Perryton-based Interstate Bank has announced the retirement of Danny Skarda, chairman of the board and chief executive officer, and the election of Blair Berg as his successor. Berg assumed his new role on September 30.

Skarda, a third-generation banker, is retiring after a distinguished career managing banks in New Mexico, Montana and Texas for more than 45 years. His tenure as CEO of Interstate Bank began in 1981.

Reflecting on his career, Skarda notes, “You’re only as good as your people—and we’re pretty darn good.”

Berg, who has served as Interstate Bank’s chief financial officer for the past five years, brings 18 years of industry experience to his new position. He holds a degree in accounting and business administration from Texas Lutheran University. Active in his community, Berg serves as chairman of the finance committee at Beautiful Savior Lutheran Church.

Established in 1958, Interstate Bank serves the Texas Panhandle via its locations in Perryton and Amarillo.