First Market Bank, Richmond, Va., a joint venture of Ukrop's Super Markets and National Commerce Bancorp., has elected James E. Ukrop chairman and John Presley president.

Mr. Ukrop is vice chairman and CEO of the Richmond-based supermarket chain, which owns 51% of First Market.

Mr. Presley was chief financial officer of National Commerce Bank Services, the in-store-bank consulting subsidiary of Memphis-based National Commerce. His duties have been divided.

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