Mark D. Thompson, president and CEO of Boston Private Bank & Trust Co., will retire at the end of the year.

The board has not yet named a successor to Thompson and will consider candidates for the remainder of the year.

“While I recognize that there is still a lot more to do here at the company, I also want to be able to try my hand at some other endeavors. I plan to stay in the area and will continue to be involved in the bank as a member of the advisory board following my retirement at year-end, while also focusing more on my charitable and community work,” Thompson said in a statement.

“Mark has been a valuable partner to me since I joined our company in 2010, and has been instrumental in our work to position Boston Private for long term health and success. He and I together have worked very hard to advance our integrated Boston Private Wealth, Trust and Private Banking model. On behalf of the company and the board, we all wish him the very best in his next chapter, and extend our deepest gratitude to him for his contributions,” Clayton G. Deutsch, CEO of Boston Private Financial Holdings Inc., said in a statement.