WEST
Horizon Financial Corp. of Bellingham, Wash., has hired Robert A. Pingle as chief operating officer of its Horizon Bank.
Pingle had been an executive vice president and chief operating officer at Town Center Bank in Portland, Ore., for 10 years. Before that he was a senior vice president and chief operations officer at Pacific One Bank. Earlier he was the senior vice president of operations administration for West One Bank.
Horizon also announced the resignation of Greg B. Spear, the chief financial officer and secretary of the company and the bank.
Spear joined the $1.3 billion-asset company last October. Before that he had been a vice chairman and the CFO of Columbia Bancorp and Columbia River Bank since 2000.
Kelli J. Holz will succeed Spear in the interim. Holz will remain a senior vice president and the controller of the company and the bank. She has been a senior vice president since 2007. She had been promoted to vice president in 1998 after having been the manager of the internal audit department since 1991. Holz has worked for Horizon since 1988.
MIDWEST
Princeton National Bancorp Inc. in Illinois has promoted Todd D. Fanning to executive vice president and hired Thomas D. Ogaard as an executive vice president and banking group manager.
Fanning will remain the chief financial officer, a post he has filled since 1997. He had been a senior vice president since 2005. He had been a vice president since 1993, and was the controller from the time he joined the company as assistant vice president in 1990 until he was promoted to CFO in 1997.
Ogaard was an executive vice president and the chief loan officer at State Bank of Park Rapids in Minnesota. He began his career in 1978.
Princeton National has $1.2 billion of assets.
NEW ENGLAND
Salisbury Bancorp Inc. of Lakeville, Conn., has hired Ian McMahon as the chief financial officer of the company and its Salisbury Bank and Trust Co.
McMahon was the senior vice president of financial planning and analysis at Doral Financial Corp. Before that he had been an executive vice president, the chief financial officer and treasurer for NewMil Bank, where he oversaw branches in Litchfield, Fairfield and New Haven counties. He had worked for NewMil since 1992 and Webster Bank bought it in 2006.
Salisbury has $532 million of assets.
SOUTHEAST
BankUnited of Coral Gables, Fla., has hired Douglas J. Pauls as its chief financial officer.
Pauls had been the CFO of Commerce Bancorp Inc. of Cherry Hill, N.J., since 2002. He had worked for Commerce since 1994, when he joined as its controller. TD Bank Financial Group bought Commerce in March 2008 and its banks now operate as TD Bank. Before joining Commerce, Pauls was the chief financial officer for Camden County, N.J. He began his career at Ernst & Young LLP.
BankUnited has $11 billion of assets.
