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Top banking moves: Comerica names interim CFO; VersaBank names chairman of unit

S&P Global Market Intelligence presents a weekly news summary of executive management and board chair-level changes in the bank and thrift industry.

Sept. 18

S. Biff Bowman will step down as CFO of Northern Trust Corp., effective Jan. 1, 2020, and retire from the company Feb. 28, 2020.

Jason Tyler, currently CFO of Northern Trust's wealth management business, will succeed Bowman as CFO of the company and become a member of the management group, effective Jan. 1, 2020.

Sept. 17

Tallahassee, Fla.-based First Commerce CU intends to purchase and assume certain assets and liabilities of Nashville, Ga.-based Citizens Bank, a unit of Nashville Holding Co. The transaction is expected to close during the second quarter of 2020.

Bill Perry, president of Citizens Bank, will work with First Commerce CU as a strategic adviser during the transition. Steve Perry will join the credit union as market president, overseeing all services in the South Georgia locations.

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Nashville, Tenn.-based FB Financial Corp. agreed to acquire Scottsville, Ky.-based FNB Financial Corp. and its unit Farmers National Bank of Scottsville in a cash-and-stock deal expected to close in the first quarter of 2020.

Dan Harbison, president and CEO of Farmers National Bank of Scottsville, will serve as market president for FB Financial unit FirstBank following the close of the transaction. Harbison will be responsible for managing the combined banks' presence in south central Kentucky.

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In West Virginia, Moorefield-based Summit Financial Group Inc. and West Union-based Cornerstone Financial Services Inc. have agreed to merge. Following consummation of the merger, which is expected to occur early in 2020, Cornerstone Bank Inc. will be consolidated with Summit Community Bank Inc.

Lorraine Brisell, president of Cornerstone Financial Services, will join Summit Financial Group as market president.

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TIAA named Steve Fischer CEO of TIAA Bank following the retirement of Blake Wilson, head of individual relationships, chairman and CEO of the bank. Fischer previously was president and COO of TIAA Bank.

Wilson will remain with TIAA in an advisory capacity through the end of the year.

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Butler, Pa.-based NexTier Bank NA named Mark DeBiasio CFO, according to a report on ButlerRadio.com.

DeBiasio most recently was executive vice president and CFO of Cross Plains, Wis.-based State Bank of Cross Plains.

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Doyle Thigpen will retire as CFO of Greenville, N.C.-based Union Bank on Nov. 1 and will assume a part-time role with the bank.

Chief Accounting Officer Scott McLean will be promoted to CFO, effective Nov. 1.

Sept. 16

El Dorado, Ark.-based First Financial Bank named Executive Vice President Craig Mobley COO, the Mississippi Business Journal reported.

Sept. 13

Muneera Carr ceased serving as CFO of Comerica Inc., effective Sept. 11. She is expected to continue in the role of executive vice president until on or around Oct. 10, at which time her employment will end.

The company named James Herzog interim CFO, effective Sept. 11. Herzog has been the company's executive vice president and treasurer since November 2011.

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In Montana, Robert DeWit recently retired as president of Manhattan Bank, according to a report on The (Bozeman, Mont.) Belgrade News.

The bank is a unit of MSB Financial Inc.

Sept. 12

Maine-based Machias Savings Bank named Matt Walsh CFO, Bangor Daily News reported. He started at the bank in mid-August.

Walsh succeeds Donald Reynolds, who is retiring. Walsh's career includes serving as president and CEO of University CU.

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VersaBank named Tom Ridge chairman of DRT Cyber Inc., its new Washington, D.C.-based subsidiary.

Ridge is chairman of Ridge Global LLC. He served as the first secretary of the U.S. Department of Homeland Security.

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Don Pitts, chairman of Springdale, Ark.-based United Holding Co. Inc., died Sept. 9, Talk Business & Politics reported.

United Holding is the parent company of United Bank, which Pitts started in 1978.