Succession planning

Goldsmith died Sunday of natural causes at his home in Beverly Hills, Calif., a City National spokeswoman said Monday.

Armada, a technology consulting firm in Tulsa, has hired as its president Frank McKeon, a former IBM executive who consulted with banks.

Benjamin Bochnowski will be named chief executive of both the holding company and the $865 million-asset Peoples Bank at the bank's April 28 annual meeting.

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.