S&P Global Market Intelligence presents a weekly news summary of executive management and board chair-level changes in the bank and thrift industry.
Once the pending merger between Overland Park, Kan.-based Bank of Blue Valley and Merriam, Kan.-based Morrill and Janes Bank and Trust Co. closes, Bank of Blue Valley Chairman, President and CEO Robert Regnier is slated to become executive chairman and CEO of the combined bank. Morrill and Janes Bank President and CEO Wendy Reynolds will become president of the combined bank.
Morrill and Janes Bank parent Heartland Financial USA Inc. is acquiring Bank of Blue Valley parent Blue Valley Ban Corp. in a $93.9 million all-stock deal.
Bob Jones is retiring as CEO of Evansville, Ind.-based Old National Bancorp, effective May 2. He will continue to serve as chairman through 2020.
Jim Ryan, who was appointed CFO in May 2016, will succeed Jones. Meanwhile, Brendon Falconer, the company's treasurer, will replace Ryan as CFO.
North American Savings Bank FSB appointed Tim Bachta executive vice president and chief information officer.
Prior to joining the company, Bachta served as chief information technology officer of Shamrock Trading Corp. for three years.
Grandview, Mo.-based North American Savings Bank is a unit of NASB Financial Inc.
Auburn National Bancorp. Inc. President and CEO Robert Dumas was appointed chairman of the Alabama-based company and unit AuburnBank.
Dumas was appointed president and CEO of Auburn National in October 2017.
Easton, Md.-based Shore United Bank President Patrick Bilbrough left the company.
Scott Beatty, president and CEO of parent company Shore Bancshares Inc. and CEO of Shore United Bank, along with other members of the bank's executive management, will take over Bilbrough's duties.
Seattle-based First Sound Bank appointed Martin Steele president and CEO to replace Jon Shelton, who announced his intention to retire in early 2019. The appointment is subject to regulatory approvals.
Steele is the president and CEO of Lynnwood, Wash.-based Bank of Washington.
Larry Flowers, president and CEO of Adairsville, Ga.-based Northside Bancshares Inc. and unit Northside Bank, will retain his posts at the combined company once Northside Bancshares' pending merger with in-state peer First Chatsworth Bankshares Inc. closes.
Middlefield Banc Corp. Chairman Carolyn Turk is stepping down from her position after the company's annual meeting of shareholders in May.
Turk was appointed chairman of the Ohio-based company and unit Middlefield Banking Co. in 2013.
Synovus Financial Corp. appointed Bob Derrick chief credit officer, succeeding Kevin Howard, who was named chief wholesale banking officer in December 2018.
Derrick previously was chief community credit officer of the Columbus, Ga.-based company.
Michael Dreyer is retiring as COO of Santa Clara, Calif.-based SVB Financial Group on April 1. He has held the position for more than three years.
Phil Cox, who is the current head of EMEA and president of unit Silicon Valley Bank's U.K. branch, will succeed Dreyer.
Barbara Britenriker was appointed chief retail banking officer of Farmers & Merchants Bancorp Inc., in addition to her role as CFO.
Meanwhile, Katrina DeGroff was appointed CFO of the Archbold, Ohio-based company's unit, Farmers & Merchants State Bank.