The longtime chief executive of El Dorado Savings Bank in Placerville, Calif., is stepping down.

Tom Meuser will leave the role at the end of the year, the Sacramento Business Journal reported Tuesday. George Cook, the bank's president, will succeed him.

Meuser, 68, will remain chairman of the $1.9 billion-asset Ed Dorado Savings Bank's board. He has been with the bank for 45 years and has been CEO for more than two decades, the Business Journal said.

Cook has been with the bank for 40 years, including 23 years as president. When he becomes CEO, John Cook will succeed him as president.

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.