NEW ENGLAND

Salisbury Bancorp Inc. of Lakeville, Conn., announced the retirement of John F. Perotti, the chairman and chief executive officer of the company and its Salisbury Bank and Trust Co.

Perotti will remain a director of the $495 million-asset company and bank. He had been chairman since 2005 and president and CEO since 1993. Before that he had been the chief operating officer since 1989. Earlier he had been the treasurer and chief administrative officer since 1987. He was also an executive vice president from 1986 to 1993. He had worked for Salisbury Bank and Trust since 1973, when he joined as a teller.

Richard Cantele Jr. succeeded Perotti as CEO of the bank and the company. Cantele will remain a director, the president and chief operating officer of both.


MIDDLE ATLANTICF.N.B. Corp. of Hermitage, Pa., has named Stephen J. Gurgovits its president and chief executive officer.

Gurgovits will remain the chairman of the board for the $8.2 billion-asset company. He has been interim CEO since February, when he came out of retirement. He had retired in 2008 as F.N.B.'s president and CEO, a position he had held since 2004. Before that he had been president of the company's First National Bank since 1988. He began his career with First National in 1961.

The company promoted Vincent J. Delie Jr. to executive vice president and chief revenue officer and Brian F. Lilly to executive vice president and chief operating officer.

Delie will remain the president of the banking group for First National Bank. He joined the bank in 2005 as president and CEO of the Pittsburgh market.

Lilly will remain the chief financial officer for F.N.B. Corp. He joined the company in 2003.


MIDWESTFlagstar Bancorp Inc. of Troy, Mich., announced that the president and chief executive officer of the company and its Flagstar Bank, Mark Hammond, will resign on or before Jan. 29, 2010.

Hammond has been the chief executive officer of the $16.8 billion-asset company and the bank since 2002 and the president since 1995. He will remain the vice chairman of the board of the company and the bank; he has been vice chairman of the company's board since 1993 and of the bank since 1991. He joined the bank in 1987.


SOUTHEASTPAB Bankshares Inc. of Valdosta, Ga., has named Donald J. Torbert Jr. chief executive officer of the company and its Park Avenue Bank.

Torbert will remain the president of the $1.3 billion-asset company and bank. He has been the interim CEO since April. Before that he had been executive vice president of the company and the bank since 2003 and the chief financial officer since 2001. From 2001 to 2003 he was also a senior vice president. Earlier he had been the vice president and the controller of the company since 2000.


WESTTemecula Valley Bank in Temecula, Calif., has promoted Dan Stake to executive vice president and the manager of its main office.

Stake had been a senior vice president and commercial loan officer since he joined the bank in 2004.

Before that he had been a commercial lending manager since 1998 for Community National Bank in Temecula.

Temecula Valley Bank has $1.4 billion of assets.

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