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Top banking moves: Stone Bank appoints COO; Relyance Bank names chairman


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Top banking moves: Stone Bank appoints COO; Relyance Bank names chairman

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

Jan. 8

Southern Pines, N.C.-based First Bank named Donna Ward executive vice president and COO, effective Jan. 1.

Ward succeeds Rex Scott, who is retiring in August. Ward previously was director of project management for the bank.

First Bank is a subsidiary of First Bancorp.


Patrick O'Brien voluntarily resigned as president and CEO of CB Financial Services Inc. and unit Community Bank.

Barron McCune Jr., the former CEO of the bank, was named interim president and CEO of CB Financial and Community Bank.

Jan. 7

Mountain View, Ark.-based Stone Bank appointed Janet Moore COO, Talk Business & Politics reported.

Moore was most recently executive vice president and COO of Batesville, Ark.-based Citizens Bank, a unit of Citizens Bancshares of Batesville Inc.

Stone Bank is a unit of Stone Bancshares Inc.

Jan. 6

Pine Bluff, Ark.-based Relyance Bank NA named Charles Morgan Jr. chairman and promoted Scott Pittillo to bank president, Arkansas Business reported.

Morgan, who previously was the bank's president and CEO, will retain the CEO role. Pittillo most recently was senior executive vice president and CFO.


First State Bank of Middlebury named Jared Sponseller senior vice president and CFO at the bank's Middlebury office, The Goshen (Ind.) News reported.

Sponseller has been with the bank for more than 14 years.


J. Grant Smith was named Michigan president for Toledo, Ohio-based Waterford Bank N.A. following the completion of Waterford, Mich.-based Clarkston State Bank's merger into the bank, The Oakland Press of Troy, Mich., reported.

Smith was president and CEO of Clarkson State Bank.


Beloit, Wis.-based First National Bank and Trust Co. President David McCoy was also appointed CEO of the bank.

McCoy has been the bank's president since January 2018.

Steve Eldred, who previously held the CEO role, will continue as executive chairman of First National Bank and Trust and chairman and CEO of its parent company, Centre 1 Bancorp Inc.


Wisconsin-based State Bank of Cross Plains appointed Sue Loken as senior vice president and CFO, the Waunakee (Wis.) Tribune reported.

Loken officially assumed the position Dec. 16, 2019. She previously was chief risk officer at Manitowoc, Wis.-based Bank First Corp.

Jan. 3

First of Long Island Corp. named Jay McConie executive vice president and CFO of the Glen Head, N.Y.-based company and its unit, First National Bank of Long Island, effective Jan. 1.

McConie was also appointed treasurer of the company and cashier of the bank, according to a filing. He previously was senior vice president and chief investment officer of the bank.

First of Long Island announced that Mark Curtis retired as senior executive vice president and CFO of the company and the bank, and as treasurer of the company and cashier of the bank, effective Jan. 1.


Bismarck, N.D.-based Starion Bank appointed Don Morgan president, while Craig Larson continues as company CEO and chairman of the board.

Morgan was most recently chief credit officer and has been on the bank's executive committee since 2014.


Walla Walla, Wash.-based Baker Boyer Bancorp named Jolene Riggs executive vice president and CFO.

Riggs joined the company in 2006 as controller and was named vice president in 2007. Mark Hess, who previously held both the CFO and COO roles, will remain on the executive committee as COO.

The bank also appointed Kain Evans as executive vice president and chief information officer. He joined the company in 2013 as director of information technology.


Charleroi, Pa.-based cfsbank President and CEO Neil Bassi retired from his executive roles and from the bank's board, effective Dec. 30, 2019, the (Washington, Pa.) Observer-Reporter reported, citing his brother Brad Bassi.

An interim president has been named to replace him, the report said. The news outlet was not able to reach Neil Bassi for comment.

Jan. 2

Virginia Commonwealth Bank President C. Frank Scott III will retire, effective June 30.

Scott plans to continue as chairman of Virginia Commonwealth Bank's holding company, Bay Banks of Virginia Inc.

Virginia Commonwealth Bank CEO Randal Greene will assume the role of president, effective July 1. Greene is also vice chairman, president and CEO of Bay Banks of Virginia.

Additionally, Michael Troutman was named chief revenue officer of Virginia Commonwealth Bank. He previously held various leadership roles at BB&T, including most recently in Newport News, Va., as senior vice president and market president.