Commonwealth Bank has $2 billion in total assets, with 52 branches.

Continental Bank of Garden City in New York has hired Thomas R. Cangemi as senior vice president and chief financial officer and Peter D. McCarthy as senior vice president and operations officer.

Mr. Cangemi succeeded William Schult, who the bank said left to pursue other interests. Mr. Cangemi was vice president and chief financial officer of Sunrise Federal Savings Bank in Farmingdale, N.Y.

Mr. McCarthy succeeded John Holland, who also left Continental, according to a bank spokeswoman. Mr. McCarthy was first vice president and regional manager at Citizens First National Bank in New Jersey. Before that, he was vice president and regional manager at Crossland Federal Savings Bank. He earlier had been vice president and district manager with Bank of New York's Long Island operations.

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