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Top banking moves through Aug. 9


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Top banking moves through Aug. 9

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

Aug. 9

Annapolis, Md.-based Severn Bancorp Inc. named Eric Keitz an executive vice president, as well as COO of subsidiary Severn Savings Bank FSB.

Keitz is a member of both entities' boards.


Best Hometown Bancorp Inc. Executive Vice President and CFO Herbert Allen Salter will terminate his employment with the company effective Aug. 11.

COO Cynthia Knebel will serve as the Collinsville, Ill.-based company's principal financial officer following Salter's departure.

Aug. 8

Toms River, N.J.-based OceanFirst Bank, a unit of OceanFirst Financial Corp., named Grace Vallacchi executive vice president and chief risk officer, effective Sept. 5.

Vallacchi, who has more than 25 years of experience in commercial banking and regulatory oversight, currently serves as an associate deputy comptroller in the Northeastern District of the Office of the Comptroller of the Currency.


Springfield, Mo.-based Systematic Savings Bank named Derek Fraley president and CEO, effective immediately, the Springfield News-Leader reported.

His experience in the banking industry includes serving as vice president of commercial banking at BancorpSouth.


Wellington, Kan.-based Impact Bank named Jared Brown executive vice president and CFO, Wellington's Sumner NewsCow reported.

Brown most recently served as a national bank examiner for the Office of the Comptroller of the Currency.

Impact Bank is a unit of First Financial Corp.

Aug. 7

Once Grand Rapids, Mich.-based Lake Michigan CU completes its acquisition of Naples, Fla.-based Encore Bank, Encore Bank CEO Tom Ray will become regional president of Lake Michigan Credit Union of Florida.

Encore Bank is a unit of Ovation Holdings Inc.


Green Bay, Wis.-based Associated Banc-Corp Chief Credit Officer James Simons is retiring.

Effective Aug. 7, John Hankerd became the company's executive vice president and chief credit officer, following a stint as executive vice president and group leader of specialized industries. Hankerd joined Associated in 2004.

Simons became chief credit officer in February.


Chattanooga, Tenn.-based Atlantic Capital Bank NA named Annette Rollins executive vice president and chief human resources officer.

Rollins had the same role at Bank of North Carolina before she joined the Atlantic Capital Bancshares Inc. unit.

Aug. 4

Glen Cove, N.Y.-based First Central Savings Bank appointed Edward Petrosky president and CEO, Long Island Business News of Ronkonkoma, N.Y., reported.

His work experience includes serving as president and CEO of United International Bank.

Aug. 3

Plaquemine Bank and Trust Co. named Kirk Maynard senior vice president and chief lending officer, The (Port Allen, La.) Westside Journal reported.

He was formerly with Baton Rouge, La.-based Investar.

Plaquemine Bank and Trust is a unit of Plaquemine Bancshares Corp.


Marvin Schoenhals decided to step down as chairman of WSFS Financial Corp. and WSFS Bank. But he will remain a director of the boards of both organizations. President and CEO Mark Turner takes over as chairman of both the company and the bank and will continue to hold his positions on top of the chairmanship.

The Wilmington, Del.-based company also promoted its chief corporate development officer, Rodger Levenson, to executive vice president and COO.

Levenson joined the company in 2006 as executive vice president of commercial banking, and has served as chief commercial banking officer and interim CFO prior to being chief corporate development officer.