United Financial Corp. of Great Falls, Mont., has named president Kurt R. Weise to the additional post of chief executive officer.

He succeeded chairman John M. Morrison, his longtime boss, as CEO of the $230 million-asset savings bank holding company. Mr. Weise's other title, chief operating officer, was eliminated.

Mr. Morrison is United's largest shareholder. He was chairman of Heritage Bancorp in Great Falls, which bought United and took its name in February of 1998. Mr. Weise was Heritage's vice president and treasurer.

Earlier Mr. Weise worked for Mr. Morrison at Bank of Montana System, which Norwest-now Wells Fargo & Co.-bought in 1994. Mr. Morrison was chairman and the majority shareholder; Mr. Weise was chief financial officer.

Mr. Weise remains president of two companies that Mr. Morrison owns: Central Financial Services Inc., a bank consulting company; and Central Bancshares in Stillwater, Minn., the holding company for Central Bank there.

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.