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Top banking moves through July 20

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Top banking moves through July 20

S&P Global Market Intelligence presents aweekly news summary of executive management and board chair-level changes inthe bank and thrift industry.

July 20

Winchester,Ohio-based First StateBank appointed Timothy Grooms chief risk officer, The (Maysville, Ky.) LedgerIndependent reported.

First StateBank is a unit of First StateBancorp Inc.


Chicago-basedMarquette NationalCorp. reappointed Michael Devlin as director of the company.

Devlin, whowas recently CEO of Cape May Court House, N.J.-based , had served onMarquette National's board of directors for 18 years until April.

After CapeBancorp's acquisitionby OceanFirst FinancialCorp., Devlin stepped down as CEO until a waiver was obtained fromthe Federal Reserve.

After theFed granted the exemption, Devlin was reappointed for the remainder of histerm, ending in 2019.


Saint Paul,Minn.-based Bremer FinancialCorp. President and CEO Patrick Donovan is set to retire, effective Dec. 31.

July 19

Warsaw,N.Y.-based Five StarBank appointed Executive Vice President William Kreienbergchief administrative officer.

He willalso continue to serve as general counsel and chief risk officer.

TheFinancial InstitutionsInc. unit also named Executive Vice President Jeffrey Kenefickchief community, commercial and strategic development executive and Senior VicePresident Charles Guarino as chief retail lending executive.


Chicago-basedNorthern Trust Corp.appointed President WilliamMorrison vice chairman, effective Oct. 1.

CEOFrederick Waddell will replace Morrison as president.


Kennebunk,Maine-based Kennebunk SavingsBank appointed ThomasZuke senior vice president and CFO.

He replacesSteve Soubble, who has been promoted to chief banking officer.


, chairman of JeffersonCity, Mo.-based Central Banco.Inc. and unit CentralTrust Bank since 1981, has died, according to an obituary publishedin the St. Louis Post-Dispatch.

Cook, 94,led the formation of Central Banco. in 1970.

Based onSNL data, Cook also served as president and CEO of Central Banco., and chairmanand CEO of Central Bank of St.Louis since 1990.


Chairman,President and CEO MichaelPrice will retire, effective Jan. 1, 2017. Robert Kaminski Jr.succeeds him as president and CEO that same day.

Price willstay on as chairman and an executive officer until the May 2018 annualshareholder meeting. He will retain a seat on the Grand Rapids, Mich.-basedbank's board afterward.

Price andKaminski, who is currently executive vice president and COO, were amongMercantile's founding employees in 1997.


SantaBarbara, Calif.-based MontecitoBank & Trust appointed George Leis COO, the PacificCoast Business Times reported.

Leis wasmanaging director of MUFG UnionBank NA's private banking division.

MontecitoBank & Trust is a unit of Montecito Bancorp.

July 18

Rockaway,N.J.-based Sussex Banknamed SergioMusacchio executive vice president and chief lending officer.

He wasformerly executive vice president and business banking chief operating officerfor Santander Bank NA.

Sussex Bankis a unit of SussexBancorp.


GlenwoodSprings, Colo.-based AlpineBank, a subsidiary of Alpine Banks of Colorado, named chief risk officer, the Glenwood Springs (Colo.) Post Independent reported.

Felkeycurrently leads the compliance, audit and fraud departments of the bank.


In relationto the closing ofMichigan City, Ind.-based HorizonBancorp's acquisition of La Porte, Ind.-based and unit LaPorte, Ind.-based La PorteSavings Bank, Michele Thompson, former president and CFO of LaPorte Bancorp was added to the boards of Horizon Bancorp and Horizon Bank.

July 16

was namedinterim president and CEO of Waupaca, Wis.-based , The Milwaukee Journal Sentinel reported.

Sorenson joined the bank in 1972. He joined the board in1982 and was promoted to executive vice president.

ArchieOverby, who served as president, CEO and a director of the bank since 1979through May 2016, is facing federal regulatory scrutiny over allegedmisconduct. The OCC wants Overby to reimburse the bank $1.6 million, pay a fineof $175,000, and be banned from the industry.

The bank isa subsidiary of Waupaca Bancorp.Inc.

July 15

Executive VicePresident Cuy Mauckis set to become president and CEO of the Rose Hill, Kan.-based bank on Jan.21, 2017, when incumbent CEO Roger Kepley retires, The Wichita (Kan.) Eaglereported.

Mauck ishead of the commercial banking unit at the American State Bancshares Inc. unit.


Lake HavasuCity, Ariz.-based State BankCorp. named RandyAustin executive vice president and COO of its unit .

July 14

Holcomb,Ill.-based Holcomb StateBank named PerryByers president, the Rochelle(Ill.) News-Leader reported.

Byers hasbeen a director of the HolcombBancorp Inc. subsidiary for the past two years.


In relationto the pendingdeal betweenMarlborough, Mass.-based Marlborough Savings Bank and , WalterDwyer IV, president and CEO of North Middlesex Savings Bank, will serve aspresident of the combined bank and its holding companies. Richard Bennett,president and CEO of Marlborough Savings Bank, will be CEO.

MarlboroughSavings Bank is a subsidiary of Marlborough Bancshares Inc, which in turn is a unit ofMarlborough BancsharesMHC.