MIDDLE ATLANTIC
Commonwealth Bancorp in Norristown, Pa., has announced that its president, Patrick J. Ward, will also become chief executive officer in May.
He will succeed Charles H. Meacham, who will remain chairman.
Mr. Meacham joined the $1.9 billion-asset company 27 years ago. He had been its president and chief operating officer for four years before becoming the CEO in 1991.
Mr. Ward, 45, joined Commonwealth in 1992 as a senior vice president and the chief financial officer; she became president in 1997. Before joining Commonwealth, he had held management posts in the commercial and retail banking groups at Mellon Bank Corp., where he worked for eight years. He started his career in the management consulting division of Touche Ross & Co. in Pittsburgh.
Also in May, Brian C. Zwaan, Commonwealth's senior vice president of commercial banking, will become executive vice president and chief lending officer. He will be in charge of all consumer and commercial lending activities.
Mr. Zwaan, 42, joined the company in 1997 as the director and manager of its commercial loan expansion program. Before that he had held senior commercial banking posts at First Pennsylvania Bank of Bala-Cynwyd (now part of First Union National Bank); Summit Bank of Princeton, N.J., which FleetBoston Financial Corp. bought this month; and Nobel Learning Communities Inc. of Media, Pa.,
Ridgewood Savings Bank in New York has promoted William C. McGarry to president and chief operating officer.Mr. McGarry, who also became a member of the board of trustees, had been an executive vice president and the chief financial officer since last year. He had joined the $2.4 billion-asset bank in 1987 as comptroller and a vice president. He has 25 years of banking experience.
Sandy Spring National Bank of Maryland in Olney has named financial planner Philip W. Fish as a vice president.His responsibilities did not change; he provides planning, asset management, and tax and estate services
Mr. Fish joined the $1.8 billion-asset subsidiary of Sandy Spring Bancorp last year. He has 13 years of financial services experience.
MIDWESTUniversity Bank, a subsidiary of University Bancorp in Ann Arbor, Mich., has hired Rebecca J. David as its chief executive officer.
She succeeded Stephen Lange Ranzini, who remains president and chairman of the $47 million-asset bank.
Ms. David, who was also appointed to the board of directors, was the president of $550 million-asset Franklin Bank in Southfield, where she worked for six years. She has 20 years of community banking experience.
SOUTHEASTFirst Southern Bancshares in Florence, Ala., has hired Robert C. Redd as the president and chief executive officer of the $167 million-asset company and its First Southern Bank.
He also became a member of their boards of directors. He succeeded Charles L. Frederick Jr., who retired.
Mr. Redd had been Amsouth Bank's president for the Shoals area - Colbert and Lauderdale counties in northwestern Alabama - since 1993. He had joined Amsouth, which is based in Birmingham, in 1988 as the Shoals vice president and manager of regional business banking department.
He had started his 28-year banking career in the area at First National Bank of Florence, where he held management and commercial lending jobs for 16 years. (SunTrust Bank of Atlanta bought First National last year.)
WESTManufacturers Bank in Los Angeles has hired D'Ann Lungberg as a vice president and cash management sales officer.
Her job is to lead the $1.2 billion-asset bank's cash management sales efforts and assist in developing and carrying out cash management training programs for its employees.
Ms. Lungberg was a vice president and customer service manager at City National Bank in Beverly Hills. Before that she had worked in the cash management and credit services, account reconcilement, and corporate trust services areas at BankAmerica Corp. (now part of Bank of America Corp.) for 20 years. She was an assistant vice president, vice president, and project team leader at B of A.
Manufacturers is a subsidiary of Sakura Bank Ltd. in Tokyo.
