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.

Iberiabank in Lafayette, La., has named Rick Pullum its Orlando, Fla., market president.

Wells Fargo has named John C. Adams head of commercial banking, replacing Perry Pelos, who was promoted in July. Adams was head of commercial banking for Wells' western region, including northern California, Oregon, Washington and western Canada.

Four Oaks Fincorp in Four Oaks, N.C., has named an acting chief financial officer after longtime CFO Nancy Wise resigned.

Investment advisors, wealth management officers named at two credit unions and more CU people in the news.

Carolina Trust Bank in Lincolnton, N.C., has named an auto dealership executive to its board.

Comerica has hired John Buchanan as its executive vice president of legal affairs.

Prudential Savings Bank in Philadelphia has hired Douglas Smith to be its chief lending officer. Smith most recently served as chief credit officer at Noah Bank in Elkins Park, Pa.

HOUSTON — Larry Seidl is set to take over as CEO of Smart Financial CU here after current CEO Gary Tuma retires at yearend. Seidl currently serves as SVP and chief lending officer at the $632 million-asset credit union.

K2 Intelligence, an adviser on compliance and cybersecurity, has hired a former FBI cryptocurrency expert and a former regulator who worked on New York's digital currency regulations.

Bill Cooper is set to retire as chief executive of TCF Financial in Wayzata, Minn., at the end of this year.