Century Bancorp in Medford, Mass., has hired Diana L. Carito as vice president and audit director and William G. Mazzola as manager of its Beverly, Mass., branch.Both are former employees of Boston-based UST Corp., the parent company of USTrust. Citizens Financial Corp. in Providence, R.I., bought UST in January.
Ms. Carito will be responsible for planning, implementing and administering a comprehensive internal audit program at $901 million-asset Century. She was an audit manager and a vice president at USTrust, where she worked for 13 years. She was responsible for audits in departments including consumer lending, deposit operations, and cash management services.
Mr. Mazzola was an assistant manager at USTrust's Swampscott, Mass., branch. He had been with the bank for four years.
Century Bancorp is the parent of Century Bank and Trust Co.
Kankakee Bancorp in Illinois said vice chairman Larry D. Huffman, the president of Kankakee Community College, will become president and chief executive officer of the holding company and its Kankakee Federal Savings Bank next April.Mr. Huffman will retire from Kankakee Community College and succeed William Cheffer as president and CEO of Kankakee Bancorp and David B. Cox as president and CEO of the bank.
Mr. Huffman has been a director of the holding company since it was formed in 1992, and has been chairman of the audit committee for five years. He also led the year-2000 preparedness committee and has been a member of the loan committee.
Mr. Cheffer will remain the holding company's chairman. He succeeded the late James Schneider in all three top posts in February.
Mr. Cox will retire after seven years as bank president and CEO. He began his career in 1956 with the bank's predecessor, Kankakee Federal Savings and Loan Association, as a mailroom messenger.
Kankakee Bancorp has $399 million of assets.
San Jose National Bank in California has promoted senior vice presidents Judy Doering-Nielsen, Frederic H. Charpiot, and Margo A. Culcasi to executive vice presidents.Their duties did not change.
Ms. Doering-Nielsen has been senior lending officer since joining the bank 1991. She is responsible for supervising the commercial, Small Business Administration, and real estate lending groups; the factoring asset-based lending group, SJNB Financial Services; and the leasing subsidiary, Epic Funding. She and Mr. Charpiot are Epic board members.
She came to San Jose National from the San Jose office of Pacific Western Bank, where she was manager of corporate lending for the Santa Clara Valley region. She worked at Pacific Western for two years. Earlier, she managed the Northern California business banking division for Wells Fargo & Co., her employer for 23 years.
Mr. Charpiot has been chief credit officer since his promotion to senior vice president 10 years ago. He is responsible for overall credit policy and procedures as well as legal issues. He shares credit-quality responsibilities with Ms. Doering-Nielsen.
He began at San Jose National 16 years ago as a vice president in commercial lending. Earlier he was at Redwood Bank, and before then at Hibernia Bank, both in San Francisco.
Ms. Culcasi is manager of bank operations. She was hired in 1993 as a senior vice president and bank liability manager. Earlier she was at the San Jose offices of Cupertino National Bank and, before then, of Pacific Western Bank.
San Jose National has $614 million of assets and is owned by SJNB Financial Corp.
Commerce Capital Markets Inc., a subsidiary of Commerce Bancorp in Cherry Hill, N.J., has hired Brian B. Burke as a managing director in its public finance group.He will develop and implement municipal financing programs in central and northern New Jersey.
Mr. Burke was a senior director in public finance for First Union Capital Markets in Summit, N.J. He has 20 years of public finance experience in the state, with an emphasis on solid waste treatment, water treatment, health-care, and education projects.
Commerce Bancorp has $7 billion of assets.