Rosemarie B. Greco, chief executive of CoreStates Financial Corp.'s lead bank, has been named president of the parent company, making her the highest-ranking woman in commercial banking.

Ms. Greco, 50, will rank second in the $44 billion-asset Philadelphia company, behind Terrence A. Larsen, chairman and chief executive. Her promotion will be effective June 30, when president and chief operating officer Samuel A. McCullough, 57, steps down.

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