Coronavirus hardships behind California bank chief's decision to retire
A community bank in Salinas, Calif., is looking for a new leader.
Tom Meyer will retire as president and CEO of 1st Capital Bank on March 31. He has led the $645 million-asset bank since 2015.
Meyer said in the release that local and statewide shelter-in-place orders accelerated his timetable for stepping down by "a few months." He said retiring will allow him to join his family in Southern California.
Salinas is about 100 miles south of San Francisco.
The bank said that Michael Winiarski, its chief financial officer, will serve as acting CEO until a permanent successor is hired.
“I have enjoyed the opportunity to lead this strong, healthy bank these past five years, and have particularly enjoyed my relationships with our tremendous employees, customers and community," Meyer said in the release.