Executive Changes

MIDDLE ATLANTIC

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Penn Federal Savings Bank of Newark, N.J., has hired Anthony Bilotta as its branch administrator and a senior vice president.

He will oversee the $2 billion-asset bank's 25 branches in New Jersey. Mr. Bilotta was a market sales manager and a vice president at PNC Bank in West Paterson, N.J., where he had worked since 2003. He has 25 years of banking experience in the state.


Abigail Adams National Bancorp Inc. of Washington said that Kathleen Walsh Carr, the president and chief executive officer of its $258 million-asset Adams National Bank, has resigned.

Jeanne Delaney Hubbard, the president and CEO of the parent company and the chairwoman of the bank, has succeeded Ms. Carr.

Adams National Bank, which was founded in 1977 as Women's National Bank and changed its name in 1986, focuses on women, minorities, small businesses, and nonprofit organizations.


SOUTHEASTGateway Financial Holdings Inc. of Elizabeth City, N.C., said Mark A Holmes, its chief financial officer and a senior executive vice president, is resigning to accept a position elsewhere.

Mr. Holmes is also the CFO of the company's $677 million-asset Gateway Bank and Trust Co.

He will leave Nov. 30 to become the president and chief executive officer of the $47 million-asset Select Bank and Trust of Greenville.

His functions will be assumed by other, unspecified officers, Gateway said.

Mr. Holmes said in an interview that he would start his new jobs Dec. 1.


South Carolina Bank and Trust of Orangeburg has named Richard Sturm the president of its Beaufort region.

Mr. Sturm had led the bank's upstate commercial operations from Greenville for the past three years. He has 18 years of banking experience.

South Carolina Bank and Trust is the main banking unit of the $1.6 billion-asset SCBT Financial Corp.


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