Chemical Fills Almost All Post-Merger Slots
Chemical Banking Corp. and Manufacturers Hanover Corp. came close to filling all of the most important post-merger executive spots on Wednesday by announcing top posts in retail banking, commercial real estate, community development, and government affairs.
The only major business or staff slots not yet filled are in international banking, said bank sources.
The latest appointments, which were circulated inside the banks, continue a trend of reserving senior posts for executives at both institutions. Some, however, clearly have less responsibility under the new alignment.
Retail Branch Chief Named
The head of branch banking for the combined bank's widespread retail network will be Alan Silberstein, 43. He currently runs Chemical's consumer banking operations. His counterpart at Manufacturers, Thomas Falciglia, 48, will be responsible for small-business banking in New York State.
Commercial real estate lending will be run by Joseph DeLuca, 46, who has that role at Chemical. Edward Nelson, his Manufacturers counterpart, was previously appointed head of energy lending.
Other Slots Filled
The chief of staff for the real estate and retail banking group will be William Jordan, 47, who has that role in Manufacturers' regional banking group. There is no similar post at Chemical.
All four report to Manufacturer's Michael Hegarty, 46.
Government affairs and community development at the new organization will be run by John Price Jr., 52, who now oversees government affairs at Manufacturers. L. Thomas Block, 43, will report to Mr. Price and be directly responsible for government affairs. He is Mr. Price's counterpart at Chemical.
As expected, Carol Parry, 50, will be responsible for community development activities at the new organization. She is currently in charge of business banking at Manufacturers, with some responsibility for community lending.