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Texas-based Independent Bank names EVP; ServisFirst Bancshares adds director

S&P Global Market Intelligence presents a daily roundup of management and board changes in the financial services and bank and thrift industries. This feature excludes C-level leadership changes and stories previously covered by S&P Global Market Intelligence.


Dennis Merrey will resign from the board of CNB Financial Corp., effective Oct. 29.

The resignation was tendered as required by the age restriction contained in the Clearfield, Pa.-based company's bylaws.

Merrey was first elected to serve on the boards of the company and unit CNB Bank in 1991. He served as chairman of both entities from 2007 to 2016. He founded Clearfield Powdered Metals Inc., S&P Global Market Intelligence records show.


Short Hills, N.J.-based Investors Bank's equipment finance group named Christopher McManus senior vice president and business development officer and Brandon Smith asset management leader, according to a release posted on EIN Presswire.

McManus has held executive posts in the equipment leasing and financing divisions of community and regional banks as well as commercial capital companies. Smith has more than three decades of experience in asset management and asset remarketing in the equipment finance and leasing industry.


McKinney, Texas-based Independent Bank Group Inc. named Barry Kromann executive vice president and Fort Worth area president, and Marshall Boyd vice president and senior mortgage officer.

Kromann's experience includes working as executive vice president and manager of corporate banking at Texas Capital Bank NA. Boyd was executive vice president for mortgage services at Southwest Bank.


ServisFirst Bancshares Inc.'s board voted to increase the size of the board to seven from six members. Irma Tuder was elected as a director of the Birmingham, Ala.-based company and subsidiary ServisFirst Bank.

Tuder, an accountant, has served as a member of private investment firm Tuder Investments LLC since its formation in 2007.

Financial services

T. Rowe Price Group Inc. added head of investment strategy, a newly created position, to David Giroux's responsibilities.

Giroux is currently chief investment officer of U.S. Equity and Multi-Asset and portfolio manager of T. Rowe Price Capital Appreciation Fund.