Citizens Financial Group Inc. in Providence, R.I., has appointed Robert T. Gormley, the chairman, president, and chief executive officer of Citizens Bank New Hampshire, president and CEO of its banks in Rhode Island and Connecticut.
Mr. Gormley succeeds James R. Claffee as president and CEO of Citizens Bank of Connecticut and Mark J. Formica as president and CEO of the Rhode Island bank. Mr. Claffee has left the company to pursue other interests.
Mr. Formica, a corporate vice chairman, was named chairman of the Connecticut bank and will remain chairman of Citizens Bank of Rhode Island. At the corporate level, he is responsible for marketing, convenience banking, and retail mortgage lending.
Kim Meader is to succeed Mr. Gormley as chairman, president, and CEO of the New Hampshire bank. Mr. Meader was senior vice president and head of Citizens' northern Massachusetts commercial lending team.
Mr. Gormley is to work from offices in Middletown, Conn., and Providence. He joined Citizens in 1993 as executive vice president and senior lending officer in the Rhode Island bank. He was promoted to president and CEO of the New Hampshire bank in 1996. Earlier he was executive vice president and senior loan officer in commercial lending at Fleet Bank of Connecticut.
Finally, Citizens has named Edward O. Handy 3d regional president in charge of Citizens Bank of Connecticut's commercial and commercial real estate lending. He will keep his title and responsibilities as senior vice president and head of Citizens' commercial loan syndication group.
The company has $22 billion of assets.