The head of NorthStar Bank in Tampa, Fla., has stepped down.
Monty Weigel had been with the $200 million-asset NorthStar since its founding in 2007, the company said in a press release Friday. The bank did not offer a reason for Weigel's departure and a call seeking comment was not immediately returned.
Weigel, who was president, chief executive and a director, "played a key role in NorthStar's successful entry into the Tampa Bay market in 2007, and we wish him the best in his future pursuits," Chairman James Cantonis said in the release.
NorthStar board member David Stone has been appointed interim president and CEO while the bank searches for a permanent replacement.
Stone has spent 50 years in the banking industry. He served as president, CEO and co-founder of Citizens Bank & Trust and as president and CEO of First National Bank of Florida and Liberty Bank. All three banks are located in Clearwater, Fla.
"The board is not only committed to a smooth and effective transition, but NorthStar has an extremely strong leadership team that already has a strong working relationship with David Stone," Cantonis said in the release.