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Bank OZK adds 2 directors; First Foundation names SVP

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Bank OZK adds 2 directors; First Foundation names SVP

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.

Banking

Glen Burnie Bancorp elected Joan Rumenap and Stanford Hess to its board to fill the vacancies resulting from the increase in the number of directors to 11 from nine.

Hess is a member of Neuberger Quinn Gielen Rubin & Gibber PA, the outside counsel of the Glen Burnie, Md.-based company.

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First Foundation Bank appointed Michael Hines regional director of specialty deposits and Darlene Esquerra senior vice president and specialty deposits banker at its specialty deposits team.

Hines previously served as senior vice president and director of specialty deposits at Los Angeles-based Bank of Hope, a unit of Hope Bancorp Inc.

Esquerra was most recently senior vice president, institutional banking manager and community development officer at Grandpoint Bank.

Irvine, Calif.-based First Foundation Bank is a subsidiary of First Foundation Inc.

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Little Rock, Ark.-based Bank OZK elected Beverly Cole and Steven Sadoff to its board to fill the vacancies resulting from the increase in the number of directors to 18 from 16.

Cole, 67, is the CEO of family-owned real estate company Cole Renwick LLC. Sadoff, 54, is the chief information officer of Fenics, a business of BGC Partners Inc.

Bank OZK also disclosed that on Aug. 10, its board approved an amendment and restatement of the bank's bylaws to eliminate the requirement that the chairman be an officer of the bank. The prior bylaws required that the chairman must also be an officer of the bank.

The amendment also clarified that, in addition to those principal officers specifically designated by the bylaws, the bank shall have such other principal officers as may be determined by or under the authority of the board.

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Troy Brooks is resigning as a director of Covington, Ga.-based Community First Bancshares Inc (MHC) and subsidiary Newton Federal Bank (MHC), effective Aug. 31.

Brooks serves as the CFO and assistant administrator of fiscal services at Newton Health System Inc., S&P Global Market Intelligence records show.

Financial services

Kevin Campbell and Eric Wilcomes left DuPont Capital Management, Pensions & Investments reported.

Campbell was managing director and Wilcomes was director and portfolio manager in the company's private markets team.