Charter Private Bank Names Marty Steele as President and CEO

BELLEVUE, Wash.--(BUSINESS WIRE)--The Charter Private Bank Board of Directors today announced the appointment of Marty Steele as its new President and Chief Executive Officer, effective immediately. Mr. Steele was elected at the recent December Board meeting. Mr. Steele, formerly the bank’s Chief Lending Officer, succeeds James Garvey, who was recently appointed President and CEO of Borel Private Bank & Trust Company located in Northern California.

“Not only does he bring the depth and breadth of financial and management expertise that will be crucial in our continued growth, but he already has an extensive knowledge of the bank and its market.”

“Charter Private Bank is enormously fortunate to have Marty assume this position,” said Thomas Porter, Charter Private’s Board Chair. “Not only does he bring the depth and breadth of financial and management expertise that will be crucial in our continued growth, but he already has an extensive knowledge of the bank and its market.”

Mr. Steele brings over 30 years of extensive banking, management and lending experience to Charter Private Bank. Mr. Steele has already been in a leadership position at the bank as its chief lending officer, successfully increasing commercial lending and broadening the bank’s presence in the community.

“This is an exciting time for the bank and I am thrilled to be assuming this responsibility,” Mr. Steele said. “The bank is already on a growth trajectory, despite the economy, and I feel we are uniquely positioned to be the premier private bank for the Puget Sound region.”

Prior to his senior posts at Charter Private Bank, Mr. Steele held senior positions at Commerce Bank, Windswept Capital and, in Bank of America’s private banking group. Mr. Steele, a long-time Puget Sound resident, also sits on the board of the Salvation Army of King County. He has been a board member of other local not-for-profit organizations including the National Multiple Sclerosis Society and The ACT Contemporary Theatre. Mr. Steele holds a bachelor's degree from Rutgers University and a master's degree from Yale University.

About Charter Private Bank

Charter Private Bank is a private bank for privately-held businesses and professionals located throughout Greater King County with offices in Bellevue, Redmond, Kent, and Downtown Seattle. At Charter Private Bank, clients enjoy friendly, professional, and detailed service from experienced account officers with local market knowledge. Clients also benefit from quick turnaround on important decisions and have access to online banking and other sophisticated treasury management products. Employees of Charter Private Bank are shareholders and are committed to the financial success of the organization. For more information, visit www.charterprivatebank.com