MIDWEST
PrivateBancorp Inc. in Chicago has promoted John B. Williams to chief operating officer for the company, Gary S. Collins to executive managing director and president for its PrivateBank and Trust Co., and Hugh H. McLean to executive managing director and president for the bank's suburban offices.
Mr. Williams will remain the chairman and chief executive officer for PrivateBank, the company's $129 million-asset Milwaukee subsidiary. Before joining PrivateBancorp, he was the Wisconsin president for U.S. Bank.
Mr. Collins was a vice chairman and a managing director for PrivateBank and Trust.
Before joining the $3 billion-asset bank, he was a senior vice president at United First Financial Co.
Mr. McLean was a vice chairman and a managing director for PrivateBank in Chicago. Before that he had been a regional manager for Firstar Corp. (now U.S. Bancorp).
PrivateBancorp has $5.4 billion of assets.
MIDDLE ATLANTIC
National Penn Bancshares Inc. of Boyertown, Pa., and KNBT Bancorp Inc. of Bethlehem, which plan to complete a merger in February, have selected a senior management team to lead their combined organization.The $2.9 billion-asset KNBT would sell itself to the $5.7 billion-asset National Penn.
Scott Fainor, the president and chief executive officer of KNBT and its Keystone Nazareth Bank and Trust Co., would become a senior executive vice president and the chief operating officer for National Penn and the president and chief executive for its National Penn Bank.
Mr. Fainor has 28 years of financial services experience. Before joining KNBT in 2003, he was the president and CEO of First Colonial Group Inc.
Garry D. Koch would become a group executive vice president for National Penn and would remain its head of risk management.
Mr. Koch has 30 years of financial services experience. Before joining National Penn he was a commercial loan officer at Hamilton Bank.
Michael R. Reinhard would become a group executive vice president for National Penn and would remain its chief financial officer, a position he has held since September. Before that he was the head of finance.
Mr. Reinhard has been at National Penn for 28 years.
Donald P. Worthington would become the group executive vice president for the wealth management group and would be in charge of overseeing Christiana Bank and Trust Co., which National Penn bought Dec. 14.
Mr. Worthington was a founder of FirstService Bank in Doylestown, which National Penn bought in February 2004.
All the executives would report to Glenn E. Moyer, the president and CEO of National Penn Bancshares.
WEST
SVB Financial Group, the $5.8 billion-asset holding company for Silicon Valley Bank in Santa Clara, Calif., has promoted Chris Edmonds-Waters to head of human resources and a member of its executive management team.Mr. Edmonds-Waters has been the director of organization effectiveness since 2003.
SOUTHEAST
NewBridge Bancorp, the Greensboro, N.C., parent company of NewBridge Bank, said Monty Oliver will retire Monday as an executive vice president of finance.Mr. Oliver has 42 years of banking experience. He was an executive vice president and the chief financial officer for LSB Bancshares Inc. of Lexington until it combined with FNB Financial Services Corp. of Greensboro in July in a merger of equals to form the $2 billion-asset NewBridge Bancorp.
