Despite a career that had more to do with regulation than bank management, Brian Dittenhafer had no problem finding a job running a bank.

Mr. Dittenhafer, president of the Federal Home Loan Bank of New York, wasn't even in the job market when Collective Bancorp in Egg Harbor City, N.J., came calling. On Aug. 11, he was named president of Collective Federal Savings Bank, a subsidiary of the $2.5 billion-asset company. He will assume the post next month.

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