John Lewis, president and CEO of Commerce Bank of Arizona, will retire effective April 21, 2021, and will serve as the Tucson market president until his retirement.
"It has been my privilege to serve as CEO of CBAZ," Lewis said in a statement. "I'm very proud of the way our team rallied the community, raised capital and turned around this bank. I'm even more proud of the way we've since laid the foundation for many more years of supporting our local business communities and delivering the returns that our shareholders expect."
Effective immediately, Phoenix market president Chris Webster will step into the role of president and CEO as a management succession plan established by the board of directors.
"I am excited to lead the continued growth of CBAZ," Webster said in a statement. "John is an icon in the Arizona community banking industry, and it has been an honor and pleasure to work with him. I will work to carry forward the principles and leadership he has inspired in our company and our communities."