Daniel McKew got a second chance right away.
McKew, who recently resigned after a year as president of 1st Mariner Bank, was named president of CFG Community Bank. Both are based in Baltimore. The $517.2 million-asset CFG Community is operating under a consent order from the Federal Reserve regarding its board's governance practices.
"We are confident that under Dan's leadership, CFG Community Bank will continue to be a financially sound and highly profitable bank headquartered in the Baltimore-Towson area," Gary Rever, chief executive of CFG Community, said in a press release.
A 20-year veteran of the banking industry, McKew seeks to grow CFG Community's loans and deposits, the company said Tuesday in a press release. He will look to increase its existing small business and middle market products by adding secured equipment lending and leasing as well as leasing to municipalities.
McKew joined 1st Mariner in October 2010 about a month before its parent company reported a third-quarter loss of $4.6 million. He resigned last month as it reported a third-quarter 2011 loss of $8 million. It has $1.2 billion of assets.
Prior to working at 1st Mariner, McKew was chief executive of SunTrust Equipment Finance & Leasing Corp. in Towson where he ran the company's $6.8 billion leasing business.
CFG Community has made other leadership changes this year. Rever was named as CEO and O. James Talbott II and Bruce Yarwood were appointed to its board.
The Federal Reserve said this month that it had entered into a consent order with CFG Community and its parent, Capital Funding Bancorp Inc., after finding "certain safety and soundness deficiencies at the bank and violations of laws and regulations."
The Fed ordered CFG Community to hire independent consultants to assess its corporate governance, board and management structure and reimbursement policies. Capital Funding was ordered to submit "an acceptable written code of ethics and conflicts of interest policy" and take other actions.
CFG Community posted the largest profits of banks based in the Baltimore-Towson area in the first six months of 2011 with gains of $11 million, according to the Baltimore Business Journal.