LNB Bancorp (LNBB) in Lorain, Ohio, has hired a new chief financial officer.

The $1.2 billion-asset company said in a press release Thursday that James Nicholson will become its CFO in July. He will succeed Gary Elek, who will step down on July 28 in advance of his official retirement from LNB early next year.

Nicholson previously served as a senior financial advisor at F.N.B. Corp. (FNB) in Hermitage, Pa., after FNB bought PVF Capital last October. Nicholson was CFO at PVF Capital.

LNB, which has 20 branches, specializes in commercial, personal banking services, residential mortgage lending and wealth management.

LNB received $25.2 million through the Troubled Asset Relief Program in December 2008. The company has been issuing company stock to raise the needed capital to exit the program.

First National Bank of Green Forest in Arkansas has chosen a new name but kept it in the family, so to speak.

The $347 million-asset bank will rebrand itself as Anstaff Bank, a blend of the names of its two founding families, Anderson and Stafford. Both families are still involved in the management of the bank, which was established in 1931.

“We wanted a name that reflected our long and rich history as a community bank in Arkansas, and also allowed us to look to the future and opportunities for growth," Steve Stafford, the bank's president and chief executive, said in a press release this week.

The bank expects its signage to be switched over by the end of the month.

First National took a cue from Talmer Bancorp. Talmer was established in 2007 as First Michigan Bank, and rebranded in 2011 by combining the names of its founders' grandfathers, Talmage and Merzon.

Talmer, which has $5.4 billion in assets, expanded beyond its home state the following year, announcing in 2012 that it would purchase the $2 billion-asset First Place Bank in Warren, Ohio.

Western Union (WU) has appointed Robert W. Selander, former chief executive of MasterCard (MA), to its board of directors.

Additionally, Western Union named Raj K. Agrawal, the company's interim chief financial officer, as permanent CFO and executive vice president.

Selander will serve on the board's compliance and compensation committees. The appointment will take effect on July 17.

"We are looking forward to the significant payments expertise that Mr. Selander brings to the table," says Hikmet Ersek, president and chief executive of Western Union, in a July 16 press release.

Selander was CEO of MasterCard Inc. and MasterCard International from 1997 through 2010, at which point he retired and was succeeded by Ajay Banga. Previously, Selander was president of the Purchase, N.Y., card network's international operations, which included Europe, the Middle East, Africa and Canada. He also previously worked for two decades with Citicorp and Citibank, now called Citigroup (NYSE:C).

Agrawal previously worked as president of the company's business solutions unit from 2011 through 2013. He joined Western Union in 2006, after holding executive roles at Deluxe Corp. (DLX) and General Mills (GIS).

Dan Henry is leaving his job as chief executive of NetSpend effective July 31, and will be succeeded by Chuck Harris, who is president of the prepaid card company, a unit of the processor Total System Services (TSYS).

Henry's exit will be the second departure of a top TSYS executive this month. Its CEO, Philip W. Tomlinson, will retire July 31. Tomlinson has been with the processor since 1974, about a decade before TSYS was spun off in 1983 by Columbus Bank and Trust Co. He became the company's president in 1992.

Harris has been named senior executive vice president of TSYS, and will retain his title of president of NetSpend, TSYS says in a July 14 press release. Henry is departing NetSpend, which became a TSYS unit last July, to be closer to his family in the Kansas City area.

"My decision to leave is a difficult one as the people at NetSpend are my heroes, and there are no finer people in payments than those who are at TSYS," Henry says in the release. "However, with my home and family based in Kansas City, it's time for me to pull back on my travel and spend more time at home. Chuck is the right person to take on this top leadership role and will surely grow NetSpend to new heights."

The Columbus, Ga.-based TSYS purchased the Austin, Texas-based NetSpend a year ago for $1.4 billion. The processor described the deal as "transformational," and at the time it emphasized that it was keeping its NetSpend's management in place.

"We've got the right people to manage and run it," Tomlinson said of Henry and Harris in February 2013, when the acquisition was announced. Though TSYS already had a considerable share of the prepaid card processing market, its purchase of NetSpend marked the first time the Columbus, Ga., company offered a product directly to consumers.

Harris joined NetSpend as president in July, 2010, and was initially responsible for the partner, direct and corporate paycard lines of business, as well as NetSpend's products, technology and operations. Harris joined NetSpend from Intuit, where he was general manager of the company's payment solutions division.

"It will be a seamless transition for Chuck to lead the NetSpend team. Having served as president since 2010, Chuck knows the company and the business well," says M. Troy Woods, TSYS' president and chief operating officer, in the press release. "Chuck is a 20-plus year veteran of the payments industry, and his depth of experience has elevated our ability to bring accessible and affordable financial services to the more than 68 million underbanked consumers in this country."

Woods is succeeding the outgoing Tomlinson as TSYS' CEO at the end of the month. Tomlinson will remain the executive chairman of the TSYS board until the company's 2015 annual shareholders' meeting.

Citizens Financial Group has hired Stephen T. Gannon, a former attorney for the Securities and Exchange Commission, to be its general counsel and chief legal officer.

He is scheduled to start Aug. 11. Gannon joins the Providence, R.I., company from Capital One Financial (COF), where he worked as deputy general counsel.

Gannon previously worked as an attorney and branch chief at the SEC. He also served as general counsel for the retail brokerage group at Wachovia Securities. Wells Fargo bought Wachovia in 2008, during the financial crisis.

"Steve's extensive legal background in financial services, including his expertise in securities law and regulatory matters, makes him a very strong addition to our executive committee," Bruce Van Saun, chairman and chief executive of Citizens Financial, said in a press release Monday.

News of the executive hire comes as the $128-billion Citizens prepares to be spun off by its parent company, the Royal Bank of Scotland. Last year RBS announced plans to divest itself of Citizens through a series of offerings, citing pressure from regulators. RBS filed for the unit's initial public offering in May.

Gannon replaces Sheldon Goldfarb, who will work exclusively for RBS Americas, a separate subsidiary. He served as general counsel for Citizens Financial for six years.