Kankakee Bancorp in Illinois has restored William Cheffer to the president and chief executive officer posts from which he had resigned in 1993 after a one-year tenure. He also was named chairman of the holding company and its subsidiary, Kankakee Federal Savings Bank.
He succeeds James G. Schneider, who recently died.
Since 1993, Mr. Cheffer had been vice chairman of the holding company and bank.
Mr. Cheffer joined Kankakee Federal in 1952 and has been a director of the holding company since it was formed in 1992. Larry D. Huffman, also a board member for eight years, succeeds Mr. Cheffer as vice chairman of the $400 million-asset bank and its parent.
WEST
Bay View Bank in San Mateo, Calif., has hired Glen V. Guglielmina to manage business banking and be a senior vice president.Mr. Guglielmina was a senior vice president and business banking team leader at U.S. Bank in Fremont, Calif. He has 20 years of banking experience.
Bay View Bank, a subsidiary of Bay View Capital Corp., has $6 billion of assets.
MIDWEST
Amalgamated Bank of Chicago has elected labor leaders Thomas Balanoff, Wanda Black, William E. Dugan, and Michael Fitzgerald to its board of directors.Amalgamated Bank of Chicago, founded in 1922 by the Amalgamated Clothing Workers Union, specializes in serving the financial needs of international, national, and local unions and their members.
Mr. Balanoff, 49, is president of General Service Employees Union Local 73 and an international vice president of the parent union. He has been involved in the labor movement since 1974.
Ms. Black, 49, is president and business agent of Amalgamated Transit Union Local 241 and a member of the Chicago Federation of Labor executive board. She has been a member of the union since 1975.
Mr. Dugan, 66, is president and business manager of Local 150 of the International Union of Operating Engineers, AFL-CIO.
He is also chairman of the Midwest Operating Engineers Health and Welfare Fund and Pension Fund. He has belonged to the operating engineers union since 1955.
Mr. Fitzgerald, 49, is business manager and financial secretary of the International Brotherhood of Electrical Workers Union Local 134. He is also on the executive board of the Chicago labor federation. He has been a member of Local 134 since 1973.
Amalgamated Bank of Chicago, a subsidiary of Amalgamated Investments Co., has $677 million of assets.
MIDDLE ATLANTIC
Progress Financial Corp. in Blue Bell, Pa., has named H. Wayne Griest senior vice president and head of real estate lending at its Progress Bank subsidiary.Mr. Griest is to remain president and chief executive officer of Progress Realty Advisors Inc., a commercial mortgage banking subsidiary.
Mr. Griest joined Progress as a founder and director of Progress Realty in 1993. Earlier he was president of the Lee Financing Group Inc., a commercial mortgage banking firm in Wayne, Pa. He has 15 years of bank real estate and corporate finance experience.
Progress Bank has $690 million of assets.
First Morris Bank and Trust in Morristown, N.J., has hired Ronald C. Steele to be vice president and senior investment officer.Mr. Steele is to oversee client portfolios in the bank's newly created trust and investment services division.
He was a senior vice president at $111 million-asset U.S. Trust in Windsor, N.J., where he managed high-net-worth accounts.
First Morris Bank and Trust has $285 million of assets.
