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Mercantile Bank and Dime Community recently outlined plans for their CEOs' retirements, while Cullen/Frost made the transition earlier this year. Each transition is anchored in a belief that success hinges on turning day-to-day operations over to a trusted lieutenant.
August 10
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NexTier Bank in Butler, Pa., has tapped its chief operating officer as its next leader.
August 8 -
SouthCrest Financial Group in Woodstock, Ga., has found a new leader after his predecessor departed eight months ago.
August 4 - North Carolina
A BB&T unit that finances power equipment has a new president.
August 1 -
While some institutions find it sensible to appoint chief operating officers to assist the CEO or as part of a succession plan, many others increasingly choose to go without a COO.
August 1
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On top of running a banks day-to-day operations, chief operating officers particularly at smaller banks play the additional role of CEO-in-waiting.
July 31 -
The former C1 Financial chief, expected to play a critical role at Bank of the Ozarks, resigned just a week after his company's sale. Thanks to a lengthy noncompete, it could take years to determine his next move.
July 28 -
Banks must come to grips with the fact that adapting to the industry's transformational changes means having new faces in the corporate suite.
July 8 -
FirstBank Holding in Lakewood, Colo., will have a sole chairman after one of its co-founders announced plans to step down.
June 23 - Oregon
Umpqua Holdings in Portland, Ore., will have a new chief executive in 2017. The company said Monday that Ray Davis, 67, will step down as president and CEO, effective Jan. 1. Davis, who will become executive chairman, will be succeeded by Cort O'Haver, who was named president of Umpqua Bank in April.
June 20
