Area Bancshares, Owensboro, Ky., named executive vice president John S. Penn to be acting chief operating officer and Jack H. Brown to be chief financial officer.

Mr. Penn is responsible for operations, human resources, marketing, and research. He is also responsible for the president's council, comprising 13 presidents of subsidiaries.

He had been president and CEO of Cardinal Bancshares, Lexington, Ky., until Area Bancshares bought it last September. Mr. Brown was chief financial officer of Cardinal Bancshares.

Mr. Penn and Mr. Brown will report to Thomas R. Brumley, CEO of Area Bancshares.

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