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S&P Global Market Intelligence presents a daily roundup of management and board changes in the financial services and bank and thrift industries.


Rick Braaten retired from his post as chief lending officer and executive vice president of American State Bank & Trust Co. of Williston, effective Dec. 31, 2019, the Williston Herald reported.

Braaten has been with the Williston, N.D.-based bank for more than 40 years. He will serve as one of the company's directors after retirement, the report said, citing American State Bank Chairman Pat Sogard.


T. Douglas Pierson, vice chairman and a director of Queenstown Bancorp of Maryland Inc. and Queenstown Bank of Maryland, has retired, reported The (Baltimore) Daily Record.

Pierson was a director for the companies for more than 31 years and has been vice chairman for the last 12.


Cerritos, Calif.-based First Choice Bancorp named Lynn McKenzie-Tallerico a director.

McKenzie-Tallerico has more than 40 years of banking experience and currently serves on the board of local nonprofit organization CASA Los Angeles.

First Choice Bancorp is the parent of First Choice Bank.


The boards of Summit Financial Group Inc. and Summit Community Bank Inc. each approved a prospective increase in the size of each board to 18 members, contingent upon and will be effective with the completion of Summit Financial's acquisition of Cornerstone Financial Services Inc. and unit Cornerstone Bank Inc.

The boards also approved on a prospective basis the appointment of former Cornerstone Financial Chairman Ronald Spencer as a director of Summit Financial and Summit Community Bank. Spencer's appointment was contingent on and will be effective with the completion of the merger.

The acquisition was completed Jan. 1.


Martha Walker retired as a director of Franklin Financial Services Corp. and unit Farmers and Merchants Trust Co. of Chambersburg, effective Dec. 31, 2019.

Walker turned 72 in 2019, which is the mandatory retirement age under the company's bylaws.

Financial services

GAMCO Investors Inc. announced that Agnes Mullady will take a one-year sabbatical leave starting Jan. 1. Mullady will be available as needed to consult with GAMCO, Gabelli Funds LLC and Associated Capital Group during her sabbatical.

Mullady is a senior vice president for GAMCO, according to S&P Market Intelligence data.


RealPage Inc. named Brian Shelton senior vice president and chief accounting officer, effective. Jan. 2.

Shelton will replace Kandis Thompson, who resigned from her post, effective Jan. 2. Thompson will continue to provide consulting services related to the transition from her role through March 1.

Shelton previously was the company's senior vice president for finance.