Encore Bancshares in Little Rock, Ark., has parted ways with its CEO.
The $4 billion-asset company said in a press release that Chris Roberts had also resigned as chairman.
Phillip Jett was named acting chairman and CEO; he has served as vice chairman and chief banking officer. Burt Hicks will remain president.
Encore “is a financially strong institution that has an industry-leading executive team,” Rita Lowman, the company’s lead independent director, said in the release. “The bank’s unique culture encourages innovation and growth while promoting cohesion among the company’s employees, investors and customers.”