Tamalpais Bank in San Rafael, Calif., has hired Karol Watson as a senior vice president and its loan operations manager.

Watson oversaw loan operations at Wells Fargo & Co. and, before that, at Greater Bay Bank. Earlier she was a loan operations manager for California Bancshares, which U.S. Bancorp bought in 1996.

Tamalpais has $702 million of assets.


 Pinnacle Bank of Gilroy, Calif., has hired Jeffrey D. Payne as an executive vice president and its business development officer.

Payne was an executive vice president and national manager for Small Business Administration services at Comerica Inc. He joined Comerica when it bought his previous employer, Pacific Western Bank, in 1994.

Pinnacle has $130 million of assets.

MIDDLE ATLANTICOrrstown Financial Services Inc. of Shippensburg, Pa., has promoted Thomas R. Quinn Jr. to president and chief executive officer of the company and its Orrstown Bank.

Quinn was the president and CEO of Fifth Third Bank in south Florida. Before that he was the head of commercial and retail banking at Citigroup Inc. Earlier he was Citibank's president and regional manager in New York.

He joined the $1 billion-asset Orrstown Financial as president-elect and will succeed the retiring Kenneth R. Shoemaker on May 5, the company said.

Shoemaker will become the president emeritus and will remain a director.

He has been the president and CEO of Orrstown Financial since 1988 and of Orrstown Bank since 1987.


 Herald National Bank in New York has hired Henry Auffarth as a senior vice president and senior managing director and Roger Bedore as a senior vice president and managing director.

Auffarth will oversee the $74 million-asset Herald's private client team in Brooklyn. He was the senior vice president for the commercial markets group at Citibank. Before that he had worked for JPMorgan Chase & Co.

Bedore was a group director and senior vice president at Signature Bank.

Before that he was a managing director for Republic National Bank. He will be based in Manhattan.

MIDWESTDelaware Place Bank in Chicago has hired Kevin Hughes as a senior lender and the executive vice president of commercial lending.

Hughes had been the group senior vice president of commercial banking at Cole Taylor Bank since 2005. Before that he had worked at Associated Bank since 1988 as the executive vice president of commercial lending services.

He also oversaw private banking, treasury management and credit administration.

Earlier he was a vice president and the head of the metropolitan banking division for LaSalle Bank.

Delaware Place is a $294 million-asset unit of Chicago Shore Corp.

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