Fzye E. Cannon has been eletted president, chief operating officer, and a director of Farmers and Mechanics National Bank and its parent company, F&M Bancorp, Frederick, Md.

She succeeds Charles W. Hoff 3d, president of the bank since 1981 and of F&M Bancorp since its formation. He has been elected chairman of the board and continues as chief executive officer.

Ms. Cannon, formerly executive vice president, joined F&M in 1974. She has held financial-institution senior management positions in marketing, training, strategic planning, branch administration, credit card services, operations, and human resources.

Mr. Hoff will continue to be actively involved with Farmers and Mechanics National Bank and the Frederick community. He is also the president-elect the Maryland Bankers Association and will begin his term as president next June.

Penn Federal Promotes

Tinker to Executive VP

Lucy T. Tinker has been named executive vice president and chief operating officer of Penn Federal Savings Bank, a Newark, N.J.-based financial institution that maintains 16 branch offices in the state.

Ms. Tinker was senior vice president and finance group executive at Penn Federal.

She had been senior vice president and director of investments and money operations for Seamen's Bank for Savings and a vice president and manager in securities investment for City Federal Savings Bank, Elizabeth, N.J.

CORNERSTONE BANK, Stamford, Conn., has promoted James P. Jakubek to executive vice president.

He remains chief operating officer.

Before joining Cornerstone, formerly known as First National Bank of Stamford Mr. Jakubek was a vice president of retail operations and property management with Connecticut Bank and Trust Co.

LIBERTY BANK, Middletown, Conn., has elected Lucille E. Brown as senior vice president and director of human resources.

Ms. Brown was a partner at the law office of Schatz & Schatz, Ribicoff & Kotkin, Hartford, Conn., where she counseled clients on employment-related policies and procedures.

EDGEMARK FINANCIAL Corp., Chicago, said Ruth H. Carroll has been promoted to community bank president of the Germania Place location of its Merchandise National Bank.

Ms. Carroll will retain her position as marketing director for the bank and holding company.

Edgemark also announced that it has hired John M. Atkinson as an assistant vice president and financial service officer for the bank and that Mark R. Brennan had been promoted to marketing officer at Merchandise National.

FIRST Commercial Bank, Philadelphia, said James R. Russell has joined as president, chief operating officer, and a director.

He was senior vice president at Bank and Trust Company of Old York Road, in Willow Grove, Pa., responsible for all commercial lending.

GREAT FALLS BANK, Totowa, N.J., has named James W. De Bow as vice president.

He will be working in marketing and business development.

Mr. De Bow was president and chief executive officer of the First Savings Bank of Little Falls, N.J.

He was a board member when asked to assume that post. In the three years he held it, the thrift was recapitalized by a private investor group.

He remains a member of the First Savings Bank board and its executive committee.

BANK OF GLOUCESTER County, Woodbury, N.J., has promoted Felicia Carr to assistant vice president.

Ms. Carr is manager of the bank's office in Pitman, N.J.

PENNSYLVANIA National Bank, Pottsville, said David L. Dolan has joined the bank as vice president and employee benefit trust manager.

Mr. Dolan will supervise the employee benefits unit of the bank's trust department. He will also be responsible for the development of pension, profit sharing, 401(k), and other employee benefit business the Harrisburg, Hershey, Berks, and Schuykill marketplaces.

He was formerly with York (Pa.) Bank and Trust Co. as vice president and senior trust officer.

Susan Kovacs has joined Pennsylvania National as vice president and director of marketing.

Ms. Kovacs is responsible for the effective management of all marketing functions of the bank, including research, product development, advertising, sales training, and communications.

She was associated with Merchants Bancorp., Allentown, Pa., an affiliate of First Fidelity Bancorp.

REPUBLIC NATIONAL Bank, Miami, has appointed Yves C. van den Branden to senior vice president and manager of its private banking center.

Mr. van den Branden was the U.S. resident adviser to Paris-based L'Europeene de Banque (Banque Rothschild SA) as as a financial consultant in corporate finance and merchant banking, specializing in Latin America.

F & C BANCSHARES, Port Charlotte, Fla., parent holding company of First Federal Savings Bank of Charlotte County, has named Charles G. Baltuskonis as vice president and chief financial officer.

Mr. Baltuskonis will oversee the accounting and checking operations of the bank and handle the public and regulatory reporting for the holding company.

He was the chief financial officer and treasurer for First Coastal Corp. in Portland, Maine, and chief accounting officer for Bank of New England, Boston.

VECTRA BANK, Denver, has named Thomas V. Larson as vice president and business team leader.

As manager of the lending staff at three Vectra branches, Mr. Larson's focus is to increase the entrepreneurial community's presence in the bank's commercial loan portfolio.

He formerly held positions with First National Bank of Boulder, now Bank One, and First Interstate Bank of Denver.

Cynthia Jo Sarno-Sterett has been named vice president of commercial loans for the banks' Thornton and Federal Heights, Colo., branches.

She was vice president and loan department manager for Community First National Bank in Thornton for 13 years.

LIBERTY TRUST Company of Oklahoma City, a subsidiary of Liberty Bancorp, has named Richard D. Manley a vice president of the bank.

Mr. Manley is manager of trust real estate, supervising the management of real estate assets held by the trust division in a fiduciary capacity.

CONTINENTAL SAVINGS of America, San Francisco, said Rajan R. Maline has joined its New York loan center.

He was chairman and chief financial officer of Capital First Mortgage Corp. in New York.

Mr. Maline will be responsible for Continental's wholesale loan production for the Middle Atlantic and Northeastern regions.

He will direct Continental's New York-based loan office, through, which the company purchases mortgage loans on a wholesale basis from mortgage originators.

Mr. Maline will be assisted by Thomas Calabro, the New York loan center's wholesale manager.

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