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Banking management and director moves

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Banking management and director moves

S&P Global MarketIntelligence presents a daily roundup of management and board changes in thebank and thrift industry. This feature excludes C-level leadership changes andstories previously covered by S&P Global Market Intelligence.

Maitland,Fla.-based AxiomBank, a subsidiary of Axiom Bancshares Inc., named senior vice president ofcommercial banking.

Allenhas over 20 years of experience in banking, including business development,credit and operations, according to a July 11 news release.


, age 92, notifiedCleveland-based TFS FinancialCorp. (MHC) of his retirement from the company's board, effectiveimmediately. He will assume the role of director emeritus.

TFSFinancial, the holding company for Third Federal Savings and Loan Association of Cleveland(MHC), does not intend to replace Stefanik. It will amend itsbylaws to decrease the size of its board from 11 to 10 directors, according toa Form 8-K filed July 11.

TFSFinancial is owned in part by Third Federal Savings and Loan Association of ClevelandMHC.


Charlotte,N.C.-based Park SterlingCorp., the parent of Park Sterling Bank, appointed market president forRichmond, Va.

Cowgillsucceeds Gary Armstrong, who is leaving the company after the of the and integration ofGlen Allen, Va.-based into ParkSterling Bank, according to a July 11 news release. Cowgill most recentlyserved as commercial real estate banking leader for Park Sterling's Richmondmarket.


Norwich,N.Y.-based NBT BancorpInc. and JeffreyLevy mutuallyagreed to terminate Levy's employment without cause, effective as of Aug. 10,in accordance with his previously disclosed employment agreement. Levy servesas executive vice president and president of commercial banking for the company,according to a Form 8-K filed July 11.

NBTBancorp Inc. is the holding company for NBT Bank NA.


MBEquipment Finance, a unit of Chicago-based MB Financial Bank NA, named senior vice president ofcapital markets. Ducray was previously with Citizens Asset Finance Inc., wherehe served as senior vice president of capital markets for 12 years, accordingto a July 11 news release.

MBFinancial Bank is a subsidiary of MB Financial Inc.


,affiliate of Cleveland-based KeyCorp, appointed Loren Hill senior vice president, commercialmanufacturer and vendor sales. Hill previously served as global head of capitalmarkets at IBM Global Financing, according to a July 11 news release.

KeyCorpis the holding company for KeyBank NA.