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Top banking moves: Ameris Bank taps parent exec for CEO role

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

Dec. 7

In connection with New Jersey-based Audubon Savings Bank's merger into Levittown, Pa.-based William Penn Bank (MHC), Audubon Savings Bank President and CEO Kenneth Stephon will join the William Penn Bancorp Inc. (MHC) unit's current executive team as senior executive vice president and COO.

The combined company will be headed by Terry Sager as president and CEO. Stephon will succeed Sager upon the latter's retirement in early 2019. Sager will then continue to serve as a director.

Dec. 6

Dennis Zember Jr. will become CEO of Ameris Bank, effective Jan. 1, 2018. He will retain his executive vice president and COO positions at Ameris Bancorp, but will step down from his CFO role at the company.

Zember will succeed Edwin Hortman, the current bank CEO. Hortman remains president and CEO of Ameris Bancorp and will become executive chairman of both Moultrie, Ga.-based entities.

Nicole Stokes, Ameris Bank senior vice president and CFO, takes on the additional role of CFO at parent company Ameris Bancorp.

Dec. 4

Deborah Deters joined Dubuque, Iowa-based Heartland Financial USA Inc. as executive vice president and chief human resources officer.

Deters previously was senior vice president and chief human resources officer of Hub International Ltd.

* * *

James DuBose died Dec. 1 after a battle with cancer.

DuBose had been the chairman emeritus of Fort Worth, Texas-based DuBose & Associates Insurance Agency; First Western Mortgage Corp.'s Colonial Savings F.A. and Colonial National Mortgage; and CICO Holding Corp.'s Colonial Life Insurance Co. of Texas and Colonial Mortgage Insurance Co.

* * *

Susan Miller on Dec. 8 will step down from her roles of deputy CFO, chief accounting officer and principal accounting officer at First Busey Corp. to assume the CFO role at a private bank.

The Champaign, Ill.-based company had tapped Jennifer Simons — previously the CFO of Weston, Fla.-based Florida Community Bank NA — to serve as executive vice president, chief accounting officer and principal accounting officer.

Nov. 30

Mark Oldenberg's appointment as CFO of Wausau, Wis.-based PSB Holdings Inc. and subsidiary Peoples State Bank took effect Dec. 4.

Oldenberg was Eau Claire, Wis.-based Citizens Community Bancorp Inc.'s executive vice president and CFO.