MIDLAND SAVINGS Bank, Des Moines, said Mark B. Davis has been promoted to vice president and product and compliance manager for Midland Investment Services.

Mr. Davis will help design products and implement compliance procedures for regulated financial products.

He was formerly assistant vice president for training and compliance.

Minoo Spellerberg has been named asset quality and regulatory compliance vice president for Midland Savings Bank.

Ms. Spellerberg will develop and implement credit quality procedures for loan and lease originations and management at Midland's 40 full-service bank and lending locations in six midwestern states. She will direct a staff of two compliance auditors.

Ms. Spellerberg formerly worked as a compliance auditor at Central Life Assuance Co.

Midland Savings is one of the Central Cos.

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