City Holding Co. of Charleston, W. Va., said it has selected Gerald R. Francis to head the struggling company, but it still needs approval from regulators before he can take office as president and chief executive officer.

Mr. Francis will consult the bank as special assistant to the board of directors until the Office of the Comptroller of the Currency - which in July ordered City Holding to clean up its loan portfolio - approves his appointment. That could take up to 60 days.

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