Wachovia Bank in Winston-Salem, N.C., has named executive vice president James C. Cherry to become Virginia banking president in August.

He will remain in Richmond and continue to lead the bank's central Virginia region.

As state president he will succeed O. Kenton McCartney 3d, who will retire after 31 years in the business. Mr. McCartney was president and chief executive officer of Jefferson Bankshares in Charlottesville, Va., which Wachovia bought in 1997. He joined Jefferson in 1984.

Mr. McCartney is also now the Wachovia Bank executive in charge of western Virginia. That job will go to I.L. Cockman Jr., now consumer banking manager for central Virginia.

Mr. Cockman, a senior vice president, will move to Charlottesville from Richmond. He joined Wachovia in 1970.

Lewis N. Miller Jr. will remain the bank's chief executive officer for Virginia.

Meanwhile in North Carolina, Wachovia Bank named Paul G. Grube to become southern regional executive, a job that will put him in charge of operations in 14 southern and western counties.

Mr. Grube is a senior vice president and group executive for regional corporate banking in Charlotte, where he will remain.

He will succeed Isaiah Tidwell, who was earlier named Georgia market president and will move to Atlanta this summer.

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.