James P. Alender has taken over as CEO of Indianapolis-based Salin Bank & Trust Co., a family owned bank with 19 branches and assets of more than $750 million.
Alender, who has served on the bank’s board since 2003 and as chief operating officer since October 2014, replaces Bill Salin II, who will remain on the board.
In a prepared statement, the company said Salin is retiring to "pursue other family interests while maintaining a strategic and vital role with the bank."
“We thank Bill for his dedicated years of service as President and Chief Executive Officer,” Bill Salin Sr., the bank's founder and chairman, said in the statement. “We know he will continue to excel in his duties as a valuable board member for the bank and the holding company.”
A bank spokesman, reached by phone, would not elaborate on the "family interests" the younger Salin plans to pursue, or provide ages for the new or departing CEOs. The spokesman referred questions to Bill Salin Sr., who could not be immediately reached.