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In This List

Ex-FHLB Des Moines COO joining West Bancorp board; South State Bank names SVP

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Ex-FHLB Des Moines COO joining West Bancorp board; South State Bank names SVP

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.

* Pamela Godwin is resigning as an independent director of Federal Home Loan Bank of Pittsburgh, effective Dec. 31.

She told the bank she will no longer have the time to serve because of "other matters requiring increased amounts of her time and attention," according to a filing disclosing the move. The bank will select a replacement independent director for the remainder of Godwin's term, which will expire Dec. 31, 2019.

Godwin has been president of Change Partners Inc. since 2001, SNL records show.

* Thomas McCain and Donald Musso have tendered their resignations as board members of MSB Financial Corp. and subsidiary Millington Bank, effective Jan. 31, 2018.

McCain will continue as a director emeritus of the Millington, N.J.-based company.

After 22 years as president and sole owner of Learning Builders, McCain retired and closed the firm in 2013, according to an April 13 proxy statement. Musso is president of FinPro Inc.

* Wilmington Trust Corp. named Brian Oard president of the Western Region for wealth advisory.

He was a senior wealth strategist for Northern Trust Corp.

Wilmington Trust is a unit of M&T Bank Corp.

* Richard Fernandez is retiring as a director of Peabody, Mass.-based Meridian Bancorp Inc. and subsidiary East Boston Savings Bank, effective Dec. 31.

This is in accordance with bylaw provisions requiring retirement in the calendar year in which the director reaches age 75.

Fernandez has been CFO at Stoughton Recycling Technologies LLC since 2010 and has been a merger and acquisition/banking consultant since 2006, SNL records show.

* Former Federal Home Loan Bank of Des Moines Executive Vice President and COO Steven Schuler will become a director of West Bancorp. Inc., effective Jan. 1, 2018.

His term as a director will expire at the West Des Moines, Iowa-based company's 2018 annual stockholder meeting, at which time he will stand for election along with the other director nominees.

* Omaha, Neb.-based Mutual of Omaha Bank appointed Tim Sullivan president of its Midwest and Mountain regions.

Sullivan has three decades of experience heading up banking operations, most recently serving as regional vice president of Wells Fargo & Co.'s Wells Fargo Bank in Omaha.

Mutual of Omaha Bank is a unit of Omaha Financial Holdings Inc. and Mutual of Omaha Insurance Co. is the bank's ultimate parent.

* South State Bank named Thomas Anderson senior vice president.

Anderson joined the bank, a unit of Columbia, S.C.-based South State Corp., in 2007.

* James Moll was elected to the board of Citizens Community Bancorp Inc. as a class I director, effective Jan. 1, 2018, to fill the vacancy on the board created by the resignation of Timothy Nettesheim. As a class I director, Moll will serve until the company's 2019 annual shareholder meeting.

Moll served as president and CEO of Wells, Minn.-based Wells Financial from 2015 until August 2017, when the sale of Wells Financial to Eau Claire, Wis.-based Citizens Community was completed.

* R. Bruce Haner, a director of Citizens & Northern Corp. and subsidiary Citizens & Northern Bank, communicated to the company's board his intent to resign as a director of the company, effective as of its annual shareholder meeting on April 19, 2018.

His decision to resign was not the result of any disagreement with the Wellsboro, Pa.-based company.

Haner owned and operated an auto dealership for more than three decades, according to SNL records.

* Kolawole Olofinboba was elected to the board of Connecticut-based Simsbury Bank & Trust Co., a subsidiary of SBT Bancorp Inc.

Olofinboba is managing partner of Fairview Capital Inc. He has also practiced medicine as a board certified internist/hospitalist and assistant professor at the University of Connecticut Health Center in Farmington, Conn.

* E. Neal Crawford Jr. intends to resign as a director and officer of TowneBank, effective Jan. 1, 2018.

His decision to resign was not the result of any disagreement with the Portsmouth, Va.-based company.

Crawford has served as president of Towne Financial Services since June 2016, according to SNL records.

* Bob Gruman retired from Dacotah Bank's board in December.

Since 1996, he has operated Bob Gruman Consulting, serving clients in the financial services, engineering, accounting, research and management services sectors.

The Aberdeen, S.D.-based bank is a unit of Dacotah Banks Inc.

SNL is owned by S&P Global Market Intelligence.