Senior Vice President Michael Wheeler has been promoted to president of Beverly Cooperative Bank, effective Jan. 1. He is the bank’s 12th president.

Bill Howard, current president and CEO, has assumed the role of CEO and chairman of the board of directors.

Wheeler joined Beverly Cooperative Bank in 2000 as assistant vice president of commercial lending. Promoted to vice president and then to senior vice president in 2007, Wheeler oversees all of lending and also serves as the bank’s chief compliance officer and clerk.

"Mike is collaborative in nature. He’s been an integral part of the bank’s growth and community commitment. He is the right person to guide Beverly Cooperative Bank and build upon the bank’s successes," Howard said.

Well known in the communities Beverly Cooperative Bank serves, Wheeler is currently on the board of directors of the North Shore United Way and Salem Chamber of Commerce. He recently completed service as board member and treasurer of the Salem Boys and Girls Club and Salem Rotary Club.