Meridian Bancorp said Terry L. Troupe, vice chairman responsible for the company's financial services group of non-banking subsidiaries, is resigning, effective Jan. 1, to pursue a post in the financial field.

The company, based in Reading, Pa., said that until Mr. Troupe is replaced, the business units of the financial services group will report to the office of the chairman, which consists of Meridian's chairman, its president, and its chief financial officer.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.