Succession planning

New Frontier Bancshares in St. Charles, Mo., has hired the leader of another local bank as its new CEO.

Washington Federal Chairman and Chief Executive Roy M. Whitehead will hand off his CEO duties to Brent Beardall this spring.

The $605 million-asset company disclosed in a regulatory filing that Stephen Marsh, its CEO since 2008, retired on Dec. 31.

Lakeland Bancorp in Oak Ridge, N.J., has named a new chief financial officer and chief operating officer as two other executives plan to retire.

Daryl Tressler will retire as president and CEO of MainSource Bank in Greensburg, Ind., at the end of this year.

Bank of Montreal's Bill Downe, the longest serving chief executive officer among Canada's biggest lenders, said he has no immediate plans for retirement even after a management shuffle at the company.

As the banking environment demands a different skill set for those operating leaner branch networks, institutions should look at tellers as a longer-term human resource with growth potential.

FirstBank in Lakewood, Colo., named the successors to its CEO and president, who are both retiring after holding those titles for 17 years.

Andrew Jetter is stepping down as the chief executive of the Federal Home Loan Bank of Topeka after serving as the president and the CEO for 14 years.

Wayne Savings Bancshares in Wooster, Ohio, is looking for a new CEO.