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.
* Costa Mesa, Calif.-based Pacific Mercantile Bank named Douglas Spencer, Chad Kenney and Lisa Wright senior vice president/regional manager of its Century City, Costa Mesa and San Diego offices, respectively.
Spencer formerly served as senior vice president/regional manager of the Costa Mesa office of the bank, a subsidiary of Pacific Mercantile Bancorp.
Kenney was previously with Winter Haven, Fla.-based CenterState Bank NA, a unit of CenterState Bank Corp.
Wright was regional sales manager at Los Angeles-based City National Bank, a unit of Royal Bank of Canada.
* KeyCorp Head of Corporate Responsibility Bruce Murphy intends to retire on July 1.
Don Graves will succeed Murphy and assume responsibility for the company's corporate responsibility and community relations functions.
Graves joined the company in 2017 as senior director of corporate community initiatives and relations.
* Bank of South Carolina Corp. said that Susanne Boyd and Eugene Walpole IV are recommended for nomination to the board by the board's nominating committee. This recommendation was approved by the board in December 2017 and will be voted on at the 2018 annual meeting, which will be held April 10.
Boyd, 41, has served as the COO of the Charleston, S.C.-based company and unit Bank of South Carolina since 2015 and was named their executive vice president in 2017.
Walpole, 33, was named CFO of the company and the bank in 2016. He was named their executive vice president in 2017.
* Old National Bancorp said that Ryan Kitchell and Thomas Salmon were nominated for election to the board on Jan. 25.
Shareholders of the Evansville, Ind.-based company will hold their annual meeting April 26, when the election of the company's board, among others, will take place.
The company also said that Niel Ellerbrook, Arthur McElwee Jr. and James Morris are retiring as directors.
Kitchell, 44, serves as executive vice president and chief administrative officer of Indiana University Health. Salmon, 54, currently serves as chairman and CEO of Berry Global Inc.
Ellerbrook, 69, has decided not to stand for re-election at the April 26 annual meeting of Old National shareholders. His decision was not a result of any dispute or agreement with management or the board but was born out of physical limitations he possesses which limit his ability to travel.
McElwee is 75; Morris will be 75 at the time of the annual meeting. Therefore, in accordance with the company's mandatory retirement age policy, they will not be standing for re-election.
SNL records show that Ellerbrook was chairman and CEO of Vectren Corp.; McElwee serves as a partner in McElwee Real Estate LLC; and Morris serves as vice chairman of Pacers Sports & Entertainment.
* Waukesha, Wis.-based Waukesha State Bank appointed Cindy Gnadinger to its board.
Gnadinger has been president of Carroll University since July 2017 and replaces Doug Hastad, former president of Carroll University, who had served on the bank's board since 2008.
The bank is a unit of Bank Street Capital Corp.
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