Executive Changes

WEST

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Santa Clara Valley Bank of Santa Paula, Calif., has promoted Charles E. Elliott Jr. to executive vice president.

Mr. Elliott, who was a senior vice president, will remain the chief credit officer.

Before joining the $96 million-asset bank, he was an executive vice president and the chief credit officer for International City Bank of Long Beach.

Earlier he had been the chief credit officer of City Commerce Bank in Santa Barbara and the president and chief executive officer of Channel Islands Bank of Oxnard.

Still earlier he had worked for Bank of Montecito of Santa Barbara and Security Pacific Bank of Los Angeles.


MIDWESTFirst Bancshares Inc. of Mountain Grove, Mo., has promoted Daniel P. Katzfey to president and chief executive officer of the company and its $227 million-asset First Home Savings Bank.

He had held those jobs on an interim basis since Dec. 22, when James W. Duncan resigned.

Mr. Katzfey joined the bank a month earlier as its chief lending officer and an executive vice president. Before that he had been an executive vice president and a commercial lender at the $134-million asset Village Bank of Springfield since February 2004.

Before that he held various positions at Sun Security Bank of Greenfield.


Delaware Place Bank of Chicago has named Andrew T. Schmidt the head of its bank operations and a vice president.

He has also been named the $334 million-asset bank's compliance officer, security officer, and information security officer.

He succeeded Rauf Kalota, who left Delaware Place.

Mr. Schmidt had been an assistant vice president of marketing since February 2006. He joined the bank in September 2003 as a business development officer.


First Banks Inc. of St. Louis said that Terrance M. McCarthy would succeed Allen H. Blake as its president and chief executive officer April 1, when Mr. Blake will retire.

Mr. McCarthy has been a senior executive vice president and the chief operating officer since 2002. He is also the chairman, president, and CEO of the company's $9.7 billion-asset First Bank.

He joined the company in 1995, when it bought Queen City Bank, where he had been an executive vice president and the chief credit officer.


First Merchants Corp. of Muncie, Ind., said Michael C. Rechin would become its president and chief executive officer April 24, when Michael L. Cox will retire.

Mr. Rechin is the chief operating officer of the $3.5 billion-asset multibank holding company, which he joined 15 months ago.

Before that he had been an executive vice president at National City Bank, managing its corporate banking operations in Indiana. He joined National City in 1984, when it bought BancOhio Corp. of Columbus.


SOUTHEASTFirst National Bank of Pennsylvania in Hermitage has hired Dale Dignum as the executive vice president in charge of its Tampa Bay region, a new market for the $6.1 billion-asset unit of F.N.B. Corp.

Mr. Dignum was the central Florida group president for Regions Bank of Birmingham, Ala., and the president of its Tampa market.

Before that he had worked for Key Bank. He began his career in 1979 at First Florida Bank of Naples.


FNB Corp. of Christiansburg, Va., has hired William B. Littreal as its chief financial officer and an executive vice president.

He succeeded Daniel A. Becker, who retired from the $1.5 billion-asset company.

Mr. Littreal was the CFO at the $184-million asset TransCommunity Financial Corp. of Glen Allen, Va.


M&F Bancorp Inc. of Durham, N.C., has hired Kim D. Saunders to be the president and chief executive officer of the company and its $248 million-asset Mechanics and Farmers Bank.

Ms. Saunders is the president and CEO of Consolidated Bank and Trust Co., an $82 million-asset unit of Abigail Adams National Bancorp Inc. of Washington. She will start her new job Feb. 26.

At M&F, she will succeed Ronald Wiley, who resigned. Walter S. Tucker, a former city executive with the bank and a 25-year member of its board, will hold the president and CEO jobs on an interim basis until Ms. Saunders arrives.


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