Washington-based Charter Private Bank has appointed Marty Steele as its new president and CEO, effective immediately.

Steele, formerly the bank’s chief lending officer, will succeed James Garvey, who was recently appointed president and CEO of Borel Private Bank & Trust located in Northern California.

Steele will bring more than 30 years of banking, management and lending experience to Charter Private Bank. He has already been in a leadership position at the bank as its chief lending officer, increasing commercial lending and broadening the bank’s presence in the community.

Prior to his senior posts at Charter Private Bank, Steele held senior positions at Commerce Bank, Windswept Capital and, in Bank of America’s private banking group.

Charter Private board chair Thomas Porter said that Charter Private Bank is enormously fortunate to have Marty assume this position.