Bank promotes executive to CEO

NorthStar Bank promoted veteran banker Scott Jacobsen to president and CEO.

A 30-year banking veteran with stops at AmSouth Bank and Barnett Bank, among other institutions, Jacobsen has been an executive vice president and COO at Tampa-based NorthStar since 2009. The bank promoted senior loan officer Rob Shaw to COO to fill Jacobsen's former position, according to a release.

The leadership changes take effect Oct. 11 at NorthStar, which had $214.7 million in assets through June 30.

Jacobsen replaces David Stone as CEO. Stone will return to retirement following a two-and-a-half-year stint at the helm of the bank, according to the release. During Stone's leadership, NorthStar opened a flagship office in South Tampa and built a new management team. Stone will remain on the bank's board.

“David is a banking guru and has been a dear friend for several decades,” NorthStar chairman Jim Cantonis says in the release. “I am thankful that he came out of retirement to lead NorthStar.”

Adds Cantonis: “Scott is part of the leadership team that David built. He will lead a smooth transition while guiding us to our next stage of growth.”

Jacobsen worked at Merrill Lynch and Bank of Tampa, in addition to Barnett and AmSouth. Shaw, a graduate of the United States Military Academy at West Point, previously worked at USAmeriBank and Signature Bank.