Career moves

Fifth Third Bancorp in Cincinnati has tapped a new chief strategy officer to replace Dan Poston, who will leave the bank to join the payment processor Vantiv.

PenFed Foundation selects a president and an executive director, and other appointments, promotions and new hires.

What does a small bank do when a much larger bank encroaches on its home turf?

Paul Waltz is the new CEO of electronic funds transfer network Shazam, replacing the retired Michael Hollinger.

Community 1st Bank in Auburn, Calif., has named Kevin Watson chief financial officer.

Wells Fargo has named Michael DeVito head of mortgage production, making him responsible for its retail and correspondent lending divisions.

Veridian announces new head of compliance, Point Breeze names lots of new SVPs, and more hires, promotions.

NASHVILLE, Tenn. — Volunteer Corporate CU CEO Rick Veach will retire at year end, with current SVP and CFO Jeffrey Merry stepping up to the chief executive role effective Jan. 1.

Comerica has named Peter Sefzik market president for Texas, effective immediately. Sefzik succeeded Patrick Faubion, who was promoted to executive vice president of Comerica's Business Bank in July.

Illinois Educators Credit Union in Springfield has named Jody Dabrowski its chief executive, succeeding the retiring Gene Taylor. Dabrowski was an assistant vice president of risk management at the $668 million-asset Community Choice Credit Union in Farmington Hills, Mich.