Plaza Bank in Seattle has promoted its chief lending officer to become CEO.

The $65 million-asset bank said in a press release Monday that Michael Anderson also succeeded Michael Clabby as president on Nov. 23. Anderson is expected to provide leadership to the bank's management team and work closely with its directors.

After joining Plaza in December 2014, Anderson "played a critical role in the loan and core deposit growth the company has experienced during the past couple of years," the bank said in the release.

Clabby retired after serving 12 months as CEO. Previously, he was the bank's chief credit officer.

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