Executive Changes

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PrivateBancorp Inc. of Chicago has named Thomas J. Olivieri its director of operations, a newly created job.

Mr. Olivieri will remain a managing director at the $3.3 billion-asset company's PrivateBank and Trust Co., the main unit of three that share the PrivateBank name.

Before joining the bank in 2003, he had been the president of BankChicago from 1994, when it was named East Side Bank and Trust Co., until Standard Bancshares Inc. of Hickory Hills, Ill., bought it in 2003. He joined East Side Bank in 1990.


MB Financial Inc. of Chicago has named Thomas D. Panos the president of its $5.3 billion-asset MB Financial Bank.

He succeeded Burton J. Field, who was named the president of lease banking but will remain a member of the company's senior management committee and a director of the bank.

Mr. Panos, who had been an executive vice president, will remain the bank's chief commercial banking officer. He has had that job since 1996, when the bank was named Manufacturers Bank. (Its name was changed when MB Financial merged with MidCity Financial Corp. in 2001.)

Mr. Field, who joined Manufacturers Bank in 1970, became its president in 1983.

MB Financial Inc. also owns the $400 million-asset Union Bank of Oklahoma City.


Mercantile Bancorp Inc. of Quincy, Ill., has promoted Ted T. Awerkamp to president and chief executive officer of its main banking unit, Mercantile Trust and Savings Bank.

He succeeded Dan S. Dugan, who remains the $1.1 billion-asset parent's president, CEO, and chairman.

Mr. Awerkamp, who had been an executive vice president and the chief operating officer of the bank since 1993, will remain a vice president and the secretary of the parent; he has held that title and job since 1994.

Before that he had been the president of another Mercantile Bancorp unit, Security State Bank of Hamilton, from 1988 to 1993. Still earlier he had been an assistant vice president for Mercantile Savings from 1986 to 1988.

Mercantile Bancorp has nine banking units.


MIDDLE ATLANTICSpencer Savings Bank, a $1.7 billion-asset thrift in Elmwood Park, N.J., has hired Robert J. Sansky as its chief financial officer and a senior vice president.

Mr. Sansky was an executive vice president, the chief retail banking officer, and the northern region president for Provident Bank of Montebello, N.Y. He worked in a variety of jobs in his 20 years with the $2.6 billion-asset bank.

He began his 35-year banking career at the Federal Reserve Bank of New York as an auditor.


WESTCowlitz Bancorp. of Longview, Wash., has hired Gerald L. Brickey as the chief financial officer and an executive vice president of the company and its $311 million-asset Cowlitz Bank.

Mr. Brickey was the controller of Pope & Talbot Inc., a forest products company in Portland, Ore. His most recent banking job was as a vice president and an assistant controller at the old U.S. Bancorp, which First Bank System Inc. of Minneapolis bought in 1997.


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