Succession planning

Poage Bankshares in Ashland, Ky., has promoted Thomas Burnette to chairman of the boards of the company and its Town Square Bank subsidiary.

Bridgewater Savings Bank in Raynham, Mass., said that its chief executive, James Lively, will retire on Dec. 5 and that Peter Dello Russo, its president and chief operating officer, will succeed him.

Malvern Bancorp in Paoli, Pa., has named Howard Kent chairman of the company and of the $727 million-asset Malvern Federal Savings Bank.

Fauquier Bankshares in Warrenton, Va., has named a North Carolina community banker as its new chief executive.

Barclays' investment bank chief, Tom King, plans to retire as soon as next month, said people with knowledge of the plans.

Correcting misperceptions about banking, in addition to focusing on recruitment efforts, will help fix an apparent rupture in the talent pipeline.

Sanford "Sandy" Weill, the former head of Citigroup, has stepped down as chairman of Hamilton Insurance Group in Bermuda.

Glen Burnie Bancorp in Maryland has appointed a successor to its outgoing president and chief executive.

Evans, soon to retire as CEO of Cullen/Frost Bankers, believes his company is well positioned to withstand the fallout from low oil prices. He is advising his successor to avoid the temptation to panic and focus on the long view.

Lighthouse Bank in Santa Cruz, Calif., has brought back one of its co-founders to become its president. The $176 million-asset bank said in a press release that Jon Sisk had become its president on Monday.

Cross Keys Bank in St. Joseph, La., has named a new president and elected a new chairman.

The industry's rapid change is shining a spotlight on middle and senior managers who inherit positions and often have to fix the messes — while maintaining the successes — of their predecessors.

The $465 million-asset bank in Athens, Ga., has named Rhodes McLanahan CEO and president.

The Minneapolis bank has promoted longtime executive Andrew Cecere to president, a title held by Chairman and CEO Richard Davis for more than a decade.

International events like the Davos economic forum should remind business leaders of the importance of being stewards and of having workforce diversity.

Middlesex Savings Bank in Natick, Mass., has promoted a senior banker to chief commercial credit officer.

DNB Financial in Downingtown, Pa., said its chairman and chief executive, William Latoff, has died. He was 67.

Patriot National Bancorp in Stamford, Conn., said that its chief financial officer resigned this week and that it has hired a former Connecticut community bank executive to replace her.

Bank of Oak Ridge in Oak Ridge, N.C., has a successor for its departing president and chief executive.

MainSource Financial Group in Greensburg, Ind., has named Karen Woods as chief risk officer and corporate counsel.