Succession planning

Credit unions have recently promoted and hired new employees in areas such as retail management, business lending and marketing.

David Justice, chief operating officer, will take over for the retiring RaAnn Wood on Nov. 1.

Brad Dinsmore, who will also serve as the California company's president, once was in charge of several key lines at SunTrust, including consumer banking and private wealth management.

The bank elevated three senior executives who could be possible successors to CEO Sergio Ermotti; the move to a new rate benchmark won’t trigger a “tax event.”

Two credit unions have hired new employees to oversee branches while senior investment representatives from a CUSO were recently honored.

When H. Lynn Harton joined United Community Bank seven years ago, he knew he was on track to eventually become CEO. But he still felt he had to earn it.

Intense competition for executives and top lenders has elevated the role acquisitions play in filling key positions.

The young professionals' development group is searching for a new manager following Lauren Culp's departure on Friday. She will remain in the industry.

Analysts and big investors say they cannot advocate buying more shares until the bank installs a leader with the authority to lay out a plan for the future. However, speculation about potential candidates has quieted.

Credit unions have made a number of personnel changes, including one institution appointing a chief technology officer and chief lending officer.