Oak Valley Bancorp in Oakdale, Calif., will have a new president next year.
The $1.9 billion-asset company said in a press release Friday that Rick McCarty will take on the new role on Jan. 1. He will succeed Christopher Courtney, who will remain CEO.
McCarty joined Oak Valley more than 22 years ago. He will remain the company’s chief operating officer, a position he took on in 2017.
McCarty “has been an integral part of the growth and prosperity of the bank,” Courtney said in the release.
“His oversight of the bank’s mission-critical functions and the instrumental role he plays within the management team have been key drivers of our success,” Courtney added. “This promotion signals the influence he has had on the company through the years and illustrates the continued execution of our succession planning initiatives.”
Oak Valley has 17 branches, with plans to open another in the first quarter.