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Sterling Bancorp director resigns; River Valley Community CEO joins board


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Sterling Bancorp director resigns; River Valley Community CEO joins board

S&P Global Market Intelligence presents a daily roundup of management and board changes in the financial services and bank and thrift industries. This feature excludes C-level leadership changes and stories previously covered by S&P Global Market Intelligence.

Salinas, Calif.-based 1st Capital Bank named Phil Morreale senior vice president and managing director of the San Luis Obispo County market.

Morreale has held various management positions in the banking industry, specializing in relationship management, commercial lending and growing a de novo bank branch.


Wausau, Wis.-based Peoples State Bank promoted Craig Lau to Northern Market president, filling the position left open after the recent retirement of Tom Knudsen.

Lau was a vice president of commercial lending based in Rhinelander for the past seven years.

The bank is a unit of PSB Holdings Inc.


Yuba City, Calif.-based River Valley Community Bancorp with its subsidiary, River Valley Community Bank, disclosed the appointment of John Jelavich as a director.

Jelavich will continue in his current capacity as president and CEO of River Valley.


James Deutsch resigned from the board of Montebello, N.Y.-based Sterling Bancorp due to personal reasons.

Deutsch has been a managing director at Patriot Financial Partners LP since 2011 and serves as its partner, S&P Global Market Intelligence records show.


April Box, Blake Bozman and Gordon Huddleston resigned from the board of Dallas-based Veritex Holdings Inc.

S&P Global Market Intelligence records show that Box was the president and CEO of Methodist Health System Foundation and senior vice president of external affairs for Methodist Health System from 2002 to 2016. Bozman serves as the managing director of Freedom Truck Finance LLC. Huddleston is a partner of Aethon Energy Management LLC and serves as a co-president since 2013.

The resignations were accepted to accommodate new directors whose appointments were related to the company's acquisition of Green Bancorp Inc., which closed Jan. 1.

Former Green directors Manuel Mehos, 64; Steven Lerner, 65; and William Ellis, 56, were appointed to the Veritex board. Mehos was CEO of Green Bancorp, Lerner is the president and CEO of TRC Ventures LP, and Ellis held senior executive positions at several financial institutions.


Roy Whitehead resigned as a director of Washington Federal Inc. and subsidiary Washington Federal NA.

Whitehead served as the Seattle-based company's CEO from October 2000 to March 2017 and president from March 1999 to March 2017, according to S&P Global Market Intelligence records.