Silicon Valley Bank, San Jose, Calif., has made a series of high-level hirings and reassignments to complete a management restructuring.
James F. Forrester, executive vice president, was named to manage the bank's commercial and real estate group, whose headquarters are in Santa Clara, Calif.
In his most recent assignment, Mr. Forrester opened the bank's technology group in Southern California, which now has over 150 clients. Replacing him as manager of technology in Southern California is Barbara B. Kamm, who was promoted to senior vice president.
Named to Top Credit Post
The bank hired A. John Busch as executive vice president, chief credit officer, and general counsel, subject to regulatory approval. Mr. Busch was chief credit officer at First National Bank in San Diego and held senior lending and counsel positions with Union Bank. At Silicon Valley he will manage the credit administration and legal group.
As chief credit officer Mr. Busch replaced William B. Broyles, senior vice president, who had held the job on an acting basis. Mr. Broyles reassumed his previous responsibilities as manager of the loan review function and also assumed responsibilities for the audit function.
The bank hired Glen Blackmon as executive vice president and chief information officer. Mr. Blackmon, who will manage the data processing and operations group, was president and CEO of First Interstate Information Systems of Iowa.
Finally, Stacy Carlson rejoined the bank as senior vice president, strategic planning and projects, a new post reporting to John C. Dean, president and CEO. She will focus at first on developing a strategic planning process and a cost accounting system. She ended a previous stint at the bank as regional vice president in technology lending.