M&I Marshall & Ilsley Trust Company of Arizona in Phoenix has promoted Michael K. McCartney to president and chief executive officer.

He succeeded George H. Isbell, who had held the posts since 1994. Mr. Isbell, who was also a director of the company, has been named vice chairman of the board.

Mr. McCartney, who was also named a director, had been executive vice president and chief operating officer since 1998. He joined the company in 1995 as a vice president and business development officer.

The parent Marshall & Ilsley Corp. is headquartered in Milwaukee and has $23 billion of assets.

MIDDLE ATLANTICWilliam E. Simon & Sons LLC, an investment merchant banking firm based in Morristown, N.J., has hired John A. Gerson as managing director and chief financial officer.

Mr. Gerson was CFO of Kolberg Kravis Roberts & Co. for 11 years. Earlier he was deputy controller of Societe Generale's U.S. operations. Still earlier he was chief financial officer of Wells Fargo Bank International.

Cadwalader, Wickersham & Taft in New York has elected Derrick D. Cephas, who was New York State superintendent of banks for three years in the early 1990s, to its management committee.Mr. Cephas, 47, joined the law firm in 1994 as a lateral partner representing commercial banks, thrift institutions, bank holding companies, and foreign banking corporations. He is also a member of the firm's banking and finance department.

As a member of the management committee he succeeded W. Christopher White, a member since 1994 who is rotating off the committee.

The firm also reelected Robert O. Link Jr., as managing partner. Mr. Link, 45 has been managing partner since 1998. He joined the firm in 1987 and was named a partner in 1990.

SOUTHWESTHibernia National Bank in New Orleans has promoted vice presidents Judy Saizan Dawson, Spencer Gagnet, Susan Robinson, and Dale St. John Jr. to senior vice presidencies.

Ms. Dawson is the East New Orleans and Mid-City market manager in charge of retail banking and small-business development. She joined Hibernia in 1976.

Mr. Gagnet manages a portfolio of commercial and corporate relationships in the oil and gas production and exploration industry. He joined Hibernia in 1985.

Ms. Robinson and Mr. St. John work in the commercial real estate department. Ms. Robinson is in charge of underwriting commercial real estate transactions, and Mr. St. John serves real estate developers. Both joined Hibernia in 1990.

The Hibernia Corp. unit has $15 billion of assets.

Bank of America has split its Texas small-business/Premier Banking group and named longtime employees to run the two new operations.Robert V. New Jr., who led the group, was named Texas executive for Premier Banking, which serves wealthy consumers. He joined Nations Bank, Bank of America's predecessor, 12 years ago and he has 25 years of banking experience.

Peter N. McKee was named Texas executive for small-business banking. Mr. McKee, who was Texas executive for in-store banking, joined the predecessor NationsBank 13 years ago.

The two men work out of Dallas and report to Guy Bodine, the bank's Texas president.

Kim K. Farrell succeeded Mr. McKee in the in-store banking post. She was small-business/Premier Banking executive for North Texas.

The parent Bank of America Corp. is based in Charlotte, N.C.

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