Online/Mobile Banking Contact Careers Lost or Stolen Cards
back to

Avenue Bank names president

Samuels give up one of his titles to COO

Avenue Bank boss Ron Samuels has relinquished one of his titles to longtime lieutenant, bank co-founder and COO Kent Cleaver.

Cleaver has been promoted to president of five-year-old Avenue, which booked a $13.5 million profit in 2011 — helped by an $11.2 million tax credit — and has grown its assets to more than $660 million. Samuels, who formerly ran the Middle Tennessee operations of Union Planters, AmSouth and Regions, is staying in his chairman and CEO roles and said Cleaver's promotion is a natural step in the growth evolution of Avenue.

“Kent is a tremendous leader,” Samuels said. “Now is the right time for us to operate in more defined leadership roles, and Kent is excellent for this. He has been a dedicated partner from day one.”

Cleaver will focus on business development for Avenue, which now employs almost 100 people, and manage its day-to-day operations. He also has been named a member of the lender's board.

back to News