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Top banking moves: Synovus Bank names CEO of new specialty finance division

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Top banking moves: Synovus Bank names CEO of new specialty finance division

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

Sept. 9

Columbus, Ga.-based Synovus Bank named Jonathan Rosen CEO of a new specialty finance division focused on providing debt capital financing and commercial banking solutions to fund companies operating in the sector.

Rosen is the founder of Global One Financial Inc., which Synovus Financial Corp. acquired in October 2016.

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After United Community Financial Corp. completed its pending acquisition of First Defiance Financial Corp., Donald Hileman will be CEO of the combined company before transitioning to executive chairman in early 2021. He is the president and CEO of First Defiance.

United Community Financial President and CEO Gary Small will become president of the combined company before transitioning to the CEO role when Hileman becomes executive chairman.

Sept. 6

Paris, Mo.-based TPNB Bank named Doug Burnett president and CEO, the Monroe County Appeal reported.

The bank is a unit of Paris Bancshares Inc.

Sept. 5

Walnut Creek, Calif.-based Mechanics Bank acquired the retail, business banking, commercial real estate, mortgage and wealth management businesses of Roseville, Calif.-based Rabobank NA.

John DeCero, formerly president and CEO of Mechanics Bank; and Mark Borrecco, formerly CEO of Rabobank, assumed co-CEO positions in the new organization and became members of the office of the chairman.

DeCero will oversee commercial banking, wealth management and indirect auto finance. Borrecco will manage the retail banking and consumer lending activities of the bank.