GreenPoint Financial Corp. named Bharat B. Bhatt as president and chief operating officer. Mr. Bhatt, who had been GreenPoint's vice chairman for the past two years, was also elected to the company's board of directors.

The chief operating officer post is a new one at the thrift; the title of president was previously held by GreenPoint chairman and chief executive officer Thomas S. Johnson.

Mr. Bhatt will be in charge of GreenPoint's daily operations, and Mr. Johnson will focus on increasing the thrift's growth, the company said in a written statement.

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