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Banking management and director moves


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Banking management and director moves

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

* Citizens Financial Group Inc.'s Citizens Bank named Kevin von Busch head of wealth management lending solutions, according to Boston citybizlist.

He was a senior wealth management credit executive at Bank of the West.

* The Orlando (Fla.) Business Journal reported the promotion of Greg Dryden to the roles of Orlando city president and senior vice president, commercial sales manager at Fifth Third Bank.

He has been with Fifth Third Bank in St. Louis for the past six years.

The bank is a unit of Fifth Third Financial Corp. Its ultimate parent is Fifth Third Bancorp.

* Oaktree Capital Management LP Managing Director Michael Harmon resigned as a director of San Juan, Puerto Rico-based First BanCorp. and its subsidiary bank, FirstBank Puerto Rico.

Oaktree was entitled to designate a person to serve on First BanCorp.'s board for as long as Oaktree owned at least 25% of the number of First BanCorp. common shares acquired in First BanCorp.'s private offering of shares in 2011. Following the recent secondary offering of 20 million common shares by Oaktree and funds affiliated with Thomas H. Lee Partners LP, Oaktree has reduced its ownership in First BanCorp. common stock from 9.3% to about 4.6% or 19.8% of the shares they acquired in the private offering of shares in 2011.

* Federal Home Loan Bank of Pittsburgh's board elected Teresa Bryce Bazemore to fill its vacant independent director position. Bazemore, retired president of Radian Guaranty Inc., was elected to serve the remainder of former independent director Brian Hudson's term which expires Dec. 31, 2020.