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First-Citizens names execs to lead Wis. market; Colony Bankcorp adds 2 directors

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

Banking

First-Citizens Bank & Trust Co. tapped Michael Fleming and Scott Kraemer to lead the Raleigh, N.C.-based bank in the Wisconsin market.

Michael Fleming was named area executive for the bank's Wisconsin retail and business banking segments. He was previously with Securant Bank & Trust, which First-Citizens Bank & Trust acquired in October 2018.

Kraemer, who has 38 years of experience in southeastern Wisconsin, leads First-Citizens Bank & Trust's commercial banking efforts and banker sales support in the market.

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Meagan Mowry and Matthew Reed joined the boards of Fitzgerald, Ga.-based Colony Bankcorp Inc. and unit Colony Bank.

Their appointments expand the size of both boards to nine from seven directors.

Mowry is the co-founder and co-owner of Simcoe Investments and its subsidiaries, Homes of Integrity Construction and Integrity Real Estate. Reed is owner and CEO of Georgia CEO/South Carolina CEO, a network of local websites focused on their respective states' business communities.

Financial services

Joseph Sclafani is not standing for re-election as director at E*TRADE Financial Corp.'s 2019 annual shareholders meeting.

Sclafani served as executive vice president, controller and principal accounting officer at JPMorgan Chase & Co. until December 2006, according to S&P Global Market Intelligence data. He was also an accountant at KPMG for 11 years.