Vibra Bank in Chula Vista, Calif., has hired a president and chief executive.
The $149 million-asset bank said in a press release Friday that it had hired Frank Mercardante. He succeeded Scott Parker, who had been Vibra's CEO since its founding in 2008.
Mercardante has 47 years of experience in the financial services industry. He was chairman and CEO of Placer Sierra Bancshares, which sold to Wells Fargo (WFC) in 2007. Before that, he was a founding director and CEO of Southwest Community Bancorp, which sold to Placer Sierra in 2006.
"We are very grateful for the strong foundation that Parker has built over the last five and a half years," Vibra Chairman Enrique Schon said in the release. "We are confident that Mercardante will be able to use this solid base to take Vibra Bank to new horizons."