Succession planning

The National Association of State Credit Union Supervisors has started a national search to replace President and CEO Lucy Ito.

Larissa Thurston, who will also become the Massachusetts credit union's president, will succeed James Garvey, who is retiring.

Mike Butler will also become president of the de novo, which focuses on technology companies and venture capital firms.

Mike Daniels has been president and CEO of Nicolet's bank since 2015.

The company promoted Bob Fehlman to become its president and hired Jay Brogdon from Stephens Inc. to succeed Fehlman as chief financial officer.

Rhonda Diefenderfer, who has led the Billings, Mont., credit unon for 20 years, will retire in May and be succeeded by the credit unions busines vice president of business lending.

The Methuen, Mass.-based institution's newest CEO was born in the same town and has more than a decade of experience in the credit union industry.

The retirement of the chief executive at Cincinnatio Ohio Police FCU has resulted in a new hire there and at nearby TruPartner Credit Union.

Janet Sanders has retired after 13 years at the helm of the $142 million-asset credit union. She is succeeded by the credit union's longtime executive vice president, Shelley Sanders. The two are not related.

The Louisiana credit union holds just $3.5 million of assets and could not find a successor for its retiring chief executive.

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.