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Richmond, Va.-based Union Bank names 3 SVPs; Umpqua alum joins First Foundation


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Richmond, Va.-based Union Bank names 3 SVPs; Umpqua alum joins First Foundation

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.

* Hanover, N.H.-based Ledyard Financial Group Inc. appointed Teresa Rhodes Rosenberger to its board.

She is the president of Devine Strategies, the strategic consulting arm of law firm Devine Millimet & Branch PA.

* Martin Thomson was nominated to the board of Manistique, Mich.-based Mackinac Financial Corp.

The appointment is subject to the closing of the company's pending First Federal of Northern Michigan Bancorp Inc. transaction, which provides for a current First Federal director to be appointed to Mackinac's board promptly following deal completion.

Thomson has served as chairman of First Federal since May 2008; previously, he was its president and CEO.

* Donald McLaughlin is retiring as a director of OceanFirst Financial Corp. at its 2018 annual meeting of stockholders to spend more time with his family and on personal business.

The Toms River, N.J.-based company also said that its board approved an amendment to the certificate of incorporation to declassify the board. The amendment is subject to stockholder approval at the 2018 annual meeting, which will be held May 31.

To facilitate the transition to a declassified board, each director with a term extending beyond the 2019 annual meeting has agreed to resign immediately after the 2018 annual meeting, assuming shareholder approval of the proposed board declassification. Each such director, other than McLaughlin, will be immediately re-appointed for a one-year term expiring at the 2019 annual meeting.

McLaughlin is a retired certified public accountant, SNL records show.

* First Busey Corp. Directors E. Phillips Knox, V. B. Leister Jr., Jon Stewart and Phyllis Wise will retire from the board, effective at the conclusion of the 2018 annual meeting of stockholders of the Champaign, Ill.-based company.

The board nominated Frederic Kenney and Elisabeth Kimmel for election at the annual meeting.

SNL records show that Knox is an attorney at Tummelson Bryan & Knox, Leister serves as president of Carter's Furniture Inc., and Stewart serves as CEO of Tri-Star Marketing Inc. Wise is a former university chancellor who is now CEO of the Colorado Longitudinal Study, a foundation that aims to create a biology and public health database.

Kenney is the associate general counsel for litigation for Archer Daniels Midland Co. and has served on the Busey Bank board since 2007. Kimmel, an attorney, is owner, president and CEO of Midwest Television Inc. and a "significant stockholder" of First Busey, according to a Form 8-K. She held 4.98% of the company's stock as of March 2017, according to SNL data.

* Richmond, Va.-based Union Bank & Trust named R. Craig Parrent, Donna Bennett and Jay Kenslow senior vice presidents.

Parrent, who will start April 2 as Western Virginia commercial team leader, will also serve as market executive for Greater Roanoke, Lynchburg and the New River Valley. Current Roanoke regional president Rick Webster will focus on developing and leading Union's commercial banking strategy in North Carolina after a transition period.

Bennett was appointed treasury management sales manager leading Union's treasury management sales and deposit growth effort in Virginia, North Carolina and Maryland.

Kenslow was appointed commercial team leader for the Southside Hampton Roads area, with a focus on commercial and industrial clients.

According to their LinkedIn professional profiles, Parrent's experience includes serving as western Virginia commercial banking team lead and market president for Roanoke and the New River Valley at SunTrust. Bennett's banking career spans three decades. Kenslow was most recently at PNC.

* Irvine, Calif.-based First Foundation Inc. named Allan Gomez senior vice president and relationship banker.

He most recently served as vice president of commercial and specialty deposits banking at Roseburg, Ore.-based Umpqua Bank, a unit of Umpqua Holdings Corp.

* Martinsville, Va.-based Carter Bank & Trust named Justin Snyder senior vice president and regional executive for the western region of North Carolina, and Todd Baker senior vice president and regional executive for eastern North Carolina.

Snyder was senior vice president and area executive of commercial banking of the western division of Southern Pines, N.C.-based First Bank, a unit of First Bancorp.

Baker most recently served as senior vice president and commercial market executive for the Sandhills region of Capital Bank.

SNL is owned by S&P Global Market Intelligence.