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Top banking moves through April 5

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Top banking moves through April 5

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

April 5

PNC Financial Services Group Inc. appointed Augustine Faucher chief economist, effective immediately.

Faucher joined the Pittsburgh-based company in 2011 and was recently its deputy chief economist. He succeeds Stuart Hoffman, who will serve as PNC's senior economic adviser.

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Tom Grant, chief credit officer of Orlando, Fla.-based Three Shores Bancorp. Inc., retired at the end of the first quarter.

Kevin Kilgannon succeeded Grant and had been transitioning into the role since the beginning of the year. Kilgannon was originally hired as a part-time credit consultant in 2016.

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Seattle-based HomeStreet Inc. appointed Mark Ruh interim CFO, effective April 24. Ruh was hired in January as senior vice president for corporate development and strategic investment.

Current CFO Melba Bartels steps down April 23 to join Tukwila, Wash.-based Boeing Employees Credit Union.

April 4

Brentwood, Tenn.-based Reliant Bank, a unit of Commerce Union Bancshares Inc., named Alan Mims executive vice president and chief risk officer.

Mims most recently was senior examiner and case manager for the Federal Reserve Bank of Atlanta.

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Western Alliance Bancorp. hired Jim Haught as executive vice president and COO, placing him in charge of operations, risk management and IT.

Before joining the Phoenix-based company, Haught was managing partner for financial services at Exequor Group.

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Farmers Trust Co. named James Smail chairman.

Smail was vice chairman of the board of Canfield, Ohio-based Farmers National Banc Corp. and was a director of Farmers Trust Co. since July 2015.

Farmers National Banc Corp. is also the holding company for Farmers National Bank of Canfield.

April 3

Westfield, Mass.-based Western New England Bancorp named Guida Sajdak executive vice president, CFO and treasurer of the company and its unit, Westfield Bank, effective April 24.

Sajdak will replace Leo Sagan Jr., who will become senior vice president and chief risk officer of the company and its unit on the same day.

Sajdak joined the company in October 2016. Sagan, who has more than 31 years of banking experience, has held the CFO and treasurer posts since 2008.

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Grand Savings Bank made a number of executive and board appointments, Arkansas Business reported.

The Grove, Okla.-based bank appointed Natalie Bartholomew chief marketing officer and vice president, according to the report. Bartholomew, with over 16 years of banking experience under her belt, will also work as a loan officer.

Grand Savings also promoted Tyler Steele, who supervises all market presidents and is in charge of loan and deposit growth, to vice chairman at the bank in Bentonville.

The bank is a unit of Grand Bancorp Inc.

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The Federal Home Loan Bank of San Francisco appointed Lisa Violet as senior vice president and chief risk officer.

Violet most recently was chief audit executive at Hitachi Data Systems.

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In connection with the deal closing of Kilmarnock, Va.-based Bay Banks of Virginia Inc. and Petersburg, Va.-based Virginia BanCorp Inc., Gary Armstrong, who is Bank of Lancaster's executive vice president and Richmond market executive, will join and keep his positions in the combined bank.

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Wilmington, N.C.-based Live Oak Bancshares Inc. named Scott Custer president of its unit, Live Oak Banking Co.

He replaces Neil Underwood, who remains the president of Live Oak Bancshares.

Custer resigned last week as director of Pittsburgh-based F.N.B. Corp.

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Following the death of M&T Bank Corp. President Mark Czarnecki, the Buffalo, N.Y.-based company delegated his responsibilities to three vice chairmen, Richard Gold, Renè Jones and Kevin Pearson.

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First National Bank Cortez President and Director Byron Maynes retired, The (Cortez, Colo.) Journal reported.

He held different roles at the Cortez-based bank from 1983 to 1993. He returned as president and CEO in 2007.

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Mount Pleasant, Mich.-based Isabella Bank Corp. named Jae Evans president.

He became a director of the company and unit Isabella Bank, as well as CEO of the company, in 2014.

Evans assumed the post of president from Dennis Angner, who retired as president, CFO and a director of the company and as a director of the bank. Angner did not retire due to any disagreement with the company or the bank.

Also, the company appointed Rhonda Tudor interim CFO. She has served as its controller and vice president since 2015.

March 30

Evolve Bank & Trust promoted Mark Mosteller Sr. to executive vice president and CFO.

Mosteller joined the Memphis, Tenn.-based bank in 2015 and has been in charge of the finance and accounting group.

The bank is a unit of Evolve Bancorp Inc.

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Seneca, S.C.-based Oconee Federal Financial Corp. (MHC) named John Hobbs senior vice president and CFO of the company and its unit, Oconee Federal Savings and Loan Association (MHC).

Hobbs previously served as CFO of Greer, S.C.-based Greer Bancshares Inc.

Oconee Federal MHC is the ultimate parent of Oconee Federal Financial and Oconee Federal Savings.

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Ken Donahue, executive vice president and chief administrative officer of Fresno, Calif.-based United Security Bancshares, is retiring effective April 30.

He intends to sell some or all of his shares in the company's common stock to help fund his retirement.

Other executives will assume Donahue's responsibilities once his retirement date draws near. The company has also hired a chief risk officer and controller/CPA in connection with the retirement.

Donahue will continue to serve as a consultant for the company after he retires.