In the same breath it announced the hiring of a new chief executive officer, Republic Bancshares of St. Petersburg, Fla., warned of possible mortgage losses.

The $2.6 billion-asset parent of Republic Bank last week named William R. Klich as president and CEO, succeeding John Sapanski, who retired a year ago. Mr. Klich was chairman and chief executive of SunTrust Bank's $2.4 billion Gulf Coast operation, which is based in Sarasota, Fla.

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