CoBiz Financial (COBZ) in Denver has named new leadership at its banking franchise.

Jonathan Lorenz has been named chairman of the board and Scott Page will replace Lorenz as chief executive at Colorado Business Bank and Arizona Business Bank, the $2.7 billion-asset CoBiz announced Tuesday. They will assume their new roles at the beginning of 2014.

Lorenz, 61, has been the banks' CEO since 1995. As chairman, he will continue to sit on the management committee for CoBiz's fee-based businesses, and will assist with winning clients, the company said.

Page, 54, has been the company's Colorado market president since 2009 and director of wealth management since 2012. Earlier, he worked for Vectra Bank Colorado, a subsidiary of Zions Bancorp. (ZION), and U.S. Bancorp (USB).

Page will also continue to oversee the company's wealth management unit, the release said.

"We are fortunate to have such depth of leadership in our company, and the skills both [Lorenz] and [Page] bring to our bank will help continue the momentum we've built in our markets," said CoBiz Chairman and CEO Steven Bangert in news release.

In July, CoBiz announced plans to enter two new Colorado markets and launch a private-banking division.

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