Park Sterling in Charlotte, N.C., has hired Donald Truslow as its next chief financial officer.

The $3.1 billion-asset Park Sterling said in a press release Friday that Truslow will succeed David Gaines, who had been the company's CFO since its 2010 initial public offering. Gaines will remain with the company through March to assist with transition.

Truslow, who had recently been a senior adviser to the regulatory and compliance practice of Deloitte Advisory, was the chief risk officer at Wachovia in Charlotte prior to the financial crisis. He also served as chief risk officer at M&T Bank in Buffalo, N.Y., before retiring in September 2014.

The hiring reunites Truslow with James Cherry, Park Sterling's chief executive. Cherry once was a regional CEO for Wachovia and president of its Virginia operations.

Park Sterling would only say that Gaines was pursuing "other interests." A call to Cherry was not immediately returned.

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