Executive Changes

WEST

Citizens Business Bank in Ontario, Calif., has hired Brian Nakamura, Carolyn Cox, and Miriam Hall as vice presidents and promoted David Hosking to that rank.

Mr. Nakamura will be a banking officer in the Saddleback office of the $2.3 billion-asset bank. He was a vice president and project manager in the private banking and real estate divisions at Bank of America Corp. and has eight years of banking and real estate experience.

Ms. Cox and Mr. Hosking became new-business trust officers in the asset management division.

Ms. Cox was a vice president and trust business development officer in the Claremont office of PFF Bank and Trust in Pomona and was simultaneously the director of foundation and endowment development at the Los Angeles County Fair and Exposition Complex, also in Pomona. She has 18 years of trust services and investment management experience.

Mr. Hosking was a financial consultant at Citizens. He has 20 years of financial consulting experience.Ms. Hall will also work in the asset management division. She was an assistant vice president and trust officer at Sanwa Bank of California and has 12 years of trust services experience.


Manufacturers Bank in Los Angeles has promoted vice president Richard C. Reid to senior vice president and made him the manager of the commercial banking unit at its Newport Beach, Calif., branch.Mr. Reid had been a vice president and a loan team leader since joining Manufacturers in 1998. Before that he had been a vice president and the Fullerton manager at Citizens Business Bank of Ontario, Calif., where he had worked for a year.

Still earlier he had been a vice president and the Orange manager for commercial and small-business sales and lending at the Newport Beach-based National Bank of Southern California (now part of U.S. Bancorp), where he had worked for three years.

He has 25 years of banking experience in California, including jobs at Sunwest Bank, Union Bank of California, and Wells Fargo Bank. He started his career at Lloyds Bank California in Los Angeles, which Sanwa Bank California acquired in 1986.

Manufacturers, a subsidiary of Sakura Bank Ltd., has $1.2 billion of assets.

NEW ENGLAND

Ledyard National Bank in Norwich, Vt., has promoted senior vice presidents Daniel C. Yates, a senior loan officer, and Gregory D. Steverson, its chief financial officer, to executive vice president.

Their responsibilities did not change.

Mr. Yates has been a senior loan officer at the $195 million-asset bank since he joined it three years ago. Before that he had held the same position at Lyndonville Savings Bank and Trust in Vermont.

Mr. Steverson has been chief financial officer since he joined Ledyard two years ago. Before that he had been the controller and treasurer at a New Hampshire bank, New London Trust Co., which Lake Sunapee Bank of Newport, N.H., bought in 1999.

MIDDLE ATLANTIC

Commerce Bank in Cherry Hill, N.J., has hired David Swoyer as its senior vice president of middle-market and specialized lending for New Jersey.

Mr. Swoyer was the Philadelphia-area managing director of the capital markets department at First Union National Bank. He joined First Union in 1998 when it bought his previous employer, CoreStates Bank in Philadelphia.

He has 20 years of banking experience in asset-based, health-care, and middle-market lending in New Jersey and Pennsylvania. He started his banking career at Philadelphia National Bank in Ardmore, Pa., which First Union bought in 1998.

Commerce Bank is a subsidiary of $8.5 billion-asset Commerce Bancorp.

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