Tom Ashley has been promoted to regional president of the Colorado Springs ANB Banking Centers. Ashley succeeds Lonnie Parsons, who will retire later this month.

A Colorado native, Ashley has a bachelor’s degree from Colorado State University and graduated from the University of Wisconsin Graduate School of Banking. He has more than 17 years banking experience, according to a news release sent by the bank.

He will continue to work at ANB Bank’s Cimarron Banking Center downtown and will oversee the region’s five Colorado Springs banking centers, the release said.

Ashley joined ANB Bank in June 2015 as community bank president for the Colorado Springs region, and prior, was a top-performing broker associate for a real estate group in Aspen and served as the executive vice president for another large Colorado-based community bank.

Ashley volunteers for Seeds Community Café and Pikes Peak Habitat for Humanity.

Parsons, the current regional president in Colorado Springs, has been a dedicated, valued and strong team member of the bank making countless contributions through his leadership and hard work, said Koger Propst, president of ANB Bank and Sturm Financial Group Inc. “Lonnie has strengthened and helped ANB Bank accomplish many successes during his tenure, a worthy achievement to which we all aspire,” Propst said.

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“It’s kind of bittersweet,” Parsons said Friday. “Not having to wear a tie is appealing.”

After closing his 37-year banking career with ANB, Parsons and his wife Rita plan to head south, and enjoy sailing around the Caribbean, he said. He has his eye on a sailboat for sale in the Virgin Islands.

“I just felt it was the right time to retire from banking. ANB has been a wonderful bank to work with.”

Parsons has seen the banking industry evolve from paperwork done by hand and “smart calculator machines” and only a few laws to follow to a different climate with more laws and more computers. He said he won’t miss the regulatory environment banking has become.

“Now we have computers and lots of laws. I think somewhere a long the line, common sense got pushed to the sidelines,” he said.

ANB has more than 30 banking centers serving customers in Colorado, Wyoming and the Kansas City metro area. Sturm Financial is headquartered in Denver and has financial strength embodied in more than $2.4 billion in assets.