Glacier Bancorp in Kalispell, Mont., has named a CIT Bank executive as the likely successor to Chief Executive Mick Blodnick.

The $8.5 billion-asset company hired Randall "Randy" Chesler to the new position of president of Glacier Bank and will appoint him to the boards of the bank and holding company. Chesler's appointment as president will be effective on Aug. 3.

"It is our full expectation that Randy will succeed me as CEO," Blodnick said in a news release.

Glacier last year began looking for a new chairman and CEO after Blodnick said he planned to retire. In Monday's release naming Chesler as his likely successor, the company said Blodnick will retire at the end of next year.

Chesler most recently was president of CIT Bank in Salt Lake City. He has also worked as CEO of Size Technology, a consumer-payments software company, and as an executive for Visa and Citigroup.

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