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Cambridge Bancorp in Boston is looking for a chief executive to succeed Joseph Roller when he retires next year.
June 17 -
Irene Dorner did a lot to turn around HSBC's troubled U.S. operations following violations of U.S. anti-money-laundering regulations that led to a record penalty, but successor Patrick Burke and a new U.S. compliance chief will have to pick up the recovery at its midpoint and finish the job.
June 16
Chesapeake Bank & Trust in Chestertown, Md., has begun searching for a new chief executive.
The bank's current president and CEO, James Anthony, resigned on Monday to take a position as the chief operating officer at the $789 million-asset Severn Savings Bank in Annapolis.
The bank said in a news release that if a replacement is not found by July 11, the bank's chief operating and financial officer, Richard Coffman, will serve as acting CEO. Additionally, board Chairman Michal Macielag and a former Chesapeake loan officer who currently serves on the board will step in to provide additional guidance, the bank said.
"One of the realities of community banking is that if you are blessed to have a talented executive, other institutions will recognize it and seek to recruit that officer to their team," said Macielag in a press release. He added that Severn is "nearly ten times the size of Chesapeake."
Chesapeake has assets of $96 million and operates
Anthony's last day at the bank has not been announced yet, a bank spokeswoman said in an email. He plans to start his new job at Severn, however, at the beginning of August.
News of the leadership changes was first reported by The Kent County News.
