Summit Bank & Trust names Rhoades CEO

BROOMFIELD – Summit Bank & Trust, a Broomfield-based community bank, named R. John Rhoades president and chief executive.

Rhoades fills the post vacated by John P. Carmichael 18 months ago. Frank Walter had been filling the position on an interim basis.

Rhoades has 31 years of commercial banking experience, most recently as community bank president at Wells Fargo Bank. He worked the metro north Denver area, including Commerce City, Brighton, and Arvada.

“We are delighted to welcome John and his extensive commercial banking experience to Summit Bank & Trust,´ said James R. Hill, chairman of Summit’s board of directors. “John brings deep knowledge of the Front Range to our bank along with a commitment to exceptional client service.

“John’s management style and leadership philosophy are consistent with Summit Bank & Trust’s customer- and employee-focused culture,” Hill said in a prepared statement. “We worked very hard during the selection process to ensure that the bank’s culture, focus on its communities and client service commitment would be enhanced as the bank moves forward.”

Rhoades has a bachelor’s degree in business administration from the University of Nebraska-Lincoln. Originally from Big Springs, Nebraska, he is involved in Platte Valley Medical Center in Thornton, where he serves as a member on both the medical center and foundation boards.

Summit Bank & Trust has branches in Broomfield, Erie and the Larkridge shopping center, and a mortgage office in Denver. The bank is a member of the Federal Deposit Insurance Corp. and an equal housing lender.

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