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Top banking moves: Mission Valley Bancorp, Westamerica Bancorp. name CFOs

S&P Global Market Intelligence presents a weekly news summary of executive management and board chair-level changes in the bank and thrift industry.

Jan. 1

Westamerica Bancorp. named Jesse Leavitt CFO effective Jan. 1. Leavitt previously was controller for the company.

John Thorson, who was the company's CFO from 2005 through 2019, was named treasury division manager.


The board of trustees of Kingston, N.Y.-based Ulster Savings Bank appointed F. Michael Tucker its new chairman.

Tucker is president of Tucker Strategies Inc., an energy, real estate and economic development company.


Sun Valley, Calif.-based Mission Valley Bancorp named Jeffrey Watson CFO of the company and its unit, Mission Valley Bank, effective Dec. 26, 2019.

Watson succeeded Diane Auten, who resigned from the company and the bank effective the same date. Watson will take on the new position in addition to his current capacity as COO of Mission Valley Bank.

Dec. 30, 2019

Traditional Bank Inc.'s board appointed Andy Baker as CEO of the Mount Sterling, Ky.-based bank, effective Jan. 1, The (Frankfort, Ky.) State Journal reported. Baker's career at the bank includes serving as president and COO.

Baker succeeds William Alverson, who will stay a member of the bank's board. Alverson will also continue to serve the Traditional Bancorp. Inc. unit in a business development role through 2020.

Chief Lending Officer Daniel Mason was named president of the bank, also effective Jan. 1.

Dec. 27, 2019

Connecticut-based Torrington Savings Bank appointed Jennifer Marchand senior vice president, treasurer and CFO effective Jan. 1, The Register Citizen reported.

Marchand succeeds Lesa Vanotti, who has recently been named president and COO of the bank. Marchand previously was vice president and controller of Torrington Savings Bank.


Timothy Siegle will replace John Seidel as CEO of Lino Lakes, Minn.-based First Resource Bank, a unit of Ameri Financial Group Inc., BankBeat reported.

Seidel "will work alongside" Siegle through a transition period that will end April 1, according to the report.

Afterward, Seidel will become senior credit adviser and director of special assets. He will also continue as a director of the bank.

Siegle was set to resign as president and CEO of Cavalier, N.D.-based United Valley Bank, a unit of First Holding Co. of Cavalier Inc., on Dec. 31, 2019.