First Midwest Bancorp in Itasca, Ill., has hired the former chief financial officer of Fulton Financial, about two weeks after he announced his resignation from the Lancaster, Pa., company.
Patrick Barrett was named to succeed Paul Clemens as CFO of the $12 billion-asset parent of First Midwest Bank and its holding company, according to a news release Wednesday. Clemens' appointment takes effect Jan. 5.
Barrett, 52, submitted his resignation from the $19 billion-asset Fulton Financial on Dec. 5, according to a regulatory filing issued on Dec. 6. Fulton Financial said in the disclosure that Barrett resigned to join another firm, which it did not identify in the document. Barrett had been CFO at Fulton Financial since 2014.
Fulton Financial named its chief operating officer, Philmer Rohrbaugh, as interim CFO until a full-time replacement is hired.
Clemens, who has worked at First Midwest for the past 10 years, announced his plan to retire earlier this year. He will remain with First Midwest until mid-2017 to assist with Barrett's transition and with the pending acquisition of the $2.4 billion-asset Standard Bank & Trust in Hickory Hills, Ill.