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Top banking moves: Planters Bank names president, chief credit officer

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Top banking moves: Planters Bank names president, chief credit officer

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

June 13

Following the completion of First Mid-Illinois Bancshares Inc.'s acquisition of First BancTrust Corp., Matt Carr, the former president of Paris, Ill.-based First Bank & Trust IL, was appointed executive vice president of the northern region of First Mid-Illinois Bank & Trust NA.

June 12

Lincoln 1st Bank (MHC) named Erik Terpstra vice president and CFO.

Terpstra was previously a member within the financial institution industry group for BDO USA LLP.

The Lincoln Park, N.J.-based bank is a unit of Lincoln Park Bancorp MHC.


Kenneth Quigley Jr. was appointed chairman of Stoughton, Mass.-based Randolph Bancorp and unit Envision Bank.

Quigley, who has been a director of both boards since 2013, replaced Louis Trubiano.


Peoples State Bank, a unit of PSB Holdings Inc., named Tim Dively COO.

Dively joins the Wausau, Wis.-based bank from Nationwide Mutual Insurance Co., where he was IT application, operations and infrastructure manager.


Luther Burbank Corp. named Robert Armstrong executive vice president and chief banking officer. He most recently served as director of business and online banking at the Santa Rosa, Calif.-based company.


Gary Sims was appointed chief credit officer of Iowa City, Iowa-based MidWestOne Financial Group Inc. and unit MidWestOne Bank, effective Sept. 1. He will succeed Kent Jehle, who is retiring on the same date.

Effective June 25, however, Sims will become senior vice president of credit administration for both entities.

Sims most recently was managing director for corporate and institutional at NBH Bank.

June 11

Planters Bank Inc. named Kelley Workman president and Leigh Durden chief credit officer.

Workman previously was executive vice president and chief credit officer, while Durden was senior vice president of corporate banking.

The Hopkinsville, Ky.-based bank is a unit of Planters Financial Group Inc.

June 8

John T. Vucurevich Foundation President and CEO Sandy Diegel is retiring in January 2019.

Diegel, who has been with the entity since February 2007, will continue to serve as a member of the foundation's board.

The Rapid City, S.D.-based company expects to name a new CEO by the end of 2018.


Deborah Cole, CEO of Citizens Savings Bank and Trust Co., has left the bank, the Nashville Business Journal reported.

Cole has been with the bank for 39 years.

Chief Credit Officer Sergio Ora was named interim CEO.

Nashville, Tenn.-based Citizens Savings Bank is a unit of CSB&T Bancorp Inc.


West Palm Beach, Fla.-based FirstCity Bank of Commerce named John Stephens CEO, Tracy Keegan president and CFO and Phillip Buddenbohm chief lending officer. They will serve on an interim basis pending regulatory approval.

The three executives were previously from Jackson, Fla.-based Atlantic Coast Financial Corp., which was acquired by Ameris Bancorp. Stephens was Atlantic Coast's president and CEO; Keegan was executive vice president, CFO and corporate secretary; and Buddenbohm was executive vice president and chief credit officer.


Allen Gula Jr., executive vice president and COO of Columbus, Ga.-based Synovus Financial Corp., is retiring by the end of 2018.

June 7

Downingtown, Pa.-based DNB Financial Corp. Chief Commercial Lending Officer Christopher McGill is resigning, effective June 15.

McGill is planning to pursue other business opportunities.

C. Tomlinson Kline was appointed interim chief commercial lending officer.