Mary Lynn Lenz has returned to banking after agreeing to become the president and chief executive of Foothills Bank in Yuma, Ariz.

The $292 million-asset bank said Friday that Lenz has succeeded Wayne Gale on Monday. Lenz has joined the bank’s board.

Lenz most recently served as CEO of Professional Business Bank in Pasadena, Calif., where she had been recruited by a private equity firm in 2009. A year later, she arranged for the bank's sale to another private equity investor, Carpenter & Co. She stepped down after the bank merged with another Carpenter holding, Bank of Manhattan in El Segundo, Calif.

Before she joined Professional Business Bank, Lenz was CEO at Slades Ferry Bancorp in Somerset, Mass., and had held key posts at Citizens Bank of Massachusetts and KeyCorp (KEY). Lenz was number eight on American Banker Magazine's 25 Women to Watch list in 2011.

Lenz "has a track record of achieving growth goals, a passion for customer service and a proven record of community service," William Savory, Foothills' chairman, said in a press release.

Foothills bought the failed Summit Bank in Prescott, Ariz., in 2011, in a deal assisted by the Federal Deposit Insurance Corp. In 2009, it bought Yuma Community Bank from Capitol Bancorp.

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.