Succession planning

Ann Dubie stepped down from the Joliet, Ill.-based credit union in March after 20 years at the helm.

Valley National wanted to become more customer friendly, while Washington Federal needed more commercial clients. The leaders of those companies recently discussed the tough decisions they made to bring about much-needed change.

John Servos spent the last dozen years as CEO of the St. Louis-based Neighbors Credit Union.

The Oklahoma regional bank said Steven Bradshaw plans to retire in March 2022.

David Bunch joined the Maryland credit union as a member in 1979 and has worked there since 1987. He was appointed to lead the organization in 1996.

Stephanie Sherrodd, who has led the Texas credit union since 2012, will leave at the end of April to pursue other opportunities.

Sam Sidhu, whose father is CEO Jay Sidhu, will become president and chief executive of Customers Bank in July.

Matthew Gehman will take the helm at the Lancaster, Pa., institution on April 1, succeeding W. Kent Hartzler, who has been CEO since 2007.

David Murphy, the credit union's vice president of risk and finance, will succeed Carol Adler, who is retiring.

Paul Marsh resigned as president and CEO of the South Bend, Ind., credit union on Tuesday after 30 years there. An interim chief has been named and the board is searching for a permanent successor.