Americas United Bank said Thursday that Chief Executive Officer Gilbert J. Dalmau had resigned earlier this month and an interim CEO was appointed.

Dalmau’s separation was effective Oct. 1. Board Chairman Manuel J. Remón will serve as president and CEO until a permanent replacement is named. Remón has been chairman since formation of the Glendale bank in November 2006.

“We look forward to the future success of the bank as we work through the challenging economic environment,” said Remón in a press release, noting that bank’s capital ratios continue be above “well capitalized” levels as defined by regulators.

Americas United, which had total assets of $124 million as of June 30, reported a second quarter loss of $1 million. The results were driven by a $913,000 write-down on the value of its repossessed real estate portfolio and additional loan loss reserves related to its SBA loan portfolio.

The press release stated that the board and Dalmau had “mutually agreed to a separation.”

Shares were unchanged Thursday at $3.76 on the Over-the-Counter Bulletin Board.