Career moves

DEL MAR, Calif. – So you think your family chili recipe is pretty special? Time to prove it at the 2016 XDI Credit Union Chili Challenge.

Middlesex Savings Bank in Natick, Mass., has promoted a senior banker to chief commercial credit officer.

PayPal Holdings has named the head of a cryptocurrency firm to its board.

Codorus Valley Bancorp in York, Pa., will soon have a new leader for its bank.

The credit union movement soon will lose yet another iconic figure, as Stan Hollen announced he will retire as president and CEO of CO-OP Financial Services on May 31.

Umpqua Holdings in Portland, Ore., has hired Tory Nixon, who played for the San Francisco 49ers in the 1980s, as head of commercial banking.

Valley National Bank in Wayne, N.J., has a new chief administrative officer.

Mary Kay Bates, who had been chief operating officer in January 2014, was promoted to president of the $724 million-asset bank in Spirit Lake, Iowa.

David Foss is set to become chief executive of Jack Henry & Associates in July. He will remain president of the technology and payment processing services provider.

Two new chief operations officers, a chief risk officer and a chief audit executive joined the C suite and other credit union professionals in the news.

ALEXANDRIA, Va. – Just hours after President Barack Obama announced his intent to nominate NCUA Board Member J. Mark McWatters to the Board of the Export–Import Bank of the United States, McWatters said he remains focused on his work with credit unions.

Fundation Group, an online small-business lender, has hired an industry veteran as its first chief operating officer.

Old Fort Banking in Tiffin, Ohio, has sold a controlling interest to its employees. The Old Fort Employees Stock Ownership and 401(k) plan bought a 45% stake in Gillmor Financial Services, the holding company for the $471 million-asset Old Fort.

DNB Financial in Downingtown, Pa., said its chairman and chief executive, William Latoff, has died. He was 67.

Eagle Bancorp in Bethesda, Md., has hired four bankers to a develop a business line making Federal Housing Administration-insured loans for multifamily rental properties.

Merchants Bancshares in South Burlington, Vt., has named an interim principal financial officer after its chief financial officer resigned.

Live Oak Bancshares in Wilmington, N.C., one of the largest 7(a) program lenders in the U.S. last year, has promoted Greg Thompson to chief operating officer.

Patriot National Bancorp in Stamford, Conn., said that its chief financial officer resigned this week and that it has hired a former Connecticut community bank executive to replace her.

Trona Valley Federal Credit Union in Green River, Wyo., has named a new chief executive after the planned retirement of its longtime chief.

Fintech maven and venture capitalist Peter Thiel has invested in Deposit Solutions, an open architecture platform for European retail savings deposits.