The Bank Securities Association elected a president who is leaving his bank job.
Lincoln B. Yersin is president of Amsouth Investment Services, the retail brokerage of Birmingham, Ala.-based Amsouth Bancorp. But he has told the company that he will leave April 30.
"I've made the decision to go off and seek out some opportunities that I've been looking at for some period of time," Mr. Yersin told American Banker. He did not elaborate.
He assumed the presidency of the Wayne, Pa.-based trade group post last month. A spokesman for the group said it had chosen Mr. Yersin before he revealed his intention of leaving Amsouth.
The term is normally as long as two years, the spokesman said, but he was indefinite about how long Mr. Yersin would serve.
The group chose him before he revealed that he would be leaving Amsouth, the spokesman said.
Mr. Yersin succeeded William A. Hawkins as president of the group. Mr. Hawkins is president of American General Financial Center, a retail lending operation of Houston-based American General Financial Group. Mr. Yersin's election was announced last week, as were those of other officers and new board members.
Ellen Sartin was elected vice president and Mark GaNung secretary and treasurer. Ms. Sartin is group executive of Wachovia Bank, the leading banking subsidiary of Wachovia Corp. Mr. GaNung is president of Keystone Brokerage, a subsidiary of Keystone Financial Corp., a community banking company based in Harrisburg, Pa.
The three new board members, who bring the total to nine, are Kathleen Dennis, senior managing director of KeyCorp's Key Asset Management; James R. Eads, executive director of Riggs National Corp.'s Riggs & Co.; and Michael Mortensen, president of PNC Bank Corp.'s PNC Brokerage.