Commerce Union Bancshares in Brentwood, Tenn., plans to have a new CEO in July.
The $912 million-asset company said in a press release Monday that William DeBerry, 69, will retire as chairman and CEO on June 30. DeVan Ard Jr., the company’s president and the president and CEO of its Reliant Bank, will succeed DeBerry.
DeBerry “has been a major contributor to our company since the merger of Reliant Bank and Commerce Union Bank in April 2015,” Sharon Edwards, the company’s lead independent director, said in the release.
Ard, 62, previously served as president of Reliant Bank before it merged with Commerce Union.