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Marlin Business Services gives update on CEO search

Mount Laurel, N.J.-based MarlinBusiness Services Corp. executives gave an update on the bank's CEOsearch during the company's April 29 earnings call.

Interim CEO Ed Siciliano said that Marlin's board has extendedan offer to "a highly qualified industry executive." He said that thebank is in the process of finalizing the terms of the offer and will make a formalannouncement in early May.

Regarding the bank's search for a chief credit officer, CFO TaylorKamp said that the company is working with Heidrick & Struggles to find an executiveto fill the position, but will have more information on the search next quarter.