Hawthorne Financial Corp. in El Segundo, Calif., has promoted Simone Lagomarsino to president and chief executive officer of both it and its subsidiary, Hawthorne Savings.

Ms. Lagomarsino succeeds Scott A. Braly, who resigned last month, and Gary W. Brummet, who has been acting chief executive officer. Mr. Brummet will remain on the board of directors, and Ms. Lagomarsino is to join the boards of both the bank and holding company.

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