Career moves

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.

CUs announce new hires, promotions—and who’s crashing GAC.

Bank of Oak Ridge in Oak Ridge, N.C., has a successor for its departing president and chief executive.