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Pacific Western Bank hires EVP; Muncy Bank Financial names director

S&P Global Market Intelligence presents a daily roundup of management and board changes in the financial services and bank and thrift industries. This feature excludes C-level leadership changes and stories previously covered by S&P Global Market Intelligence.

Banking

Pennsylvania-based Muncy Bank Financial Inc. appointed Robert Hager to its board. His appointment will expand the board to 11 until the retirement of Harold Lowe in April.

Hager is a managing partner at Lindsay & Hager PC.

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Pacific Western Bank hired Rebecca Cordes as executive vice president of human resources.

Cordes was the executive vice president and director of support services at Denver-based First Western Trust Bank, a subsidiary of First Western Financial Inc.

Beverly Hills, Calif.-based Pacific Western Bank is a unit of PacWest Bancorp.

Financial services

Pegasystems Inc. appointed Ron Hovsepian to its board.

Hovsepian, 57, is an executive partner at Flagship Pioneering, a life sciences innovation enterprise.