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U & I's UniBank names chairman, CFO

Lynnwood, Wash.-based UniBank has hired Simon Bai as senior vice president and CFO.

Bai joins from Puget Sound Bank, where he was vice president of financial reporting and analytics. Puget was acquired in January by Heritage Financial Corp.

The bank also reported the retirement of Chairman Yong Han. He was succeeded in the position by Benjamin Lee.

Board member John Yu has retired as well.

New additions to the board are Bryant Park, a Baird investment banker; Cindy Runger, who has experience in wealth management, law and public policy; and Ronald Oh, general manager of a Holiday Inn Express Hotel & Suites in Seattle.

UniBank is a subsidiary of U & I Financial Corp.