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Banking management and director moves


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Banking management and director moves

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.

* George Clark Jr. is retiring from the boards of Brooklyn, N.Y.-based Dime Community Bancshares Inc. and unit Dime Community Bank, effective Dec. 31. Also, Kathleen Nelson was elected as lead director of both the entities, according to a Form 8-K.

Clark is the patriarch of the George L. Clark Inc. real estate agency, while Nelson is a co-founder and managing principal of Bay Hollow Associates and founder and president of KMN Associates LLC.

* George Pace intends to retire from the board of Summit Financial Group Inc. and will not stand for re-election as a director of the Moorefield, W.Va.-based company at the end of his term in May 2017.

His resignation is not due to any disagreement with the operations, policies or practices of the company, according to a Form 8-K.

SNL records show that Pace is a former CEO of Rocco Enterprises and served as vice mayor of Harrisonburg, Va. He is self-employed as a business adviser.

The filing also noted the appointment of John Gianola to the company's board to fill the vacancy created by the board's decision to increase its size to 17 members. He was also appointed to the board of the company's unit, Summit Community Bank Inc., effective immediately.

Gianola retired in 2013 as a managing partner of the Charleston, W.Va., office of Ernst & Young LLP.

* Lafayette, La.-based MidSouth Bank NA promoted Kevin Latiolais to the new position of Louisiana state president, The Daily Advertiser reported.

Latiolais became regional president in 2012.

The bank is a unit of MidSouth Bancorp Inc.