C1 Financial in St. Petersburg, Fla., has promoted its bank president to a regional role.
The $1.5 billion-asset company disclosed in a regulatory filing Monday that Kathryn Pemble had become its Florida market president. She remains a director and vice chairman at the company.
C1 Financial said that Trevor Burgess, its chairman and chief executive, would succeed Pemble as president.
C1, which raised $45 from its initial public offering earlier this year, did not detail Pemble's new responsibilities. The company earned $2.6 million in the third quarter, compared to $9.2 million a year earlier, though the 2013 results were bolstered by a $12.5 million bargain purchase gain.