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.
* Old Line Bancshares Inc. promoted Elise Hubbard to executive vice president and CFO of the Bowie, Md.-based company and subsidiary Old Line Bank from senior vice president and CFO.
* Eastern Bank said that General Counsel and Corporate Secretary Kathleen Henry and Director of Enterprise Risk Management Steven Antonakes were promoted to executive vice president and appointed to its management committee.
The Boston-based bank is a unit of Eastern Bank Corp.
* Henry Mariani intends to retire as a director of Bank of the Ozarks at the end of his current term and not stand for re-election at its 2018 annual shareholders meeting.
His decision to not stand for re-election to the board is not the result of any disagreement with the Little Rock, Ark.-based company.
SNL records show that since 2004, Mariani has been the chairman and CEO of skin care company Alluratec Inc.
* Robert O'Meara and Patrick McDonnell are set to retire from First Midwest Bancorp Inc.'s board upon the conclusion of their current terms of office, which will expire at the Itasca, Ill.-based company's annual meeting of stockholders to be held on May 16.
O'Meara has more than 45 years of experience in the banking and financial services industry; McDonnell has served as the president and CEO of The McDonnell Co. LLC since 2000, according to SNL records.
* Irvine, Calif.-based Opus Bank appointed Mark Deason to its board, replacing Thomas Bowers, who concurrently resigned as a director.
Deason serves as managing director and head of U.S. asset management of Starwood Capital Group.
SNL records show that Bowers serves as managing director and COO of Starwood Capital Group Management LLC.
Under the terms of a stock subscription agreement entered into between Opus Bank and Starwood in connection with the recapitalization of the bank in September 2010, Starwood has the right to nominate a director to serve on the board, provided that the nominee is reasonably acceptable to the bank and meets all reasonable, generally applicable qualifications required by the bank's written policies and committee charters.
* Chemung Financial Corp.'s board elected David Buicko, Denise Gonick and Jeffrey Streeter as directors. They will stand for shareholder election at the May annual shareholders' meeting. All directors of the Elmira, N.Y.-based company also serve on the board of subsidiary Chemung Canal Trust Co.
Buicko is president and CEO of the Galesi Group. Gonick, Esq., is president and CEO of MVP Health Care Inc. Streeter is president of Streeter Associates.
* Cambridge, Mass.-based Cambridge Bancorp and subsidiary Cambridge Trust Co. said that Marc Gearin was appointed senior vice president of private banking, responsible for acquiring and developing new high-net-worth client relationships, both personal and commercial.
He was vice president of private banking at Bank of New York Mellon Wealth Management's Boston office.
SNL is owned by S&P Global Market Intelligence.
