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Top banking moves: Michigan's Independent Bank names successor to retiring CFO

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

Aug. 28

Park Bank President and CEO David Werner will lead the Milwaukee and southeast Wisconsin market for Chicago-based First Midwest Bancorp Inc. once First Midwest completes its acquisition of Milwaukee-based Park Bank and its parent company, Bankmanagers Corp.

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Winston-Salem, N.C.-based Piedmont Federal Savings Bank appointed David Barksdale CEO, effective Sept. 16, the Winston-Salem Journal reported. Until then, Mike Hauser will remain interim CEO.

Barksdale's career includes serving as chief lending officer at Florence, S.C.-based First Reliance Bancshares Inc.

Aug. 27

Edina, Minn.-based Crown Bank, a unit of Crown Bankshares Inc., named Paul Moen CFO. Moen has been CFO at various financial institutions and community banks in the Midwest.

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Planters Bank & Trust Co. appointed Alan Hargett CEO, effective Sept. 1, the Mississippi Business Journal reported. Hargett is the bank's president and COO.

Current CEO James Clayton will keep the chairman role at the Indianola, Miss.-based bank, a unit of Planters Holding Co.

Aug. 26

Stephen Erickson, CFO of Effingham, Ill.-based Midland States Bancorp Inc. and unit Midland States Bank, resigned.

Erickson will become the CFO for Grand Rapids, Mich.-based Independent Bank Corp., the parent company of Independent Bank, starting Feb. 1, 2020.

Robert Shuster, the current executive vice president and CFO of Independent Bank Corp. and Independent Bank, had notified the organization of his intention to retire Jan. 31, 2020. Starting Sept. 23, Erickson will be executive vice president and treasurer and will succeed Shuster following his retirement.

Aug. 24

Renee Hinkson will be CFO at Loyal Trust Bank, whose de novo community bank charter was approved by Georgia's Department of Banking and Finance.

Aug. 23

Federal Home Loan Bank of New York Chief Bank Operations Officer and Community Investment Officer Paul Héroux is set to retire from the bank as of the close of business Sept. 30.

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Idaho First Bank promoted Stephen Speidel to senior vice president and CFO. He replaced Don Madsen, who retired June 30, as CFO of the McCall, Idaho-based bank. Speidel previously was the bank's controller.

Aug. 22

Atlanta-based SouthCrest Financial Group Inc. appointed Harold Wyatt III chairman, replacing Joan Cravey, who remains on the company's board. Tony Scavuzzo succeeded Wyatt as vice-chairman.

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Canadian Imperial Bank of Commerce Senior Executive Vice President and CFO Kevin Glass is set to retire Jan. 1, 2020.

Glass will stay on as CFO until Oct. 31, and then will be a special adviser until his retirement. The company named Hratch Panossian, executive vice president, global controller and investor relations, to succeed Glass Nov. 1.

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Aquesta Bank promoted Rick Eveson to chief operations and compliance officer, replacing Carrie Hewitt, the Charlotte (N.C.) Business Journal reported. Eveson earlier was a retail lending executive at the Cornelius, N.C.-based bank, a unit of Aquesta Financial Holdings Inc.

Hewitt now works as the director of internal audit and compliance at Albemarle, N.C.-based Uwharrie Bank, a unit of Uwharrie Capital Corp.