Tri-Valley Bank in San Ramon, Calif., said late Tuesday that it added three directors and elected a former Wells Fargo & Co. executive to chair its board.
The $71 million-asset bank had announced plans in March to appoint Arnold Grisham as chairman when it announced the termination of a $10 million private placement.
Grisham formerly was an executive vice president of commercial banking at Wells Fargo. Most recently he was a co-founder, chief executive and president of Alta Alliance Bank in Oakland, Calif., retiring in 2009.
Grisham was also on the board of the Federal Reserve Bank of San Francisco from 2008 to 2010.
The new directors are James DeLano, a partner at Bishop Ranch Veterinary Center; Guy Rounsaville, an attorney; and Lou Cosso, a retired Wells Fargo executive.
Rounsaville also served as general counsel at Wells and LaSalle Bank Corp. during his 30-year legal career.