ST. LOUIS - Magna Group Inc. said Tuesday its chairman and chief executive officer, William S. Badgley, 65, had retired as of Dec. 30.

In accordance with previously announced succession plans, the board of directors has elected G. Thomas Andes, 52, chairman and chief executive officer. Mr. Andes continues as president, a position he was elected to in 1992. He had also been chief operating officer of Magna Group.

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