Salin Bank & Trust in Indianapolis has named a new chief executive after Bill Salin II, son of the bank's founder, announced his retirement.
The $761 million-asset bank promoted James Alender to chief operating officer to president and CEO. Alender was named COO in October as part of Salin Bank and Trust's succession plan. He's been a bank director since 2003.
Salin will remain a director of the bank and its holding company. He is the son of Bill Salin, the bank's chairman and founder.
Alender's appointment to CEO "allows the Salin family the time to complete the bank's succession plan for upcoming generations," the bank said in a news release.