PRINCETON, N.J. FleetBoston Financial Corp. said Monday that it has named additional senior executives to run the New Jersey operations it acquired with its purchase of Summit Bancorp this year.
This new round of senior management appointments is another important building block in our strategic plan, said T. Joseph Semrod, chairman of Fleet New Jersey and the former chairman of Summit. The company was New Jerseys largest homegrown banking company until its sale to Fleet in a deal completed March 1.
Gerald L. Facciani, formerly head of Summit Mortgage, was named regional vice president of mortgages for metropolitan New York, New Jersey, Pennsylvania, Florida, and South Carolina.
James Hedden was named executive vice president and division manager for commercial real estate finance in northern New Jersey. He was previously head of commercial real estate lending for Fleet in New Jersey, Long Island, and Westchester County in New York.
Michael J. Maiorino was named president of Fleet Business Finance in New Jersey. He had been executive vice president and head of Summit Commercial Corp., which provided secured lending services.