Enterprise Financial Services in Clayton, Mo., has announced the retirement of its bank's executive chairman and chief credit officer.

Steve Marsh will retire on April 30 from the $3.5 billion-asset Enterprise Bank & Trust, according to a Tuesday news release. Marsh will become the bank's nonexecutive chairman.

Marsh, who was 59 in March at the time of Enterprise's proxy statement, has been chief credit officer since 2006, according to Jerry Mueller, a bank spokesperson. Marsh joined Enterprise in 2003. Before Enterprise, he was president of the former Southwest Bank in St. Louis, which is now part of BMO Harris Bank.

Doug Bauche will succeed Marsh as chief credit officer. Bauche is president of commercial banking for the St. Louis market.

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.