service Employees International Union and the AFL-CIO.

Grebow left as CEO in November, after running the bank for about three years. Grebow had worked for private-equity fund J.C. Flowers & Co. before joining Amalgamated. Gabriel Caprio will remain interim CEO.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.