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Top banking moves through June 7

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Top banking moves through June 7

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

June 7

Joseph Pennington is resigning as senior vice president, CFO, secretary, and treasurer of Honaker, Va.-based New Peoples Bankshares Inc. and unit New Peoples Bank Inc.

Pennington's resignation, which is effective June 30, was not a result of any disagreement with the company on any matter related to its operations, policies, or practices.

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Bank of New York Mellon Corp. appointed Bridget Engle senior executive vice president and chief information officer, effective June 8.

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Brooklyn, N.Y.-based Dime Community Bank chief retail officer, Bill Brown, is resigning, effective June 15.

Brown was chief retail officer and executive vice president since he joined the bank in 2016.

Dime Community Bank is a unit of Dime Community Bancshares Inc.

June 6

Crown Bank CEO Peter Dahl is resigning, effective June 30.

President Kevin Howk has assumed Dahl's responsibilities during the planned transition.

The Minnesota-based bank is a unit of Crown Bankshares Inc.

June 5

Abington, Pa.-based Chelten Hills Savings Bank President and CEO W. Russell Koerwer is planning to retire once the bank completes its pending merger with Doylestown, Pa.-based Penn Community Bank, but he will continue to serve on the advisory board that will be formed to oversee the deal.

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Union Bankshares Corp. and Union Bank & Trust Executive Vice President and Chief Banking Officer D. Anthony Peay is retiring, effective Aug. 31.

Peay joined the company in 1994 as CFO, eventually becoming chief banking officer in 2012.

The Richmond, Va.-based company will start looking for his successor.

Meanwhile, Jon Wallace, regional president of the company's Fredericksburg, Va., market, was appointed to lead the company's commercial, treasury and dealer finance teams in the interim.

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Lafayette, Calif.-based California Bank of Commerce named Doug Stoveland executive vice president, chief risk officer and chief credit officer.

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Westerly, R.I.-based Washington Trust Bancorp Inc. named Ronald Ohsberg executive vice President and treasurer, and Mark K.W. Gim senior executive vice president for wealth management and chief strategy officer.

Ohsberg was previously executive vice president for finance for Linear Settlement Services, while Gim has been head of Washington Trust's wealth management business since 2013. Both will join the company's executive team.

June 2

James Yee retired as executive vice president of Green Bay, Wis.-based Associated Banc-Corp.

Yee was succeeded as chief information and operations officer by James Payne in January.

June 1

Farmers National Bank of Canfield named Mark Wenick chief wealth management officer, a newly created role, The Business Journal of Youngstown, Ohio, reported. He will also serve as a board member of the bank.

He was a regional president at Chemical Bank, a unit of Chemical Financial Corp.

Canfield, Ohio-based Farmers National Bank of Canfield is a subsidiary of Farmers National Banc Corp.

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Timberville, Va.-based F & M Bank Corp. President and CEO Dean Withers plans to retire within the next 12 months once the company names his successor.

Withers will remain a member of the company's board.

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Bank of Nova Scotia appointed Ian Arellano executive vice president and general counsel, effective Jan. 2, 2018.

Arellano, who replaces Deborah Alexander, will initially join as executive vice president of legal on Sept. 5. Arellano most recently served as co-head of international initiative and senior partner in corporate transactions practice at Torys LLP.