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OptimumBank elects board member; 2 Village Bank and Trust directors retiring

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.

* Walla Walla, Wash.-based Baker-Boyer National Bank, a unit of Baker Boyer Bancorp., promoted Teresa Larson to executive vice president as well as Josh Allington and Chief Credit Officer Russ Colombo to senior vice presidents, effective Jan. 1, 2018.

Larson became a senior vice president in 2014. In her current role as strategic plan director, Larson is involved in projects such as employee training and integrating new systems.

Allington was promoted to lead business banking strategist early in 2017.

* Avi Zwelling was elected as a director of Fort Lauderdale, Fla.-based OptimumBank Holdings Inc. and subsidiary OptimumBank, effective Dec. 21.

Zwelling is an attorney, according to a press release posted on ACCESSWIRE.

* Thomas Winfree and John Wash Sr. will retire from the board of Midlothian, Va.-based Village Bank and Trust Financial Corp., effective Dec. 31.

Winfree stepped down as CEO and president of the company and president of its wholly owned subsidiary, Village Bank, in February 2014. He was also chairman of the bank's wholly owned subsidiary, Village Bank Mortgage Corp., until July 2017.

Wash has developed managerial and marketing skills as a real estate investor and managing partner of Hanover Plaza LLC and Bay Court Associates LLC since 1988, SNL records show.

* E. Lawrence Sanders III was appointed to the board of Waldorf, Md.-based Community Financial Corp. He will fill the vacancy on the board created by Eric Goldberg's resignation on Nov. 6.

Sanders' appointment will take effect upon the effective time of the merger of La Plata, Md.-based County First Bank into Community Financial subsidiary Community Bank of the Chesapeake. He is the current chairman of County First.