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Sterling Financial (STSA) in Spokane, Wash., is selling all of its Montana branches as it aims to become more efficient and improve its overall profits. Eagle Bancorp is buying the branches for $7.3 million.
July 2 -
Mark Severson plans to resign from Chemung Financial in Elmira, N.Y., Sept. 13 to pursue another opportunity, the $1.3 billion-asset company said Tuesday in a regulatory filing. Chemung will begin a search for his successor immediately.
September 4
The chief financial officer of Eagle Bancorp Montana (EBMT) in Helena, Mont., is stepping down to pursue another opportunity.
Clinton Morrison will resign from the $514 million-asset company on Dec. 31, Eagle said in Tuesday press release.
Eagle's president and chief executive, Peter Johnson, will take over Morrison's responsibilities while the company searches for a permanent replacement. Johnson was Eagle' CFO before he was appointed CEO in 2007.
Eagle grew "from a less than $170 million dollar bank to over $513 million in assets" under Morrison's tenure, Johnson said in the release. "We appreciate all of his efforts during this period of tremendous growth, and we wish him well in his future endeavors."