A founding director of Santa Clara Valley Bank has been elected as chairman.

Scott K. Rushing replaces Ralph Rueda De Leon, who has served as chairman for the last three years. Additionally Elias F. Valdes was elected as vice chairman.

The bank's board customarily rotates its leadership, the Santa Paula, Calif., company said Thursday. De Leon, who served as interim president and chief executive from August to November, will continue to serve as a director of the bank. Rushing owns Rushing Real Estate & Investment and has been a licensed broker since 1979.

Santa Clara Valley Bank was founded in 1998 and now has three branches and $132 million of assets.

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