MIDWEST

Marion Capital Holdings Inc. of Marion, Ind., has named Steven L. Banks to succeed John M. Dalton as president and chief executive officer on March 31.

He will also succeed to those titles at its First Federal Savings Bank.

Mr. Banks, 49, is vice chairman of $195 million-asset Marion Capital, chief operating officer of its thrift, and executive vice president of both.

He came to the company in 1996 from Marion-based Fidelity Federal Savings Bank, of which he was chairman, president, and CEO. Fidelity Federal is a unit of First Financial Bancorp of Hamilton, Ohio.

Mr. Dalton, 64, will remain chairman of Marion Capital Holdings. He joined First Federal Savings in 1962, was elected a director in 1974, helped form the holding company in 1993, and became its president in 1996 and its chairman in 1997.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.