The chairman of First National Bank of Santa Fe has accepted additional duties ahead of the bank's upcoming merger.
William "Pablo" Sanders, the $1.7 billion-asset bank's chairman, was given the additional titles of president and chief executive on Thursday. The positions became vacant after John Asbury resigned on Wednesday. Sanders' appointment was first reported by Albuquerque Business First.
Asbury resigned to pursue another career opportunity and his departure was unrelated to the pending merger, a bank spokeswoman said. Asbury had worked at First National Bank since March 2015.
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The $1.8 billion-asset Sunflower expects to combine with the $2.2 billion-asset Strategic Growth to create a company with $3 billion in loans and 60 branches in Colorado, Kansas, Missouri, New Mexico and Texas.
July 28 -
Previous natural disasters in the Gulf region have taught banks like MidSouth, Regions and Hancock how to swing into action to help customers and manage sudden risks.
August 18 -
Some observers are concerned that borrowers in energy-dependent regions, in an effort to compensate for pay cuts, are becoming overleveraged. But lenders say they are being prudent.
August 16
First National Bank's holding company, Strategic Growth Bancorp in El Paso, Texas, in July
