Huntsville’s Merit Bank Announces New President and Chief Executive

Along with much of the recent success within the Huntsville-Madison County community, Huntsville-Based Merit Bank announced Charles W. Heaps as the company’s new President and Chief Executive. Heaps brings more than 20 years of banking experience to the new position, with an extensive record in commercial and agricultural lending success. 

Heaps was one of the founding members of the group that successfully launched Merit Bank in 2019, helping raise $25 million from local investors in just two months. And, in the two years under his leadership, the bank surpassed $200 million in assets.

“I am excited and proud to serve as CEO of Merit Bank. It is an honor to lead an amazing team of professionals who are supporting local business owners and building our community during this period of rapid economic growth,” says Heaps. “I’m looking forward to the opportunities and success that lies ahead for our team and our customers.” 

Heap’s 20 years of experience also includes Senior Vice President of ServisFirst Bank, as well as service in the greater Huntsville-Madison County community with the Council of Finance and Administration for the North Alabama Conference of the United Methodist Church. 

Merit Bank is a Huntsville-based company that specializes in commercial lending and private executive banking, expansions, capital improvement, and many other areas. 

Frank Aldag will continue to serve Merit Bank and its community as Chief Operating Officer. Mark Mcintyre will continue to serve as Executive Vice President and Chief of Baking Sales Officer. 

To learn more, please visit MeritBank.com.