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Banking management and director moves

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Banking management and director moves

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.

* The Federal Reserve Bank of Philadelphia appointed several executives, according to a press release.

Michael Dotsey was named executive vice president, director of the research department and director of the new consumer finance institute. He has been with the Philadelphia Fed since 2002 and is a former vice president and senior economic policy adviser.

The Reserve Bank promoted Vice President Patricia Wilson to senior vice president, in addition to her positions as chief of staff and corporate secretary.

Bob Hunt, a former senior economist in the research department, was named senior vice president, associate director of the consumer finance institute and director of the payments cards center.

Keith Sill, Philadelphia Fed's director of the real-time data research center and a former assistant vice president, was also promoted to senior vice president of the research department.

* South Burlington, Vt.-based Merchants Bancshares Inc. appointed Richard Donovan interim principal accounting officer, interim principal financial officer, and interim treasurer, effective immediately.

Donovan joined the company in September 2016, and previously served as interim controller, according to a Form 8-K.

* John Murphy, a member of Glens Falls, N.Y.-based Arrow Financial Corp.'s board of directors, will retire, effective Dec. 31.

Murphy is a retired executive vice president and CFO of the company's unit, Glens Falls National Bank and Trust Co., according to a Form 8-K.