Career moves

Banks change top executives all the time, but it's rare that one leaves for another venture and simultaneously gets recruited to the board of the bank he or she is leaving.

Old Point Financial in Hampton, Va., has agreed to nominate an activist investor's candidate for its board.

C&F Financial in West Point, Va., has named Jason Long chief financial officer of the company and its Citizens and Farmers Bank subsidiary.

Texas Capital Bancshares in Dallas has hired a TD Bank executive to expand its lending to franchise-related businesses.

Bank of America Chief Operating Officer Thomas K. Montag was paid less than Chief Executive Officer Brian T. Moynihan for the first time. Montag was awarded $15.5 million for 2015, compared with Moynihan's $16 million.

Bank of the West in San Francisco announced Wednesday that it has named TD Bank executive Nandita Bakhshi as its next president and chief executive.

Wells Fargo left Chief Executive John Stumpf’s compensation for 2015 unchanged at $19.3 million.

Elevations creates chief strategy and performance officer, CEO to serve on Fed advisory board and other CU professionals in the news.

JPMorgan Chase has named Sarah Youngwood chief financial officer for consumer and community banking.

LAFCU in Lansing, Mich., has named Patrick Spyke its new chief executive officer. Spyke, who has been LAFCU's executive vice president since 2013, will succeed Robin Frucci as CEO when he retires March 31.