Marquette Financial Companies in Scottsdale, Ariz., promoted Larry West to be its new chief executive officer.
West will oversee all business operations for the $1.4 billion-asset banking and financial services company, a Tuesday press release said. West has been CEO of Meridian Bank, a subsidiary, since 2010 and will retain this role along with his new responsibilities.
West has more than 35 years of experience in the financial services industry. Before joining Marquette, he held leadership positions in commercial banking, equipment finance and retail banking.
West succeeds Bert Colianni, who will remain director of Marquette Financial Companies and chief executive of Marquette Companies.
Marquette has two banking subsidiaries: the $737 million-asset Meridian Bank of Arizona and the $445 million-asset Meridian Bank Texas, which acquired State Bank & Trust in Carrolton, Texas three months ago. Both Meridian banks are well-capitalized, with Tier 1 leverage and total-risk based capital ratios in excess of required minimums.
Other business lines include Marquette Asset Management, Marquette Business Credit, and Marquette Transportation Finance.
"I look forward to continued profitable growth in each of our businesses as we focus on providing common sense banking solutions for our customers," West said in the release.