National Bank Holdings (NBHC) in Greenwood Village, Colo., has consolidated the roles of chairman and chief executive.

The $4.9 billion-asset company said that its board elected Tim Laney to become chairman. National Bank's independent directors also appointed Ralph Clermont to serve lead director.

Laney, who is the company's president and CEO, was an executive at Regions Financial (RF) in Birmingham, Ala., before spearheading efforts to form National Bank. Clermont is a former managing partner at KPMG in St. Louis.

Laney succeeded Frank Cahouet, former head of Mellon Financial, who will remain a director.

National Bank has 97 branches.

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