Succession planning

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.

Bob Bjelland has led the Lewistown, Mont.-based institution for more than three decades.

The Maryland-based institution has hired an executive search firm to find its next leader.

A number of credit unions have announced promotions, new hires and recognitions for their employees.

Kendall Garrison will lead the Austin, Texas-based institution after its current CEO, Paul Trylko, retires at the end of this year.

A number of credit unions have recently made personnel changes, including LAFCU and F&A Federal Credit Union naming new chief lending officers.

The Los Alamos, N.M.-based institution said that Dwayne Herrera would take over as CEO after its previous leader took another job.

Ron Baron had been serving as interim president and CEO for the Delaware-based institution before being given the job permanently.

Several credit unions have hired new employees while a financial advisor was recognized for his volunteer efforts.

CFO Ewen Stevenson, who has been in place only since January after joining from Royal Bank of Scotland, has established himself as the dominant force in the 154-year-old bank's executive suite, say current and former HSBC officials.

Credit unions have recently announced personnel changes in a number of areas, including human resources, information systems and operations.

Beacon Business Bank hired former Boston Private executive John Delaney as its new leader.

Jason S. Lee is joining the Summerville, S.C.-based institution as president and chief operating officer but he will eventually take over as CEO.

Credit unions have announced a number of new hires and promotions in areas such as lending and retail operations.