People's Utah Bancorp in American Fork has its next chief financial officer waiting in the wings a year in advance.

Mark Olson will join the $1.7 billion-asset holding company for People's Intermountain Bank on July 1, according to a regulatory filing this week. Olson will succeed Wolfgang Muelleck, who plans to retire in January 2018.

Olson was previously the CFO at California Republic Bancorp in Irvine; the $3.8 billion-asset Mechanics Bank in Walnut Creek, Calif., acquired California Republic in September. Olson was also CFO at the $2 billion-asset Heritage Oaks Bancorp in Paso Robles, Calif.

Muelleck has been CFO at People's Utah since 2007 and a company director since 2004.

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Andy Peters

Andy Peters

Andy Peters writes about regional banks, consumer finance and debt collections for American Banker.