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Banking management and director moves

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Banking management and director moves

S&P Global MarketIntelligence presents a daily roundup of management and board changes in thebank and thrift industry. This feature excludes C-level leadership changes andstories previously covered by S&P Global Market Intelligence.

's board onJuly 20 accepted the resignation of J.J. Ziegler from his post as a director of the WestBend, Wis.-based company and its unit Westbury Bank, effective immediately. Ziegler had servedon the governance and nominating committee of the board, according to a Form8-K.

OnJuly 25, by consent resolution, the board appointed David Jorgensen to fill theremainder of Ziegler's term, which expires in February 2019. Jorgensen isexecutive vice president of VJS Construction Services and president of VJSDevelopment Group. He has been employed by VJS since 1992 andcurrently has a 40% ownership position in VJS.

VJS provided construction services to Westbury Bancorp inconjunction with the renovation of certain bank office properties. Thecompany's board, however, determined that the payment to VJS of market pricesfor construction services will not interfere with Jorgensen's exercise ofindependent judgment in carrying out his responsibilities as a director andthat he qualifies an "independent director" under the Nasdaq StockMarket rules.

joined Westbury Bankas senior vice president of commercial banking, serving business and commercialreal estate clients across Dane County, Wis., according to a July 25 newsrelease.

Martinsville,Va.-based Carter Bank &Trust named LitzVan Dyke executive vice president, the MartinsvilleBulletin? reported.

VanDyke's career includes serving as a practice manager for CCG CatalystConsulting Group in Phoenix, Ariz.