George Rosenbaum, chief financial officer of Western Liberty Bancorp Inc. in Las Vegas, has resigned effective Dec. 23 to accept the position of chief executive officer of a Southwestern bank with assets of $300 million.
Western Liberty, which is the holding company for Service1st Bank of Nevada, declined to disclose which bank had hired Rosenbaum.
His resignation was announced Thursday less than a month after the bank had its consent order terminated by the Federal Deposit Insurance Corp.
The consent order, which Western Liberty entered into in September 2010, was terminated because of improved capital levels at Service1st.
“We appreciate the hard work and diligent efforts George has made on our behalf,” said William Martin, CEO of Western Liberty.
Martin said Patricia Ochal, who currently serves as vice president of Western Liberty and chief financial officer of Service1st, will replace Rosenbaum as CFO of Western Liberty.
Ochal was an original organizing member of Service1st, joining the company in May 2006. Before her employment with Service1st, she was senior vice president and CFO of Nevada First Bank.