Executive Changes

MIDDLE ATLANTIC

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Gateway Financial Holdings Inc. of Elizabeth City, N.C., has hired Theodore L. Salter as its chief financial officer and a senior executive vice president.

Mr. Salter joined the company after a 20-year career with Illinois Tool Works Inc. of Glenview. He joined the manufacturer's ITW Southland division in 1985 and had been the division's vice president of finance and chief financial officer since 1988.

As Gateway's CFO, he succeeded Mark A. Jeffries, who had held the job on an interim basis after Mark A. Holmes left the company in November to become the president and chief executive officer of Select Bank and Trust of Greenville, N.C.

Mr. Jeffries will remain Gateway's controller.

Gateway is the parent of the $738 million-asset Gateway Bank and Trust Co.


SOUTHEASTR&G Financial Corp. of San Juan, Puerto Rico, has hired Rolando Rodriguez as the president of its $3.1 billion-asset Florida unit, R-G Crown Bank.

Mr. Rodriguez came to the Casselberry, Fla., savings bank from Doral Bank. He was the San Juan bank's chief lending officer, a senior executive vice president, and a director.

Before that, from 1988 to 1994, he had been a senior audit examiner at the Office of Thrift Supervision. Earlier he had been a credit analyst at Republic National Bank of Miami, now a part of Regions Bank.


Great Pee Dee Bancorp Inc. of Cheraw, S.C., has named John S. Long its president and chief executive officer.

He succeeded Herbert W. Watts, who retired at the end of last year and had held those posts since Great Pee Dee was founded in 1997.

Mr. Long will remain the president and chief executive officer of its $216 million-asset Sentry Bank and Trust. He joined the bank in 1997 as a vice president; became its chief operating officer the following year; was named its president in 2003; and added the CEO title in 2004.


WESTCommerce National Bank of Fullerton, Calif., has hired Lisa Loughran as its director of operations and a vice president.

Ms. Loughran came to the $116 million-asset bank from Pacific Liberty Bank. She was a vice president and the operations administrator at the $151 million-asset Huntington Beach bank, which First Community Bancorp bought in October and merged into its Pacific Western National Bank.

Earlier in her banking career she had worked at Union Bank of California and California Federal Bank, which Citigroup Inc. bought in 2002.


First Federal Bank of California, the $9.9 billion-asset Santa Monica subsidiary of FirstFed Financial Corp., has hired Simone Lagomarsino as the head of its retail banking division and an executive vice president.

Ms. Lagomarsino was the managing director for diversification, planning, and deployment at Countrywide Bank, the $71 billion-asset unit of Countrywide Financial Corp.

Before that she had worked for five years at Hawthorne Savings of El Segundo, joining as its chief financial officer in February 1999 and becoming its president and chief executive officer the following December. (Commercial Capital Bancorp Inc. of Irvine bought the $2.7 billion-asset thrift in 2004.)


Umpqua Holdings Corp. of Portland, Ore., has hired Donald Becka as the director of facilities for the company and its $5.2 billion-asset Umpqua Bank.

A press release said he would extend Umpqua's brand through store development and acquisition.

Mr. Becka was a vice president and a real estate manager for Washington Mutual Inc. of Seattle. Before that he had been the Northwest real estate manager for McDonald's Corp. of Oak Brook, Ill.

He has 20 years of real estate management experience.


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