Ameriana Bancorp of New Castle, Ind., has hired John J. Letter as its treasurer, chief financial officer, and a senior vice president.

He succeeded Bradley L. Smith, who has left the$478 million-asset company.

Mr. Letter was a regional president at Old National Bank in Evansville. He had also been a district president and a regional CFO during his tenure with the $7.8 billion-asset bank.

Earlier he had held CFO jobs at American National Bank, Muncie Federal Savings Bank, and Pioneer Savings Bank.

Oakland Commerce Bank, a Farmington Hills, Mich., unit of Capitol Bancorp Ltd. of Lansing, has hired Larry R. Nichols as its president and chief executive officer.

Mr. Nichols came to the $131 million-asset bank, one of 50 owned by Capitol, from Huntington National Bank, where he was a senior vice president and manager of business banking.

Before that he had held a variety of executive management jobs at Bank One, now part of JPMorgan Chase & Co., and National City Bank.

SOUTHEASTEast Carolina Bank of Engelhard, N.C., has promoted T. Olin Davis to chief credit officer.

He succeeded William F. Plyler 3rd, who has retired.

Mr. Davis, who remains a senior vice president, had been a senior credit policy officer since last year. Before that he had been the Outer Banks region manager for the $599 million-asset unit of ECB Bancorp Inc.

He joined the bank in 1993 as its Manteo city executive.

WESTSunwest Bank of Tustin, Calif., has hired Kenneth Smith as a senior vice president and the head of its South Coast commercial banking region.

He was a senior vice president and a manager at Bank of Orange County of Fountain Valley.

Sunwest Bank has $298 million of assets.

Fortune Bank, a Seattle start-up that opened Dec. 11, has hired Dan Dierdorff as its chief lending officer and an executive vice president.

Mr. Dierdorff has 32 years of Washington banking experience. Most recently he was the head of private banking in Bellevue for KeyBank. He joined the KeyCorp unit in 1998.

Fortune Bank has $28 million of assets.

Silver State Bank of Henderson, Nev., has promoted Calvin D. Regan to president.

Mr. Regan, who was an executive vice president, will remain the head of the Small Business Administration loan division, a job he has held since the $996 million-asset bank's inception in 1996.

Silver State Bank is a unit of Silver State Bancorp, which also owns the $150 million-asset Choice Bank.

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