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The First Bancorp (FNLC) in Damariscotta, Maine, announced that its chief executive is retiring early next year and will be replaced by its chief operating officer.
May 21 -
The $769 million-asset bank said in a press release that Joseph DeVito had become its president and chief executive. DeVito succeeded Kenneth Brennan, who will become Village Bank's chairman.
May 15
Community 1st Bank (CFBN) of Auburn, Calif., shuffled its executive team
The appointment marks Haydon's second stint as chair of the $211 million-asset bank. He is the founding chairman of the community bank, which opened in 2006. He stepped down in 2011 at the request of the board to serve as CEO and to manage the bank's recovery from the financial downturn.
James J. Kim will take replace Haydon as president and CEO. He joined Community 1st in 2007, and has held several executive positions at the bank, including executive vice president, chief operating officer and chief financial officer.
"I have achieved what I envisioned when I accepted the board's request to serve and lead the bank during a very difficult time," Haydon said in a May 22 press release. "Today, I am most satisfied to leave the day-to-day management knowing the bank is thriving and poised for continued success."
Community 1st incurred steep losses during the financial crisis,
As part of the reshuffling, the bank said that outgoing its chairman, Russell P. Baldo, will continue to serve on the board as a vice chairman. Also, the bank's current controller, Toni B. White, was promoted to senior vice president and interim chief financial officer.
Community 1st Bank operates three offices in the Sacramento metropolitan area.
