Troy Sanderson, a Petaluma resident with deep roots in the neighborhood, will take over as president and CEO of Change Bank, the corporate introduced final week.
At present the chief vice chairman and chief banking officer, he’ll succeed present president Gary Hartwick when he steps down on the finish of the yr.
“It’s humbling,” Sanderson, 55, mentioned in an interview. “This institution is a cornerstone in the community. I’m excited for the opportunity. I feel like I couldn’t be in a better place to finish my career in banking.”
Sanderson joined Change Bank in 2018. He previously served as president of the Bank of Rio Vista, commuting for years to the Central Valley group. But he remained concerned in Petaluma, the place his household has resided for greater than 100 years. He was elected and served for 10 years on the Petaluma Metropolis Faculties District board and was president of Petaluma Nationwide Little League. He’s additionally on the board of COTS, the Petaluma homelessness nonprofit.
He holds a bachelor’s diploma in enterprise administration from California State College, Sacramento and graduated with honors from the Pacific Coast Banking College in Washington.
Hartwick, who has led the bank for 12 years, mentioned Sanderson was the proper individual to steer the bank into the long run.
“I am excited for Troy and his promotion is certainly well deserved,” he mentioned in an announcement. “Troy is an experienced community banker and is the right fit for Exchange Bank and the community values that we hold.”
Sanderson shall be simply the ninth president of the bank based in Sonoma County in 1890 by Manville and Frank Doyle. The bank has supplied $90 million in scholarships for college students at Santa Rosa Junior School. Sanderson obtained a Doyle scholarship when he attended SRJC after highschool.
As president, Sanderson will oversee a newly carried out cellular banking system and the continued restoration from the coronavirus shutdown. Change Bank is the most important Small Enterprise Administration lender in Sonoma County and has labored on restoration efforts from wildfires and the pandemic.
Change Bank has $2.eight billion in belongings and 18 branches in Sonoma County, together with Petaluma. It was just lately named the Petaluma Giant Enterprise of the Yr from the Petaluma Neighborhood Awards of Excellence.
Sanderson mentioned he hopes to proceed the bank’s storied custom.
“Frank Doyle was a visionary,” Sanderson mentioned. “His legacy was to leave a road map for what it means to be a community leader. He set an incredibly high bar, which I hope to reach for.”
(Contact Matt Brown at [email protected])