MIDWEST
North Country Financial Corp. of Manistique, Mich., has hired a former state bank regulator to help rehabilitate its $522 million-asset North Country Bank and Trust.
Joseph E. Petterson has been named an executive vice president of the company and the bank. He worked for 30 years as an executive bank regulator for the state of Michigan.
From 1985 to 1998 and again for the last two years Mr. Petterson was the assistant director of the bank and trust division of the Office of Financial and Insurance Services and its predecessor, the Financial Institutions Bureau.
In this job he oversaw the examination and supervision of Michigan's 138 state-chartered banks, 31 trust departments, five state-chartered savings banks, and seven business and industrial development companies.
North Country Bank has run into asset quality problems recently. Federal and state regulators, citing shoddy lending practices and poor management, issued a cease-and-desist order against it in March.
"Joe is intimately aware of our bank and brings a wealth of Michigan banking community experience to us," said Jim Bess, who in July was hired as the president and chief executive officer of the holding company and the bank.
Citizens Banking Corp., a $7.8 billion-asset bank holding company in Flint, Mich., has hired Martin Grunst as its treasurer and a senior vice president.Mr. Grunst was a first vice president and an asset liability manager at Bank One Corp., where he worked for 12 years.
Winton Financial Corp. of Cincinnati has named Henry L. Schulhoff as the chairman of the board.Robert E. Hoeweler has also been named the $511 million-asset company's vice chairman.
Both have been board members since 1989.
Winton Financial is the holding company for Winton Savings and Loan Co.
Community Trust Bancorp Inc. of Pikeville, Ky., has hired Tracy E. Little as the president and chief executive officer of its Community Trust and Investment Co.Mr. Little was the southwest Florida vice president for Fisher Investments Inc. of Woodside, Calif.
In his 35 years of executive management experience he has also worked at Indiana Bank and Trust Co. in Fort Wayne (now a part of Bank One), U.S. Bank in Milwaukee, NationsBank in Sarasota, Fla. (now Bank of America), and Provident Bank of Florida (now Provident Bank).
MIDDLE ATLANTICCardinal Financial Corp. of Fairfax, Va., has hired Rex Wagner as the president and chief executive officer of its Cardinal Wealth Services Inc.
Mr. Wagner was the manager of the Washington office of Raymond James & Associates Inc., a unit of Raymond James Financial Inc. (Cardinal Wealth provides wealth management products to its customers through a partnership with Raymond James Financial.)
He has 20 years of investment banking experience.
WESTSilicon Valley Bank of Santa Clara, Calif., has hired Steven Rubin as the director of business development for its private banking division.
Mr. Rubin was a senior vice president and the director of marketing for the brokerage division of Wells Fargo Van Kasper LLC. (The Wells Fargo & Co. unit was renamed Wells Fargo Securities LLC last year.)
He remains a director of Smartpaper Networks Corp., the Los Gatos electronic media firm he co-founded.
Silicon Valley Bank, the principal unit of Silicon Valley Bancshares, has $3.7 billion of assets.
Western Sierra Bancorp of Cameron Park, Calif., has made Wayne D. Koonce the chief credit officer of the company and of one of its three banking subsidiaries, the $414 million-asset Western Sierra Bank.He remains a senior vice president.
Mr. Koonce had been the chief credit administrator for the parent and the bank since 1999, when Western Sierra bought Roseville 1st Community Bancorp, where he had held a similar job.
