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Honolulu's American Savings Bank promotes exec; FNB names SVP

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

* Jeff Meyer will not stand for re-election to First Financial Bancorp.'s board at the 2018 annual meeting of shareholders. This decision is not the result of a disagreement with the Cincinnati-based company.

As contemplated in the deal between the company and Greensburg, Ind.-based MainSource Financial Group Inc., First Financial on Dec. 21, 2017, disclosed three directors who would retire upon the effective date of the consummation of the merger. Meyer will similarly be treated as retiring upon that effective date. In the event the merger is not consummated, he will continue to serve as a director until First Financial's 2018 annual meeting.

Following Meyer's decision not to stand for re-election, Richard Olszewski has decided not to retire and will stand for re-election at the 2018 annual meeting. First Financial previously disclosed that Olszewski would retire from the board upon the effective date of the consummation of the merger.

An April 13, 2017, proxy statement shows that Meyer is an owner and the president of Clean Title Agency Inc., and is also a part owner and operator of three other title agencies in central Ohio. Olszewski is the owner and operator of two 7-Eleven Food Store franchises.

* Northwest Bancshares Inc. said that Executive Vice President, Controller and Principal Accounting Officer Gerald Ritzert resigned to pursue other career opportunities.

He joined the Warren, Pa.-based company in 2003 and has agreed to continue in his current position through March 16.

* American Savings Bank FSB promoted Senior Vice President and Director of Operations Ann Teranishi to executive vice president of operations.

The Honolulu-based bank is a unit of ASB Hawaii Inc.; Hawaiian Electric Industries Inc. is the ultimate parent of American Savings Bank and ASB Hawaii.

* Pittsburgh-based F.N.B. Corp. named Vikrant Rai senior vice president and manager of residential secondary and capital markets within its mortgage banking unit, the Pittsburgh Business Times reported.

He was a first vice president at New York Community Bancorp Inc.'s New York Community Bank.