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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.

* Joe Framptom, chairman and CEO of Paducah, Ky.-based Paducah Bank and Trust Co., was appointed to the board of Evansville, Ind.-based Commerce Bank, a unit of First Light Bancorp.

Paducah Bank is a subsidiary of Paducah Bank Shares Inc.

* Palo Alto, Calif.-based Avidbank Holdings Inc., the parent of Avidbank, named Geoff Butner senior vice president and deputy chief credit officer.

Butner most recently was senior vice president and risk manager at Square 1 bank, a division of Beverly Hills, Calif.-based Pacific Western Bank.

Pacific Western Bank is a subsidiary of PacWest Bancorp.

* On Dec. 10, Eric Hanson notified Lowell, Mass.-based Enterprise Bancorp Inc. of his intention to retire from the board of the company and its unit Enterprise Bank and Trust Co., effective as of its annual shareholder meeting in May 2017.

Currently, Hanson serves as assistant secretary of Enterprise Bancorp and is a member of its corporate governance/nominating, compensation and loan committees. He is the chairman and CFO of Klin Groupe LLC, according to a regulatory filing.

* Luther Battiste III, Herbert Gray, Ralph Norman Jr., Alton Phillips, Richard Salmons Jr., B. Shelley Jr. and John Williamson III notified Columbia, S.C.-based South State Corp. of their retirement from its board.

According to a regulatory filing, Battiste is the managing shareholder emeritus and an attorney with the firm Johnson, Toal and Battiste P.A., Gray is the president and CEO of Grayco, Norman is the president of real estate development firm Warren Norman Co. and Phillips is the president of Carolina Eastern, Inc. Meanwhile, Salmons serves as president and CEO of marine construction company Salmons Dredging Corp. and Williamson serves as president of J.W. Williamson Ginnery Inc.

South State Corp. is the holding company for South State Bank.

* Robert Kaminski Jr. and Michelle Eldridge were appointed to the board of Grand Rapids, Mich.-based Mercantile Bank Corp., the parent of Mercantile Bank of Michigan, increasing its size from six to eight members.

According to a Form 8-K filed Dec. 15, Kaminski serves as executive vice president, COO and secretary of the company and will be appointed president and CEO on Jan. 1, 2017. Eldridge is the co-founder of Clear Ridge Wealth Management. She was also appointed to the board's audit, compensation, governance and nominating committees.