Monarch Community Bank in Coldwater, Mich., a subsidiary of Monarch Community Bancorp Inc., has hired 40-year industry veteran Ronald R. Reed as executive vice president and chief lending officer of the bank.

Reed most recently worked for T. Curtis & Co. as a contractor for the Federal Deposit Insurance Corp. in its role as receiver for Lakeside Community Bank in Sterling Heights, Mich.

Before that, Reed was the president and chief executive of Lakeside Community Bank. Previously he was chief credit officer at Lakeside.

Reed was president and CEO of Community Central Bank in Mount Clemens, Mich., from 2000 to 2007.

Monarch Community Bank has $263 million of assets.


First National Community Bancorp Inc., the parent company of First National Community Bank in Dunmore, Pa., has hired David D. Keim as first senior vice president and chief credit officer.

Before joining the bank, Keim was chief risk officer for Heartland Financial.

He also worked for Susquehanna Bancshares in Lancaster, Pa., as senior executive vice president and chief credit officer.

First National Community Bancorp has $1.4 billion of assets.

Virginia Heritage Bank in Fairfax has promoted Charles C. "Chris" Brockett to chief operating officer.

Brockett, who will remain chief financial officer, has been with the bank since its inception in November 2005. He has more than two decades of experience in the northern Virginia banking market.

Virginia Heritage has $405 million of assets.

Xenith Bankshares, the holding company for Xenith Bank in Richmond, Va., has promoted Judy Gavant to principal accounting officer.

Gavant is also senior vice president and controller of the bank.

Before joining Xenith, Gavant was Owens & Minor Inc.'s director of finance in corporate and business development.

Xenith Bank has $227 million of assets.


BankUnited in Miami Lakes, Fla., has hired Richard Garcia as assistant vice president and private banker.

He will be based in the $11 billion-asset bank's Brickell office.

Garcia previously worked at Wachovia Bank, most recently as a licensed financial specialist.

Before that, Garcia was a mortgage banking team leader with LendAmerica Home Loans.


Banner Corp. in Walla Walla, Wash., the parent of Banner Bank and Islanders Bank, has promoted Mark J. Grescovich to chief executive of the parent company and the bank to succeed D. Michael Jones, who has retired.

Jones will continue to hold seats on both boards.

A 23-year veteran of the industry, Grescovich has been president of the bank and company since April, positions he will retain.

He is also a member of the boards of the bank and the company.

Grescovich was the executive vice president and chief corporate banking officer for FirstMerit Corp. and FirstMerit Bank in Akron.

At FirstMerit, Grescovich was responsible for commercial and regional lines of business.

Banner Bank has $4.4 billion of assets.

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