F&M Bancorp. in Frederick, Md., has hired John J. Joback as the chief information officer and a senior vice president of its $1.5 billion-asset principal subsidiary, Farmers and Mechanics National Bank.

He succeeded Alice Stonebreaker, who retired.

Mr. Joback was the chief information officer and chief operations officer for a year at Net Express Bank, a start-up Internet bank in Silver Spring, Md., until it shut down this year. Before that he had been a principal information technology consultant at IBM Global Services, where he worked for nine months.

Still earlier he had been the president and the chief information officer of First Virginia Services Inc., the information technology company unit of the Falls Church-based First Virginia Banks Inc., where he worked for 23 years.

F&M has $1.8 billion of assets.

Sterling Bancorp in New York has promoted John C. Gallo Jr. to president of its Sterling Financial Services Co. Inc., which helps small to midsize businesses finance consumer installment receivables.

He was also promoted to a senior vice presidency at the holding company's principal subsidiary, Sterling National Bank.

Since joining the company in 1995, Mr. Gallo had been the vice president in charge of Sterling Financial Services' lending group and a vice president at the bank.

He has 30 years of lending experience. Before joining Sterling he had been an assistant director of special assets in Bayside, N.Y., at Home Savings of America, his employer for three years. (Washington Mutual Inc. bought its parent, the California-based H.F. Ahmanson & Co., in 1998.) Still earlier he had been a senior vice president for three years at the now-closed First New York Bank for Business.

He reports to John Millman, the president of $1.3 billion-asset Sterling Bancorp.


First National Bank and Trust Co. in Asheboro, N.C., has hired Mark Hensley as the manager of its mortgage loan department.

He succeeded Jack Sugg, who retired after 15 years with the $581 million-asset company.

Mr. Hensley was the Florida and Georgia mortgage sales manager and a senior vice president at Wachovia Mortgage Financial Services. Before that he had held jobs there as a senior administrative manager, a processing, underwriting, and closing division manager, a special project team leader, an office manager, a loan officer, and an adjuster.

He has 20 years of experience in sales management and operations in financial and mortgage services.


Greater Bay Bancorp in Palo Alto, Calif. has hired Steve Heitel as the chief operating officer and an executive vice president of its $1.8 billion-asset Cupertino National Bank.

Mr. Heitel was the San Jose and Silicon Valley commercial banking and market president and a senior vice president at Bank of America Corp. He has 20 years of banking experience.

Greater Bay has $5.4 billion of assets.

Manufacturers Bank, a Los Angeles subsidiary of the Osaka-based Sumitomo Mitsui Banking Corp., has hired Caroline Lee as the vice president in charge of commercial lending in the Pacific Rim.

Ms. Lee, who is based in City of Industry, was a vice president and an assistant manager at the Alhambra-based FCB Taiwan California Bank, a unit of First Commercial Bank in Taipei. She worked for FCB for three years.

Before that she had been an assistant vice president and a commercial banking officer in the trade and corporate finance division at Preferred Bank in Los Angeles. Still earlier she had worked as a loan officer, a business development officer, and an operations officer at General Bank in Los Angeles.

She has 10 years of commercial banking experience in California.

Manufacturers has $1.2 billion of assets.

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