Cleaver Named President of Avenue Bank

Kent Cleaver, a founding officer of Avenue Bank, has been promoted to President and Chief Operating Officer for the company. He has served as COO since Avenue Bank opened in July 2007.

“Kent is a tremendous leader at Avenue Bank, having been one of the founders,” said Avenue CEO and Board Chairman Ronald L. Samuels. “A transition like this is common for a company that experiences the growth we have. When Avenue Bank began, we had a small number of people wearing a number of different hats.

“Five years later, with total assets of $667 million and 98 employees, now is the right time for us to operate in more defined leadership roles, and Kent is excellent for this. He has been a dedicated partner from day one.”

In his new role, Cleaver will focus on business development as well as oversee and manage daily operations. As President, he also has a seat on the board of directors. He is a native Nashvillian with 33 years experience in the banking industry.

Samuels will continue as CEO and Chairman of the Board. He will lead Avenue’s strategic planning and community direction, as well as advising on planning and development.