Succession planning

TDECU employee up for Citizen of the Year and more honors, awards, promotions and new hires.

Gerald Lipkin has been the New Jersey company's CEO since 1989. Ira Robbins, president of Valley National's bank, will succeed Lipkin.

Linda Pearsall will replace retiring CEO Randall Dixon on Jan. 1, 2018

Brian Wolfburg succeeds longtime leader Terry West, who retired earlier this year.

David Ritchie, a regional manager for U.S. Bank, will succeed the retiring David Tabor in early November.

It's tough to be a bank director these days, as the public and elected officials hold the board responsible for misdeeds that occur on their watch. Turnover is up, and filling the seats is more of a challenge than ever.

Jim Popp, formerly of JPMorgan Chase, will become CEO of Johnson Financial Group in Racine at yearend. He will succeed the retiring Jim Bolger.

Robust growth in net interest income, combined with a lower provision for loan losses, helped boost Webster Financial Corp.'s profits to a record $62.4 million in the third quarter, 26% higher than a year earlier.

Frederick Waddell will retire as CEO of the Chicago custody bank at the end of 2017 but will remain chairman.

Spokane Teachers Credit Union CEO Tom Johnson will be succeeded by Ezra Eckhardt, effective Jan. 1, 2018.