Joseph W. Kiley 3d plans to resign as the president and chief executive of First Bank of Beverly Hills.
Mr. Kiley, 50, has been in charge of the Calabasas, Calif., bank since August 2001. In a brief interview Wednesday, he said he will step down July 1 to pursue other interests.
Larry B. Faigin, the chairman and CEO of the bank's parent, Beverly Hills Bancorp Inc., would temporarily assume many of Mr. Kiley's duties until the board elects a successor at the end of the month.
Mr. Kiley joined First Bank in March 2001 as its chief financial officer. He was promoted to CEO five months later. Under his leadership, the company said, First Bank returned to profitability, and its assets more than doubled, from $659 million on March 31, 2001, to $1.4 billion five years later.
