CBOA Financial, Inc. (the ‘Company'), parent company of Commerce Bank of Arizona (the ‘Bank' or ‘CBAZ'), announced that President and CEO John P. Lewis will retire from the Company and the Bank on April 21, 2021. Effective immediately and until his retirement, Mr. Lewis will serve in the role of Tucson Market President. Consistent with the management succession plan established by the Board of Directors, and effective immediately, Phoenix Market President Chris Webster will assume the role of President and Chief Executive Officer of the Company and the Bank.

Mr. Webster joined the Company in January 2015 as Phoenix Market President. Before Joining CBAZ, Mr. Webster led the commercial banking division at BBVA/Compass in Phoenix. He later co-founded and led First Scottsdale Bank.