Ocean Bank, a Portsmouth, N.H., division of People's United Bank of Bridgeport, Conn., said Dianne Mercier will become its president June 1.

Mercier has been Ocean's senior vice president and group manager of commercial lending since joining it in 2003.

Before that she was the state director of community banking in New Hampshire for Citizens Bank, a unit of Royal Bank of Scotland Group PLC. At Citizens, she helped establish the state community banking group and assisted in the implementation of its small-business lending model.

She will succeed the retiring Danny O'Brien as Ocean's president, a job he has held since 2003. Before that he was the executive vice president of commercial and community banking for Chittenden Bank in Burlington, Vt.

MIDWESTCommerce Bancshares Inc. of Kansas City, Mo., has promoted Charles G. Kim to chief financial officer.

Kim will start his new job July 1. He has been an executive vice president of the company since 1995 and of its Commerce Bank since 2004. He currently oversees strategic planning, retail banking and the consumer and corporate card business.

As the CFO, he will succeed A. Bayard Clark, who will retire in January, Commerce Bancshares said. Clark will remain with the company as an officer and adviser until his retirement.

MIDDLE ATLANTICBank of America Merrill Lynch of New York has hired Bryan Weadcock as the head of fixed-income sales for the Americas in its global markets group.

Weadcock was the head of investor client management at JPMorgan Chase & Co. Before that he oversaw North American fixed-income sales there. Earlier he led U.S. credit sales.

He joined JPMorgan Chase in 1992 as a bank analyst in credit research.

Weadcock will begin his new job with the investment arm of Bank of America Corp. in July and will report to Mike Meyer, the global head of sales for global markets.


 Deutsche Bank AG of Frankfurt has hired Laurence Madsen as a managing director in the institutional clients group of its global markets division.

Madsen is based in New York. She was a managing director and equity desk analyst for financial institutions at UBS AG, where she had worked since 1996.

Before that she was an investment banker at Banque Worms SA of Paris. She oversaw international mergers and acquisitions at Banque Worms, which Deutsche Bank acquired in 2001.

She will report to Leslie Pfrang, the head of equity sales for North America at Deutsche Bank.

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