Peoples Bank in Lynden has announced a series of top-level personnel changes, including the appointment of its chief operating officer, Russ Lee, to bank president.

Bank CEO Charles LeCocq, who has been the company’s president since 1987, has been promoted to chairman of its board of directors. LeCocq will continue as CEO at Peoples Bank.

In addition to his new position of president, Lee will also continue as the bank’s chief operating officer, according to a company announcement.

The bank also announced that Irwin LeCocq, Jr., Charles LeCocq’s father, who has served as Peoples Bank’s board chair, will now serve as vice chairman of the board and chairman emeritus.

Peoples Bank reports more than $1.24 billion in assets. The bank operates 23 branches and three loan production offices in seven counties. It employs 398 people, is the tenth largest bank headquartered in Washington state.