Career moves

State Bank Financial in Atlanta has reduced its workforce by consolidating several company departments, as it pivots away from failed-bank loss-share agreements and looks to acquire healthy banks.

Glen Burnie Bancorp in Maryland is looking for its next chief executive.

Old Point Financial in Hampton, Va., has selected its chairman's son as chief executive of Old Point National Bank of Phoebus.

Gregory Baer, the head of regulatory policy for JPMorgan Chase, will be the next president of The Clearing House Association, the group announced Friday.

Zions Bancorp. in Salt Lake City has named Karin Lockovitch director of compliance.

Core processor taps new CEO, systems analyst recognized for “Core Values” and other CU people in the news.

CIT Group in New York has named Dorene Dominguez to the board of its banking unit.

SmartFinancial in Knoxville, Tenn., has appointed a chief credit officer for its newly acquired Cornerstone Community Bank.

Bank of Fincastle in Virginia has named Charles “Scott” Steele chief executive, after its longtime CEO retired.

Fifth Third Bancorp has promoted Teresa Tanner to chief administrative officer, the latest change in executive management at the Cincinnati company.

Some argue directors already are being compensated, albeit not in the form of actual salaries, other argue compensation of any sort dilutes the power of something long held to be a backbone of the movement: its volunteers.

Bryn Mawr Bank in Pennsylvania has hired Michael Harrington as its chief financial officer and treasurer. Harrington, who was also named CFO of Bryn Mawr Trust, was the CFO and treasurer at Susquehanna Bancshares, which was acquired earlier this year by BB&T.

Elizabeth Buse plans to step down as Monitise's CEO less than two years after assuming the top role at the slumping mobile technology company.

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.

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.