Century Savings in N.J. hires veteran banker as its president

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Century Savings Bank in Vineland, N.J., has split the roles of president and CEO.

The $443 million-asset Century said in a press release Monday that it had hired David Hanrahan as its president. Hanrahan succeeded David Hemple, who remains the bank's CEO.

Hanrahan previously served as president and CEO of Capital Bank of New Jersey, which was sold last year to OceanFirst Financial.

“This new structure will put tremendous experience and expertise at the helm of our bank,” Carl Kirstein, Century's chairman, said in the release. "Both Dave Hemple and Dave Hanrahan are very successful CEOs, and their individual capabilities, skills and personalities are highly complementary of one another.”

Hanrahan will be responsible for overseeing the bank's lending division, along with expanding existing loan products and services and exploring new markets.

Separately, Century said it hired Joseph Rehm as senior vice president of commercial lending. Rehm had been chief lending officer at Capital Bank.

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