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Alterra Bank CEO departs

Leawood, Kan.-based AlterraBank and its President and CEO Pamela Berneking mutually terminatedher employment with the company, effective Oct. 1.

David Seiler, COO of Madison, Wis.-based ,will assume Berneking's responsibilities as interim president and CEO of thebank while the company looks for her replacement, according to a Form 8-K filedby the company.

The bank also plans to close its branch at 11120 W. 135thSt. by Dec. 31, the Kansas City BusinessJournal reported.

First Business Financial acquired Alterra Bank on Nov. 1, 2014.