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Top banking moves through April 6

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Top banking moves through April 6

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

April 6

has joined Butler, Pa.-based as chief risk officer,the Pittsburgh Business Times reported.

Previously deputychief credit officer at the FederalHome Loan Bank of Pittsburgh, he succeeds Mark Schoen. Schoen, in turn,has been named chief knowledge officer.

NexTier Bankis a subsidiary of NexTier Inc.

April 5

Midland, Texas-basedSecurity Bank promotedMonty Rogers to president,Bankers Digest reported. He most recentlyserved as executive vice president and chief lending officer at the unit.


named treasurer, effective immediately,replacing Greg Hackworth, The Wall Street Journal reported April 5, citing"people familiar with the matter."

Magasiner isBofA's CFO for its investment banking and trading divisions.

Hackworth, whohas been treasurer since 2013, is retiring, but will remain with BofA until May31 to assist with the transition.


Fort Lee, N.J.-basedBancorp of New Jersey Inc.named Nancy Graves presidentand CEO.

Graves willalso serve on the board of the company and its subsidiary, Bank of New Jersey.

Graves was previouslypresident and CEO of Pascack BancorpInc. and Pascack CommunityBank.


Buckley, Ill.-basedBuckley State Bank CFOand Vice Chairman Dennis Luhrsenhas retired.

Luhrsen retiredfrom both management and the board on Dec. 31, 2015, President and CEO Thomas Schuldtsaid in an interview.

Buckley StateBank is a unit of Buckley Bancorp Inc.


Akron, Ohio-basedFirstMerit Corp. Vice Chairmanand Chief Commercial Banking Officer DavidGoodall provided the company with his notice of resignation April 1,effective on the same date as the notice.

April 4

Downingtown,Pa.-based DNB Financial Corp.appointed William Hiebpermanent president and CEO and James Thornton permanent chairman. Hieb and Thorntonhad held their positions in an interim capacity since mid-January, following thedeath of Chairman and CEO William Latoff.

Also, in relationto the company's pending dealwith Philadelphia-based East RiverBank, East River President and CEO Christopher McGill is set to joinDNB as executive vice president and chief business development officer. Jerry Cotlov,executive vice president and chief lending officer of East River, would join DNBas senior vice president and assistant chief commercial lending officer. In addition,East River Chairman John McGill Jr. would join DNB's board as vice chairman.


Millbury, Mass.-basedMillbury National Banknamed Suzanne Nydam vicepresident and CFO, the (Worcester, Mass.) Telegram& Gazette reported. Nydam has been a director of the bank since 2015.

April 1

resigned from her post asCFO of Cashmere, Wash.-based CashmereValley Bank.

Vice Presidentand Controller Aaron Strong has been appointed interim CFO.


intends to resign, effectiveApril 29, from his position as executive vice president and chief risk officer atCosta Mesa, Calif.-based Pacific MercantileBancorp and unit PacificMercantile Bank.

Stevens willalso resign as CEO and director of Pacific Mercantile Bancorp's subsidiary PM AssetResolution Inc.


announced that he will retireas chairman of Moline, Ill.-based QCRHoldings Inc. He will retire at the time of the bank's annual meetingin May but remain on the board for a year to assist the new chair with an orderlytransition. He will completely retire in May 2017.


, chairman of unit, , died.


, who had been CFO of Charleston,S.C.-based Bank of South CarolinaCorp. and unit Bank ofSouth Carolina since 2010, retired from the position March 29. She willretire from her post as executive vice president of the company and the bank April12.

Sharry's decisionto retire from the company and the bank is the result of her decision to take earlyretirement. She will continue to serve on the board of the two entities after herretirement if re-elected by the shareholders.

In anticipationof Sharry's upcoming retirement, the board of the company and the bank March 24appointed Eugene Walpole IV CFO and senior vice president of the Bank of South CarolinaCorp. and CFO of Bank of South Carolina.


Williamsport,Pa.-based Penns Woods Bancorp Inc.promoted Aaron Cunninghamto senior vice president and chief credit officer for the company and its subsidiaries,Jersey Shore State Bankand Luzerne Bank.


Clifton, N.J.-basedClifton Savings Bank,a unit of Clifton Bancorp Inc.,appointed Michael LeslerCOO.

Lesler mostrecently was CEO for Fort Lee, N.J.-based Bancorpof New Jersey Inc.

Bart D'Ambra,who has been executive vice president and COO of Clifton Savings Bank since March2003, will retire Dec. 31.


Charles Umberger,president and CEO of Oldtown Bank,became executive vice president and chief lending officer of Entegra Bank following the close of EntegraFinancial Corp.'s acquisitionof Oldtown.

March 31

New Orleans-basedFifth District Savings Bank'sboard elected Brian Northto succeed Michael Nolan as president and CEO, New Orleans CityBusiness reported.


Irvine, Calif.-basedBanc of California Inc.promoted Thedora Nickelto chief administrative officer.

Nickel, whomost recently served as executive vice president of operations and joined Banc ofCalifornia in 2013, was also appointed to the company's executive committee.