Harrington Bank, Richmond, Ind., the lead subsidiary of Harrington Financial Group Inc., hired Russell Breeden 3d to be president.

He succeeds Craig J. Cerny, who will remain chairman and chief executive officer of the bank.

Mr. Breeden will keep his posts as chairman of the board and chief executive officer of Community First Financial Group but relinquish his job as chief investment officer. The Community First holding company owns English State Bank, English, Ind.; 52.5% of Peoples Trust Bank Co., Corydon, Ind.; and 92% of Peninsula Banking Group, Redondo Beach, Calif. He is also chairman of Peoples Trust and Peninsula Banking Group.

Earlier Mr. Breeden was president and CEO at Raffensperger, Hughes & Co., an Indianapolis investment bank that was involved in the formation of Harrington Financial; he left the firm in 1993. In July 1995, Cleveland- based National City Corp. bought the investment bank and renamed it NatCity Investments Inc.

Harrington Bank has $540 million of assets.

NEW ENGLAND

South Shore Community Bank and Trust Co., a start-up bank in Braintree, Mass., hired John A. Fanciullo to be executive vice president and chief financial officer.

Mr. Fanciullo had been president and chief operating officer of Quincy Savings Bank until Citizens Financial Group of Providence, R.I., bought it in January 1995. Most recently, he was a financial consultant.

During his time at Quincy Savings, he was executive vice president and treasurer of Excel Bancorp until Quincy bought it in Sept. 1992.

South Shore Community Bank got approval of its application from the Massachusetts Board of Bank Incorporation last August.

Mr. Fanciullo joins Don Olson, chief executive officer, and James Barbieri, president, in raising capital and developing operating policies for the bank's planned first-quarter opening.

MIDWEST

Fort Knox National Bank, Radcliff, Ky., promoted Lula C. Thomas to president, succeeding James R. Fugitte, who remains vice chairman. Ms. Thomas, who was executive vice president, joined the bank in 1992.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.