Exchange Bank has named Michael Sullivan executive vice president and chief credit officer, reporting to President and CEO Gary Hartwick.
He will be responsible for ensuring the overall credit quality of the bank’s loan portfolio, including overseeing loan generation and the development of loan policies and procedures to ensure high levels of financial performance and compliance.
“Mike’s long and distinguished career in Sonoma County gives him a deep understanding of the local market,” said Hartwick. “His track record of building strong credit cultures make him an excellent fit to round out our executive team.”
Sullivan has a strong and diverse knowledge of credit acquired through progressively responsible positions held at Wells Fargo Bank. Most recently, he served as a senior vice president in its Financial Institutions group where he led credit origination and strategies in the U.S., Canada and Europe. His previous roles included leadership for Wells Fargo’s Regional Commercial Banking group in Santa Rosa.
Headquartered in Sonoma County, CA and founded in 1890, Exchange Bank is a community bank with assets of $2.6 billion.