Philadelphia, hired Jere A. Young as president and chief executive officer.

He succeeded Harry D. Madonna, who remains chairman of the company and its First Republic Bank.

Mr. Young, also elected a director of the bank, had been running his own consulting firm, Capital Advisory Group Inc. Earlier he had been interim president of First Commercial Bank of Philadelphia, chairman and CEO of Hansen Bancorp., and president of Southeast National Bank of Pennsylvania.

Rolf A. Stensrud remains president and CEO of First Republic Bank as well as executive vice president of its holding company. Mr. Stensrud was also recently named vice chairman of Atlantic Central Bankers Bank, of which First Republic is an owner-member.

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