Nicholas J. Palermo, former consumer and international banking executive at two of New York City's leading banks, has settled for a quieter environment as a community banker in Ansonia, Conn.

Mr. Palermo became president, chief executive officer, treasurer, and a director of the $429.2 million-asset Great County Bank, succeeding Frederick Quinn, who resigned. The 55-year-old Mr. Palermo had been appointed interim president and CEO in March.

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