Pinnacle Bank in Gilroy, Calif., will have a new leader in 2027.
The $993.6 million-asset bank said in a press release that Cliff Dennett will become president and CEO on Feb. 1. Dennett, who is chief credit officer, will also join the board.
Dennett will succeed Jeffrey Payne, who will become chairman. Susan Black, the current chair, will become vice chair, succeeding Ed Rossi.
“Jeff’s contributions to Pinnacle Bank have been profound, and his impact is woven into the very fabric of our organization,” Black said in the release. “This transition represents the culmination of the Board’s long-term succession planning. It ensures absolute continuity as we advance the bank’s mission, support our communities, optimize shareholder value, and execute our strategic objectives.”