MINNEAPOLIS -- National City Bank said that chairman of the board David Andreas will also serve as the bank's president and chief executive officer, replacing Walter "Bud" Meadley Jr., who retired.

The bank also said board member David Malmberg will become chairman.

Mr. Andreas, 45, joined National City Bank in 1977 as a commercial banking trainee and had advanced to commercial lending officer when he was elected director of the bank and its parent, National City Bancorporation Minneapolis, in 1980. He was elected chairman of the board of the holding company in 1987 and was appointed chairman of the board of National City Bank in 1991.

Mr. Meadley, 62, joined National City Bank in 1970 as vice president. He subsequently served as executive vice president and chief operating officer before being named president in 1985 and CEO in 1991.

Mr. Malmberg, 51, has been a National City Bank director since 1990.

With assets of more than $500 million, National City Bank is the sixth-largest bank in the Twin Cities, serving primarily local small and midsize companies.

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.