The chief executive of Golden Pacific Bancorp in Sacramento has left the company.
Kirk Dowdell, who was also a co-founder of the $136 million-asset company, stepped down to return to his own financial services consulting group as president and CEO, Golden Pacific announced in a press release Tuesday. His resignation was effective on Aug. 16.
Roy Malone, Golden Pacific's president, is acting as interim CEO.
Dowdell served as Golden Pacific's CEO since its founding in 2007, according to his LinkedIn page. Prior to that, he spent almost nine years as CEO of Western Sierra National Bank, which was acquired by Umpqua Holdings Corp. in 2006.
"Golden Pacific is well positioned to become a transformative force in the community banking sector," Dowdell said in a statement. "While I'm transitioning to the next step in my career, I will remain a fan and shareholder of Golden Pacific."
Golden Pacific acquired Gold County Bank in Marysville, Calif., in May 2010 after its attempts to charter a new bank were unsuccessful. The bank has seven branches throughout California.
The Gold County acquisition was supposed to be the first of many deals, Dowdell told American Banker in May 2010. His plans called for the company to roughly double in size through organic growth and add as much as $2 billion in assets through acquisitions by 2012.