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Top banking moves: Merchants Bancorp names COO; FHLB New York appoints chair

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Top banking moves: Merchants Bancorp names COO; FHLB New York appoints chair

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

Nov. 22

Anchorage, Alaska-based Northrim BanCorp Inc. named Jed Ballard executive vice president and CFO, effective Jan. 1, 2018.

Ballard, currently a senior manager at KPMG, will replace Latosha Frye, who is transitioning to senior vice president and corporate accounting manager.

* * *

Finn Caspersen Jr., chief strategy officer, general counsel and a board member of Peapack-Gladstone Financial Corp. and unit Peapack-Gladstone Bank, is resigning effective Dec. 31.

Caspersen will stay on at the Bedminster, N.J.-based company in a consultative role through March 31, 2018.

* * *

Starion Bancorp. unit Starion Bank named Don Morgan CFO.

Morgan has served as the Bismarck, N.D.-based bank's chief credit officer.

Nov. 21

Maine-based Bath Savings Institution appointed John Voorhees chairman of the board of trustees and Esther Pappas vice chairman.

Voorhees, who has been on the bank's board since 2009, replaced Brian Perkins, who retired.

Pappas has served on the bank's board since 1998.

Nov. 20

The board of Chicago-based Marquette National Corp. named Terese Best vice chair.

Best, who has been on the company's board since 2006, is the COO and chief risk officer of Caspian Capital LP.

* * *

Michael Dunlap was given additional titles as president and COO of Carmel, Ind.-based Merchants Bancorp.

Dunlap is the current president and co-COO of the company's unit, Merchants Bank of Indiana. He will replace Randall Rogers, who has been named vice chairman of the company.

Rogers will also retire as chairman of P/R Mortgage & Investment Corp., where President Michael Petrie was named his successor.

Meanwhile, COO Michael Dury will take on the additional role as P/R's president.

The changes take effect Jan. 1, 2018.

* * *

SI Financial Group Inc. Senior Vice President and Chief Credit Officer Gerald Coia is retiring, effective Dec. 31.

Paul Little, the Willimantic, Conn.-based company's current senior vice president and chief lending officer, will succeed him.

Meanwhile, Kenneth Martin will assume Little's post as chief lending officer.

* * *

Toronto-based Bank of Montreal appointed Brett Pitts its chief digital officer, effective Nov. 30.

Pitts most recently served as Wells Fargo & Co.'s executive vice president and group head of digital.

* * *

Nov. 18

The board of Federal Home Loan Bank of Cincinnati appointed James England its vice chair, succeeding William Small. His two-year term will begin Jan. 1, 2018.

England is the chairman of Decaturville, Tenn.-based Decatur County Bank.

* * *

Nov. 16

John Buran is joining the board of Federal Home Loan Bank of New York as its chairman.

Buran is currently the president and CEO of Uniondale, N.Y.-based Flushing Financial Corp. and unit Flushing Bank.

* * *

Community State Bank named Kurt Gibson president.

He will replace Ronald Nagel, who will remain CEO.

The Ankeny, Iowa-based bank is a unit of QCR Holdings Inc.